Four-Unit Multifamily
For Sale
$774,900
Pending
1765 Chester Street, Aurora, CO 80010
Two residences have updated kitchens, bathrooms, and interior finishes, alongside a newly installed commercial-grade boiler and water heater.
Property Size2,890 SF
Days on Market11
Property Features for 1765 Chester Street
General Information
Standard status
Pending
Size
2,890 SF
Property subtype
Quadruplex
Taxes and HOA fees
Annual Taxes
$4,319
Building Details
Building Size
2,890 SF
Year Built
1959
Buildings
1
Listing Agency:
Coldwell Banker Realty 18
Listed By:
Vinh Lam
(303) 320-5733
Source:
Eliselosassore
Added: Sep 17
Changed: Sep 27
Last Checked: Sep 26 at 3:06PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty 18
Investment Insights
Based on property information with market context.
Built in 1959, this standalone four-unit property includes two renovated residences with rebuilt kitchens, updated bathrooms, and refreshed interior finishes. Building improvements include a replacement roof with new plywood framing and a commercial-grade boiler and water heater system. An unfinished basement provides additional storage space.
The property is minutes from Anschutz Medical Campus, Fitzsimons Innovation District, and Stanley Marketplace in Aurora.
The property is minutes from Anschutz Medical Campus, Fitzsimons Innovation District, and Stanley Marketplace in Aurora.
Key Highlights
- Two of the four residences have renovated kitchens, bathrooms, and interior finishes
- New roof with replacement plywood framing
- New commercial‑grade boiler and water heater system
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$41,542
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.36%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$830,840
$830.8K
Cap Rate 7%
$593,457
$593.5K
Cap Rate 9%
$461,578
$461.6K
Market Conditions
NOI Build-Up for 2,890 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$64.2K $22.20/SF
− Vacancy
−$4.8K −$1.67/SF
EGI
$59.3K $20.54/SF
− OpEx
−$17.8K −$6.16/SF
NOI
$41.5K $14.37/SF
Area
Aurora, CO
Vacancy
7.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$830,840
Cap Rate 7%
$593,457
Cap Rate 9%
$461,578
Alternative Uses
Best Use
Multifamily LT 5
$593.5K
$519.3K – $692.4K
NOI $41,542 @ 7.0% cap · market cap 5.36%
Second Best
Apartment 5plus
$551.1K
$482.2K – $642.9K
NOI $38,576 @ 7.0% cap · market cap 4.98%
Theoretical Best
Office A
$807.5K
$706.6K – $942.1K
NOI $56,528 @ 7.0% cap · market cap 7.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,463
Businesses Nearby
Explore this area
Business Placement
Demographics for 80010, CO
42,303
Population
15,394
Households
2.7
Avg Household Size
32
Median Age
19%
College-Educated
73%
High-School Grad
5.1 sq mi
ZIP Area
8,295
Density / Sq Mi
$60,755
Median Household Income
$36,349
Median Earnings
$1,400
Median Rent
$385,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Two residences have updated kitchens, bathrooms, and interior finishes, alongside a newly installed commercial-grade boiler and water heater.
Where is this quadplex located?
The property is located at 1765 Chester Street Aurora, CO.
What is the asking price?
The asking price for this property is $774,900.
What are key features of this property?
This property features: Two of the four residences have renovated kitchens, bathrooms, and interior finishes; New roof with replacement plywood framing; New commercial‑grade boiler and water heater system
