Residential Income
For Sale
$189,000
1828 Pitkin Street, Aurora, CO 80011
For-sale residential income property in Adams County, offering a straightforward option for income-oriented buyers.
Property Size1,344 SF
Price / SF$140.63
Days on Market50
Property Features for 1828 Pitkin Street
General Information
Standard status
Active
Size
1,344 SF
Property subtype
Manufactured In Park
Building Details
Year Built
2022
Listing Agency:
(720) 474-8643
Listed By:
Araceli Sandoval
(720) 474-8643
Source:
Evrealestate
Added: Jun 13
Changed: Jul 10
Last Checked: Aug 1 at 5:57AM
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 Araceli Sandoval
Investment Insights
Based on property information with market context.
This for-sale residential income property is listed under residential income/multifamily categories, positioned as a potential fit for buyers seeking an income-producing asset. The available information does not specify the unit mix, interior finishes, or current occupancy details, so due diligence will be important for underwriting and operational planning.
The property is located at 1828 Pitkin Street in Aurora, within Adams County. For prospective buyers and their representatives, confirming access, utilities, and any existing leases or operating history should be part of the standard evaluation process.
From a tenant and buyer perspective, this offering can be reviewed as a residential income opportunity within the Aurora market. If you are evaluating the property for acquisition, review materials should clarify how the building is currently configured, what income (if any) is being generated, and what ongoing expenses apply. An on-site inspection and lease review, where applicable, will help determine suitability for your investment strategy and timeline.
The property is located at 1828 Pitkin Street in Aurora, within Adams County. For prospective buyers and their representatives, confirming access, utilities, and any existing leases or operating history should be part of the standard evaluation process.
From a tenant and buyer perspective, this offering can be reviewed as a residential income opportunity within the Aurora market. If you are evaluating the property for acquisition, review materials should clarify how the building is currently configured, what income (if any) is being generated, and what ongoing expenses apply. An on-site inspection and lease review, where applicable, will help determine suitability for your investment strategy and timeline.
Key Highlights
- Year built 2022
- Forced‑air heating
- Kitchen includes a kitchen island
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $31.3k | $23.28 |
| − Vacancy | −$1.9k | −$1.44 |
| EGI | $29.3k | $21.84 |
| − OpEx | −$13.2k | −$9.83 |
| NOI | $16.1k | $12.01 |
1,344 SF · lease $23.28/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$230.6K
$201.8K – $269.0K
NOI $16,142 @ 7.0% cap · market cap 8.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$310.0K
$271.2K – $361.7K
NOI $21,699 @ 7.0% cap · market cap 11.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
219
Businesses Nearby
Explore this area
Business Placement
Demographics for 80011, CO
54,254
Population
19,108
Households
2.8
Avg Household Size
32
Median Age
19%
College-Educated
76%
High-School Grad
20.4 sq mi
ZIP Area
2,660
Density / Sq Mi
$69,719
Median Household Income
$36,853
Median Earnings
$1,607
Median Rent
$367,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mobile home & RV park - For-sale residential income property in Adams County, offering a straightforward option for income-oriented buyers.
Where is this mobile home & rv park located?
The property is located at 1828 Pitkin Street Aurora, CO.
What is the asking price?
The asking price for this property is $189,000.
What are key features of this property?
This property features: Year built 2022; Forced‑air heating; Kitchen includes a kitchen island
