Aurora Multifamily Investment
1923 Dallas Street Aurora, CO 80010
1923 Dallas Street, Aurora, CO, 80010
$1,025,000
For Sale
$1,025,000
Eight-unit apartment building near Anschutz Medical Campus in Aurora.
Property Size3,978 SF
Price / SF$257.67
Days on Market416
Property Features for 1923 Dallas Street
General Information
- Standard status
- Active
- Size
- 3,978 SF
Building Details
- Year Built
- 1957
Listing Agency
RE/MAX ALLIANCE
(720) 530-5661
Listed by
SALLY ANN WARREN · License #FA100002400
Source
Corcoran
Added: May 28, 2025 Checked: Mar 16 at 9:09 am
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 RE/MAX ALLIANCE
Investment Insights
Based on property information with market context.
This is an eight-unit apartment building located in the Aurora redevelopment area, approximately 2.8 miles from the Anschutz Medical Campus. The property presents an investment opportunity in a growing locale. Several units have been updated to increase rental revenues. Remodeling the remaining units could further maximize revenues. The property is located adjacent to the Montview Redevelopment District and the proposed Dayton Street concept. Dallas St is ideally located for workforce housing and residents looking to live an affordable lifestyle and still be close to Central Denver. The building has a total size of 3978 square feet.
Key Highlights
- Seller financing available with flexible terms.
- Eight‑unit apartment building in Aurora's redevelopment area.
- Proximity to Anschutz Medical Campus (2.8 miles).
Local 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 | $117.0k | $29.40 |
| − Vacancy | −$7.1k | −$1.79 |
| EGI | $109.8k | $27.61 |
| − OpEx | −$49.4k | −$12.42 |
| NOI | $60.4k | $15.18 |
3,978 SF · lease $29.40/SF/yr · vacancy 6.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$862.9K
$755.0K – $1.01M
NOI $60,400 @ 7.0% cap · market cap 5.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,644 @ 7.0% cap · market cap 8.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Eight-unit apartment building near Anschutz Medical Campus in Aurora.
Where is this apartment building located?
The property is located at 1923 Dallas Street Aurora, CO.
What is the asking price?
The asking price for this property is $1,025,000.
What are key features of this property?
This property features: Seller financing available with flexible terms.; Eight‑unit apartment building in Aurora's redevelopment area.; Proximity to Anschutz Medical Campus (2.8 miles).
