Aurora Multifamily Investment
For Sale
$1,025,000
1923 Dallas Street, Denver, CO 80010
Eight-unit apartment building near Anschutz Medical Campus in Aurora.
Property Size3,978 SF
Price / SF$257.67
Days on Market509
Property Features for 1923 Dallas Street
General Information
Standard status
Active
Size
3,978 SF
Taxes and HOA fees
Annual Taxes
$8,975
Building Details
Year Built
1957
Listing Agency:
RE/MAX ALLIANCE
Listed By:
SALLY ANN WARREN · License #FA100002400
(720) 530-5661
Source:
Corcoran
Added: May 28, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,400
Cap Rate
5.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,208,000
$1.2M
Cap Rate 7%
$862,857
$862.9K
Cap Rate 9%
$671,111
$671.1K
Market Conditions
NOI Build-Up for 3,978 SF
Gross rent
$117.0K $29.40/SF
− Vacancy
−$7.1K −$1.79/SF
EGI
$109.8K $27.61/SF
− OpEx
−$49.4K −$12.42/SF
NOI
$60.4K $15.18/SF
Area
Denver, CO
Vacancy
6.10%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,208,000
Cap Rate 7%
$862,857
Cap Rate 9%
$671,111
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 authorities.
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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
Frequently Asked Questions
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 Denver, 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).
