Aurora Multifamily Investment
1933 Dallas Street, Aurora, CO 80010
Eight-unit apartment building in Aurora's redevelopment area, near Anschutz Medical Campus.
Property size:
3,978 SFPrice / SF:
$257/SF- Added:
- May 28, 2025
- Days on Market:
- 369
- Last Refresh:
- Mar 16 at 9:09 am
Property Features for 1933 Dallas Street
General Information
- Standard status
- Active
- Size
- 3,978 SF
Building Details
- Year Built
- 1957
Listing agent SALLY ANN WARREN License #FA100002400
Listing office RE/MAX ALLIANCE (720) 530-5661
Listing date May 28, 2025
Source Corcoran
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
HighLights
- Seller financing available with flexible terms.
- Eight‑unit apartment building in Aurora redevelopment area.
- Close proximity (2.8 miles) to Anschutz Medical Campus.
- Potential for increased rental revenue through unit remodeling.
- Pro‑forma analysis indicates a potential 7% or more cap rate.
- Located adjacent to Montview Redevelopment District and proposed Dayton Street concept.
Overview
An eight-unit apartment building located in the Aurora redevelopment area presents an investment opportunity. Situated approximately 2.8 miles from the Anschutz Medical Campus, the property is positioned in a locale experiencing revitalization. Several units have been updated to increase rental revenues. Remodeling the remaining units could potentially maximize revenues. The property is located adjacent to the Montview Redevelopment District and the proposed Dayton Street concept. Dallas Street is suitable for workforce housing and residents seeking an affordable lifestyle with proximity to Central Denver. The building has a property size of 3978 square feet.
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 Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Aurora
- County
- Arapahoe
- State
- Colorado
- Longitude
- -104.877
- Latitude
- 39.7463
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Eight-unit apartment building in Aurora's redevelopment area, near Anschutz Medical Campus.
Where is this apartment building located?
The property is located at 1933 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 redevelopment area.; Close proximity (2.8 miles) to Anschutz Medical Campus.
