Aurora Multifamily Investment
1933 Dallas Street Denver, CO 80010
For Sale
$1,025,000
Eight-unit apartment building in Aurora's redevelopment area, near Anschutz Medical Campus.
Property Size3,978 SF
Price / SF$257.67
Days on Market426
Property Features for 1933 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
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
Investment Insights
Based on property information with market context.
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.
Key Highlights
- Seller financing available with flexible terms.
- Eight‑unit apartment building in Aurora redevelopment area.
- Close proximity (2.8 miles) to Anschutz Medical Campus.
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 authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
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 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 redevelopment area.; Close proximity (2.8 miles) to Anschutz Medical Campus.
