Building Details

Building Size 3,312 SF

Year Built 1956

Buildings 1

Construction brick and frame

Listing Agency: Coldwell Banker Realty 18

Listed By: Vinh Lam Show Phone

Source: Corken

Added: Aug 20 Changed: Oct 13 Last Checked: Oct 15 at 6:10AM

Report an Issue

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 Coldwell Banker Realty 18

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

Built in 1956, this brick-and-frame triplex contains three fully renovated residences arranged on one level. The unit mix includes two two-bedroom, one-bath homes and one three-bedroom, one-bath home. Each residence has naturally lit living areas, a functional kitchen with cabinet storage, and practical bedroom layouts. The larger three-bedroom unit includes a full-sized kitchen and may accommodate an owner-occupant arrangement while the other residences remain available for rental use.

The property includes dedicated off-street parking and low-maintenance grounds. It is located near Central Park, Fitzsimons Medical Campus, Stanley Marketplace, and The Shops at Northfield, with access to East Colfax Avenue and I-225. Downtown Denver, Anschutz Medical Campus, and Denver International Airport are also identified as accessible destinations. Walk Score is 55, Bike Score is 68, and Transit Score is 50.

Key Highlights

• Three‑unit property with two 2‑bedroom, 1‑bath residences and one 3‑bedroom, 1‑bath residence
• All three units renovated and arranged on a single level
• Brick‑and‑frame construction; built in 1956

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$47,608

Cap Rate

7.05%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$952,160 $952.2K

Cap Rate 7%

$680,114 $680.1K

Cap Rate 9%

$528,978 $529.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,312 SF

Gross rent

$73.5K $22.20/SF

− Vacancy

−$5.5K −$1.67/SF

EGI

$68.0K $20.54/SF

− OpEx

−$20.4K −$6.16/SF

NOI

$47.6K $14.37/SF

Area

Aurora, CO

Vacancy

7.50%

Lease Rate

$22.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$952,160

Cap Rate 7%

$680,114

Cap Rate 9%

$528,978

Alternative Uses

Best Use

Multifamily LT 5

$680.1K

$595.1K – $793.5K (±1% cap)

NOI $47,608 @ 7.0% cap · market cap 7.05%

Second Best

Apartment 5plus

$631.6K

$552.6K – $736.8K (±1% cap)

NOI $44,209 @ 7.0% cap · market cap 6.55%

Theoretical Best

Office A

$925.5K

$809.8K – $1.08M (±1% cap)

NOI $64,783 @ 7.0% cap · market cap 9.60%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Pharmacy Building Supply Big Box & Wholesale Store Law Firm HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3

Residential units

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

1,135

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

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Similar For Sale Nearby

See more

Aurora Triplex: Investment Opportunity

1321 Sable Boulevard, Aurora, CO 80011

$725,000

3,993 SF

View details

Aurora Triplex: Investor Opportunity

14220 E 22nd Pl, Aurora, CO 80011

$975,000

5,276 SF

View details

Renovated Triplex

14240 E 22nd Pl, Aurora, CO 80011

$1,100,000

View details

Occupied Triplex with Three Units

1678 Chester Street, Aurora, CO 80010

$480,000

View details

Multifamily Property with Basement

1612 Alton St, Aurora, CO 80010

$674,900

3,024 SF

View details

Aurora Retail Investment Opportunity

1417 Havana Street, Aurora, CO 80010

$875,000

3,313 SF

View details

Industrial/Flex Condo with Roll-Up Door

350 & 352 Norfolk Street, Aurora, CO 80011

$625,000

2,950 SF

View details

Ranch-Style Residential Income Property

10800 E 4th Way, Aurora, CO 80010

$799,000

2,992 SF

View details

5-Unit Apartment Building

1735 Chester Street, Aurora, CO 80010

$765,000

View details

Mixed-Use Building on Colfax Avenue

11075 E Colfax Avenue, Aurora, CO 80010

$1,295,000

View details

Brick Fourplex with Updated Units

1480 Boston Street, Aurora, CO 80010

$798,000

2,704 SF

View details

Renovated Quadplex with In-Unit Laundry

11036 E 4th Way, Aurora, CO 80010

$1,025,000

3,692 SF

View details

Frequently Asked Questions

What type of property is this?

Triplex - Three single-level residences provide a two-bedroom and three-bedroom unit mix with off-street parking.

Where is this triplex located?

The property is located at 1981 Alton Street Aurora, CO.

What is the asking price?

The asking price for this property is $675,000.

What are key features of this property?

This property features: Three‑unit property with two 2‑bedroom, 1‑bath residences and one 3‑bedroom, 1‑bath residence; All three units renovated and arranged on a single level; Brick‑and‑frame construction; built in 1956