Energy-Efficient
For Sale
$435,000
20407 E 56th Pl, Aurora, CO 80019
Paired-home design with an Energy Star certification, efficient systems, and a fenced side yard.
Property Size1,755 SF
Days on Market145
Property Features for 20407 E 56th Pl
General Information
Standard status
Active
Size
1,755 SF
Property subtype
Duplex
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,859
Amenities
Energy Star-certified
tankless water heater
energy-efficient appliances
kitchen island
Moen faucets
vinyl plank flooring
fully fenced side yard
Building Details
Building Size
1,755 SF
Year Built
2026
Buildings
1
Listing Agency:
MB Team Lassen
Listed By:
Team Lassen
(303) 668-7007
Source:
Corken
Added: Apr 23
Changed: Sep 12
Last Checked: Sep 13 at 11:18AM
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 MB Team Lassen
Investment Insights
Based on property information with market context.
This 2026-built duplex features a paired-home design with Energy Star certification and a selection of modern interior improvements. The kitchen includes a large island, GE appliances, and Moen faucets, while vinyl plank flooring runs throughout the residence. A tankless water heater adds to the home's efficient systems, and the fully fenced side yard provides defined outdoor space.
The property is located in the Painted Prairie community and was built by KB Home. The combination of energy-conscious equipment, updated finishes, and a fenced yard creates a practical residential income property with a clearly defined layout and contemporary features.
The property is located in the Painted Prairie community and was built by KB Home. The combination of energy-conscious equipment, updated finishes, and a fenced yard creates a practical residential income property with a clearly defined layout and contemporary features.
Key Highlights
- 2026‑built paired‑home duplex in Painted Prairie
- Energy Star‑certified residence with a tankless water heater
- Kitchen includes a spacious island and energy‑efficient GE appliances
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,227
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.80%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$504,540
$504.5K
Cap Rate 7%
$360,386
$360.4K
Cap Rate 9%
$280,300
$280.3K
Market Conditions
NOI Build-Up for 1,755 SF
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.
Gross rent
$39.0K $22.20/SF
− Vacancy
−$2.9K −$1.67/SF
EGI
$36.0K $20.54/SF
− OpEx
−$10.8K −$6.16/SF
NOI
$25.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$504,540
Cap Rate 7%
$360,386
Cap Rate 9%
$280,300
Alternative Uses
Best Use
Multifamily LT 5
$360.4K
$315.3K – $420.5K
NOI $25,227 @ 7.0% cap · market cap 5.80%
Second Best
Apartment 5plus
$334.7K
$292.8K – $390.4K
NOI $23,426 @ 7.0% cap · market cap 5.39%
Theoretical Best
Office A
$490.4K
$429.1K – $572.1K
NOI $34,328 @ 7.0% cap · market cap 7.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
64
Businesses Nearby
Explore this area
Business Placement
Demographics for 80019, CO
3,865
Population
1,955
Households
2
Avg Household Size
33
Median Age
32%
College-Educated
87%
High-School Grad
28.1 sq mi
ZIP Area
138
Density / Sq Mi
$117,420
Median Household Income
$49,857
Median Earnings
$1,242
Median Rent
$529,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Paired-home design with an Energy Star certification, efficient systems, and a fenced side yard.
Where is this duplex located?
The property is located at 20407 E 56th Pl Aurora, CO.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: 2026‑built paired‑home duplex in Painted Prairie; Energy Star‑certified residence with a tankless water heater; Kitchen includes a spacious island and energy‑efficient GE appliances
