Three-Bedroom Duplex with
For Sale
$444,900
20876 E 61st Dr, Aurora, CO 80019
Move-in-ready residence with granite-finished kitchen, loft, patio, and attached garage.
Property Size1,721 SF
Days on Market77
Property Features for 20876 E 61st Dr
General Information
Standard status
Active
Size
1,721 SF
Total Parking Spaces
2
Property subtype
Duplex
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 3BR/3BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$6,196
Amenities
HOA-maintained front lawn care
neighborhood parks
trails
playgrounds
snow removal
trash service
recycling
community events
xeriscaping
custom concrete patio
Building Details
Building Size
1,721 SF
Year Built
2022
Buildings
1
Listing Agency:
Serhant Colorado LLC
(720) 525-8292
Listed By:
Liz Thompson
(720) 525-8292
Source:
Corken
Added: Jun 16
Changed: Aug 31
Last Checked: Aug 30 at 11:19PM
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 Serhant Colorado LLC
Investment Insights
Based on property information with market context.
This 2022 duplex property features a three-bedroom, three-bathroom residence with an open main level, 9' ceilings, and a family room connected to the kitchen. The kitchen includes granite countertops, a gas range, natural-finish cabinetry, and under-stair storage. Upstairs are a loft, two secondary bedrooms, a full bathroom, and a dedicated laundry room. The primary suite adds a walk-in closet, flexible bonus space, and an ensuite with dual sinks and granite countertops. A low-maintenance xeriscaped backyard, custom concrete patio, and attached two-car garage with overhead storage complete the property.
Located in Painted Prairie, the home benefits from HOA-maintained front lawn care, parks, trails, playgrounds, snow removal, trash service, recycling, and community events. The property offers access to DIA, E-470, the Anschutz Medical Campus, and downtown. Planned and anticipated retail additions include Super Target, Marketplace King Soopers, ALDI, and other dining and shopping options.
Located in Painted Prairie, the home benefits from HOA-maintained front lawn care, parks, trails, playgrounds, snow removal, trash service, recycling, and community events. The property offers access to DIA, E-470, the Anschutz Medical Campus, and downtown. Planned and anticipated retail additions include Super Target, Marketplace King Soopers, ALDI, and other dining and shopping options.
Key Highlights
- 2022‑built duplex property with a three‑bedroom, three‑bathroom residence
- Granite kitchen countertops, gas range, natural‑finish cabinets, and under‑stair storage
- 9' ceilings, loft, dedicated laundry room, and oversized primary suite
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
$24,739
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
5.56%
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%
$494,780
$494.8K
Cap Rate 7%
$353,414
$353.4K
Cap Rate 9%
$274,878
$274.9K
Market Conditions
NOI Build-Up for 1,721 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
$38.2K $22.20/SF
− Vacancy
−$2.9K −$1.67/SF
EGI
$35.3K $20.54/SF
− OpEx
−$10.6K −$6.16/SF
NOI
$24.7K $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%
$494,780
Cap Rate 7%
$353,414
Cap Rate 9%
$274,878
Alternative Uses
Best Use
Multifamily LT 5
$353.4K
$309.2K – $412.3K
NOI $24,739 @ 7.0% cap · market cap 5.56%
Second Best
Apartment 5plus
$328.2K
$287.2K – $382.9K
NOI $22,972 @ 7.0% cap · market cap 5.16%
Theoretical Best
Office A
$480.9K
$420.8K – $561.1K
NOI $33,663 @ 7.0% cap · market cap 7.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
127
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Move-in-ready residence with granite-finished kitchen, loft, patio, and attached garage.
Where is this duplex located?
The property is located at 20876 E 61st Dr Aurora, CO.
What is the asking price?
The asking price for this property is $444,900.
What are key features of this property?
This property features: 2022‑built duplex property with a three‑bedroom, three‑bathroom residence; Granite kitchen countertops, gas range, natural‑finish cabinets, and under‑stair storage; 9' ceilings, loft, dedicated laundry room, and oversized primary suite
