Duplex With Paid-Off
For Sale
$469,900
21331 E 60th Ave, Aurora, CO 80019
Two-story property with flexible interior space, fenced outdoor area, and access to parks and walking trails.
Property Size1,758 SF
Price / SF$192.58
Days on Market18
Property Features for 21331 E 60th Ave
General Information
Standard status
Active
Size
1,758 SF
Total Parking Spaces
2
Property subtype
Duplex
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$6,489
Building Details
Building Size
1,758 SF
Year Built
2021
Buildings
1
Stories
2
Listing Agency:
eXp Realty, LLC
(303) 668-5433
Listed By:
Barry Overton · License #40023573
(303) 668-5433
Source:
Corken
Added: Aug 14
Changed: Aug 30
Last Checked: Aug 31 at 12:48AM
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 eXp Realty, LLC
Investment Insights
Based on property information with market context.
This two-story duplex, built in 2021, offers 2,440 square feet with three bedrooms, two full bathrooms, and one half bathroom. Interior features include an open living area, wood-finish flooring, recessed lighting, a kitchen with stone countertops, a central island, stainless steel appliances, and substantial cabinetry. A study and loft add usable space, while the unfinished basement can serve as storage or be finished for additional accommodation. The property also includes a two-car garage and fenced backyard.
The home is located in the Painted Prairie community of Aurora, Colorado, where residents have access to green spaces, parks, and walking trails. A solar system is scheduled to be paid off at closing, allowing the new owner to produce energy without a solar payment. The combination of recent construction, multiple interior areas, garage parking, and outdoor space provides a broad residential layout within the community.
The home is located in the Painted Prairie community of Aurora, Colorado, where residents have access to green spaces, parks, and walking trails. A solar system is scheduled to be paid off at closing, allowing the new owner to produce energy without a solar payment. The combination of recent construction, multiple interior areas, garage parking, and outdoor space provides a broad residential layout within the community.
Key Highlights
- 2,440 square feet with three bedrooms, two full bathrooms, and one half bathroom
- Built in 2021 with a two‑story layout
- Solar system paid off at closing
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
$35,074
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
7.46%
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%
$701,480
$701.5K
Cap Rate 7%
$501,057
$501.1K
Cap Rate 9%
$389,711
$389.7K
Market Conditions
NOI Build-Up for 2,440 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
$54.2K $22.20/SF
− Vacancy
−$4.1K −$1.67/SF
EGI
$50.1K $20.54/SF
− OpEx
−$15.0K −$6.16/SF
NOI
$35.1K $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%
$701,480
Cap Rate 7%
$501,057
Cap Rate 9%
$389,711
Alternative Uses
Best Use
Multifamily LT 5
$501.1K
$438.4K – $584.6K
NOI $35,074 @ 7.0% cap · market cap 7.46%
Second Best
Apartment 5plus
$465.3K
$407.1K – $542.8K
NOI $32,569 @ 7.0% cap · market cap 6.93%
Theoretical Best
Office A
$681.8K
$596.6K – $795.4K
NOI $47,726 @ 7.0% cap · market cap 10.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-story property with flexible interior space, fenced outdoor area, and access to parks and walking trails.
Where is this duplex located?
The property is located at 21331 E 60th Ave Aurora, CO.
What is the asking price?
The asking price for this property is $469,900.
What are key features of this property?
This property features: 2,440 square feet with three bedrooms, two full bathrooms, and one half bathroom; Built in 2021 with a two‑story layout; Solar system paid off at closing
