Two-Story Duplex with
New
For Sale
$400,000
21891 E 7th Ave, Aurora, CO 80018
Residential, Aurora, CO
Property Size1,560 SF
Lot Size0.06 Acres
Price / SF$256.41
Days on Market6
Property Features for 21891 E 7th Ave
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R1
Bedrooms
3
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Laundry Room, Dining Room, Bedroom 3, Bedroom 2, Laundry Room, Bathroom 3, Bathroom 1, Bedroom 1, Bathroom 2
Interior features
Eat-in Kitchen, Open Floorplan, Walk-In Closet(s), Kitchen Island
Fencing
Fenced
Appliances
Gas Range, Dishwasher, Refrigerator, Dryer, Microwave
Subdivision
Horizon Uptown Sub Flg 2
Lot features
Paved
Elementary school
Vista Peak
Middle school
Vista Peak
High school
Vista Peak
Elementary school district
Adams-Arapahoe 28J
Middle school district
Adams-Arapahoe 28J
High school district
Adams-Arapahoe 28J
Standard status
Active
APN
1975-01-3-11-008
Size
1,560 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5205
Utilities
Utilities
Cable Available
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
2021
Floors in Building
2
Building materials
Wood Siding
Listing Agency:
eXp Realty LLC
(888) 440-2724
Listed By:
Kimberly Austin · License #40030051
(303) 558-2301
Added: Aug 26
Changed: Aug 28
Last Checked: Aug 31 at 3:06PM
MLS# 1067468
Copyright © 2026 IRES MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2021-built duplex includes a 3-bedroom, 3-bath residence with 1,560 square feet arranged across two levels. Fresh interior paint, vinyl flooring on the main floor, carpet upstairs, and a fenced lot provide practical everyday functionality. The kitchen includes granite countertops, an island, an eat-in area, generous cabinetry, a gas range, dishwasher, refrigerator, and microwave. Quartz-finished bathroom counters complement the updated interior, while a laundry room and walk-in closet add utility. Forced-air heating and central air conditioning serve the home, and the attached garage accommodates two vehicles along with storage needs.
The property is located in Aurora, CO 80018, with access to E-470, I-70, DIA, Buckley Space Force Base, Aurora Highlands, Murphy Creek Golf Course, parks, trails, schools, shopping, and dining. The 0.06-acre site also includes cable availability and wood siding.
The property is located in Aurora, CO 80018, with access to E-470, I-70, DIA, Buckley Space Force Base, Aurora Highlands, Murphy Creek Golf Course, parks, trails, schools, shopping, and dining. The 0.06-acre site also includes cable availability and wood siding.
Key Highlights
- Duplex residence with 3 bedrooms, 3 baths, and 1,560 square feet
- Built in 2021 on a 0.06‑acre lot in Aurora, CO 80018
- Attached 2‑car garage with fenced property
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
$22,424
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
5.61%
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%
$448,480
$448.5K
Cap Rate 7%
$320,343
$320.3K
Cap Rate 9%
$249,156
$249.2K
Market Conditions
NOI Build-Up for 1,560 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
$34.6K $22.20/SF
− Vacancy
−$2.6K −$1.67/SF
EGI
$32.0K $20.54/SF
− OpEx
−$9.6K −$6.16/SF
NOI
$22.4K $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%
$448,480
Cap Rate 7%
$320,343
Cap Rate 9%
$249,156
Alternative Uses
Best Use
Multifamily LT 5
$320.3K
$280.3K – $373.7K
NOI $22,424 @ 7.0% cap · market cap 5.61%
Second Best
Apartment 5plus
$297.5K
$260.3K – $347.1K
NOI $20,823 @ 7.0% cap · market cap 5.21%
Theoretical Best
Office A
$435.9K
$381.4K – $508.6K
NOI $30,514 @ 7.0% cap · market cap 7.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
33
Businesses Nearby
Explore this area
Business Placement
Demographics for 80018, CO
16,106
Population
5,919
Households
2.7
Avg Household Size
34
Median Age
40%
College-Educated
93%
High-School Grad
35.4 sq mi
ZIP Area
455
Density / Sq Mi
$127,390
Median Household Income
$60,104
Median Earnings
$2,542
Median Rent
$558,800
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 - Updated east Aurora residence with granite kitchen counters, quartz bathroom finishes, and an attached two-car garage.
Where is this duplex located?
The property is located at 21891 E 7th Ave Aurora, CO.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Duplex residence with 3 bedrooms, 3 baths, and 1,560 square feet; Built in 2021 on a 0.06‑acre lot in Aurora, CO 80018; Attached 2‑car garage with fenced property
