Two-Story Duet Residential Income
For Sale
$400,990
22413 E 46th Ave, Aurora, CO 80019
Modern duet home with an open layout, private primary suite, attached garage, and low-maintenance interior finishes.
Property Size1,448 SF
Price / SF$276.93
Days on Market101
Property Features for 22413 E 46th Ave
General Information
Standard status
Active
Size
1,448 SF
Total Parking Spaces
2
Property subtype
Duplex
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,654
Building Details
Building Size
1,448 SF
Year Built
2026
Buildings
1
Stories
2
Listing Agency:
Oakwood Homes Real Estate LLC
Listed By:
Layson Smyer
(303) 226-9472
Source:
Corken
Added: May 26
Changed: Aug 29
Last Checked: Sep 2 at 12:53AM
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 Oakwood Homes Real Estate LLC
Investment Insights
Based on property information with market context.
This two-story duet home offers 1,448 square feet arranged around an open-concept main level. The residence includes three bedrooms, 2/2.5 baths, a two-car alley-load insulated garage, and a dedicated laundry area. Interior details include LVP flooring, Shaw carpeting, Delta faucets, Sherwin-Williams paint, and a kitchen with a dining island, sleek countertops, and substantial pantry storage.
Upstairs, the primary suite features a walk-in closet and spa shower, complemented by two additional bedrooms. The home is designed with energy-efficiency measures intended to support year-round comfort and reduced maintenance. Located at 22413 E 46th Ave in Aurora, Colorado, the property has a 2026 build year.
Upstairs, the primary suite features a walk-in closet and spa shower, complemented by two additional bedrooms. The home is designed with energy-efficiency measures intended to support year-round comfort and reduced maintenance. Located at 22413 E 46th Ave in Aurora, Colorado, the property has a 2026 build year.
Key Highlights
- Two‑story duet home with 1,448 square feet of living space
- Three bedrooms and 2/2.5 baths
- Two‑car alley‑load insulated garage
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
$19,328
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
4.82%
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%
$386,560
$386.6K
Cap Rate 7%
$276,114
$276.1K
Cap Rate 9%
$214,756
$214.8K
Market Conditions
NOI Build-Up for 1,448 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
$37.7K $26.04/SF
− Vacancy
−$2.6K −$1.77/SF
EGI
$35.1K $24.27/SF
− OpEx
−$15.8K −$10.92/SF
NOI
$19.3K $13.35/SF
Area
Aurora, CO
Vacancy
6.80%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
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%
$386,560
Cap Rate 7%
$276,114
Cap Rate 9%
$214,756
Alternative Uses
Best Use
Apartment 5plus
$276.1K
$241.6K – $322.1K
NOI $19,328 @ 7.0% cap · market cap 4.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$404.6K
$354.0K – $472.1K
NOI $28,323 @ 7.0% cap · market cap 7.06%
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Modern duet home with an open layout, private primary suite, attached garage, and low-maintenance interior finishes.
Where is this residential income property located?
The property is located at 22413 E 46th Ave Aurora, CO.
What is the asking price?
The asking price for this property is $400,990.
What are key features of this property?
This property features: Two‑story duet home with 1,448 square feet of living space; Three bedrooms and 2/2.5 baths; Two‑car alley‑load insulated garage
