Aurora Multifamily Investment
For Sale
$2,130,000
2350 S Linden Court, Denver, CO 80222
Two Aurora buildings near Anschutz Medical Campus, ideal for investors.
Property Size5,456 SF
Price / SF$390.40
Days on Market509
Property Features for 2350 S Linden Court
General Information
Standard status
Active
Size
5,456 SF
Taxes and HOA fees
Annual Taxes
$4,898
Building Details
Year Built
1978
Listing Agency:
HOMESMART
Listed By:
SHERRY SCHOENBERGER
Source:
Corcoran
Added: May 28, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
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 HOMESMART
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Investment Insights
Based on property information with market context.
This portfolio bundle features two buildings located side by side in Aurora. The properties, located at 14200 E. 22nd Pl and 14220 E. 22nd Pl, offer a combined total of six units. The first building contains three units with a configuration of 5 bedrooms/2 bathrooms, 5 bedrooms/2 bathrooms, and 4 bedrooms/2 bathrooms. The second building also contains three units, configured as 5 bedrooms/2 bathrooms, 4 bedrooms/2 bathrooms, and 4 bedrooms/2 bathrooms. Each building has 5456 square feet. The properties are located close to Anschutz Medical Campus and various amenities. These low-maintenance brick buildings are suitable for large families, blended families, or mother-in-law housing. Each unit includes a refrigerator, range, microwave, and washer/dryer, along with a fully finished basement, covered front porch, and fenced backyard. Each building has detached garages, plus street parking. There is no HOA. The properties feature newer paint and flooring, a new boiler in one unit, and newer double-pane windows and a sewer line in one building. Most units have tenants who pay for electric and gas. There is potential for added rental income from the garages and RUBS for water and trash. Beginning June 1, all units will be occupied. These two properties can also be sold separately.
Key Highlights
- Portfolio bundle: Two side‑by‑side buildings in Aurora offer immediate investment opportunity.
- Six total units with a mix of 4 and 5‑bedroom configurations, suitable for various tenant profiles.
- Each unit includes desirable amenities: refrigerator, range, microwave, washer/dryer, fully finished basements, covered front porches, and fenced backyards.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$82,842
Cap Rate
3.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,656,840
$1.7M
Cap Rate 7%
$1,183,457
$1.2M
Cap Rate 9%
$920,467
$920.5K
Market Conditions
NOI Build-Up for 5,456 SF
Gross rent
$160.4K $29.40/SF
− Vacancy
−$9.8K −$1.79/SF
EGI
$150.6K $27.61/SF
− OpEx
−$67.8K −$12.42/SF
NOI
$82.8K $15.18/SF
Area
Denver, CO
Vacancy
6.10%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,656,840
Cap Rate 7%
$1,183,457
Cap Rate 9%
$920,467
Alternative Uses
Best Use
Apartment 5plus
$1.18M
$1.04M – $1.38M
NOI $82,842 @ 7.0% cap · market cap 3.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.74M
$1.52M – $2.03M
NOI $121,579 @ 7.0% cap · market cap 5.71%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,086
Businesses Nearby
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Business Placement
Demographics for 80222, CO
22,381
Population
11,625
Households
1.9
Avg Household Size
38
Median Age
57%
College-Educated
96%
High-School Grad
3.8 sq mi
ZIP Area
5,890
Density / Sq Mi
$85,354
Median Household Income
$57,833
Median Earnings
$1,715
Median Rent
$596,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Two Aurora buildings near Anschutz Medical Campus, ideal for investors.
Where is this apartment building located?
The property is located at 2350 S Linden Court Denver, CO.
What is the asking price?
The asking price for this property is $2,130,000.
What are key features of this property?
This property features: Portfolio bundle: Two side‑by‑side buildings in Aurora offer immediate investment opportunity.; Six total units with a mix of 4 and 5‑bedroom configurations, suitable for various tenant profiles.; Each unit includes desirable amenities: refrigerator, range, microwave, washer/dryer, fully finished basements, covered front porches, and fenced backyards.
