Duplex Property with Private
For Sale
$415,000
23527 E 5th Pl, Aurora, CO 80018
2021-built residence with an open layout, attached two-car garage, and community amenities.
Property Size1,534 SF
Days on Market59
Property Features for 23527 E 5th Pl
General Information
Standard status
Active
Size
1,534 SF
Total Parking Spaces
2
Property subtype
Duplex
Additional Details
Highway Access
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,055
Amenities
pool
clubhouse
park
basketball court
Building Details
Building Size
1,534 SF
Year Built
2021
Listing Agency:
ZBell, LLC
Listed By:
Zaynab Sepahi · License #4830715
(720) 299-9145
Source:
Corken
Added: Jul 18
Changed: Sep 7
Last Checked: Sep 13 at 10:59AM
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 ZBell, LLC
Investment Insights
Based on property information with market context.
This 2021-built duplex property offers a three-bedroom, three-bathroom residence with an open-concept main level, high ceilings, and abundant natural light. The kitchen includes stainless steel appliances and ample cabinetry, with direct connection to the living area. A private patio extends the usable living space, while the upper level contains the primary suite with a walk-in closet and en-suite bath, two additional bedrooms, a full bathroom, and a laundry room. An oversized two-car garage provides dedicated parking and storage.
The property is located minutes from Denver International Airport, I-70, shopping, dining, and parks, with access to Downtown Denver. Community amenities include a pool, clubhouse, park, and basketball court. The HOA covers water, sewer, and snow removal. A roof replacement was completed in June 2025.
The property is located minutes from Denver International Airport, I-70, shopping, dining, and parks, with access to Downtown Denver. Community amenities include a pool, clubhouse, park, and basketball court. The HOA covers water, sewer, and snow removal. A roof replacement was completed in June 2025.
Key Highlights
- Duplex classification with a 2021 construction year
- Three bedrooms and three bathrooms with an open‑concept floor plan
- Private patio and oversized two‑car 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
$22,050
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
5.31%
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%
$441,000
$441.0K
Cap Rate 7%
$315,000
$315.0K
Cap Rate 9%
$245,000
$245.0K
Market Conditions
NOI Build-Up for 1,534 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
$34.1K $22.20/SF
− Vacancy
−$2.6K −$1.67/SF
EGI
$31.5K $20.54/SF
− OpEx
−$9.5K −$6.16/SF
NOI
$22.1K $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%
$441,000
Cap Rate 7%
$315,000
Cap Rate 9%
$245,000
Alternative Uses
Best Use
Multifamily LT 5
$315.0K
$275.6K – $367.5K
NOI $22,050 @ 7.0% cap · market cap 5.31%
Second Best
Apartment 5plus
$292.5K
$256.0K – $341.3K
NOI $20,476 @ 7.0% cap · market cap 4.93%
Theoretical Best
Office A
$428.6K
$375.1K – $500.1K
NOI $30,005 @ 7.0% cap · market cap 7.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
53
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - 2021-built residence with an open layout, attached two-car garage, and community amenities.
Where is this duplex located?
The property is located at 23527 E 5th Pl Aurora, CO.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Duplex classification with a 2021 construction year; Three bedrooms and three bathrooms with an open‑concept floor plan; Private patio and oversized two‑car garage
