Duplex with Finished
For Sale
$429,000
Pending
2436 S Scranton Way, Aurora, CO 80014
Fresh paint, vaulted great room ceilings, central air, and a full unfinished basement add practical residential features.
Property Size1,489 SF
Days on Market20
Property Features for 2436 S Scranton Way
General Information
Standard status
Pending
Size
1,489 SF
Property subtype
Duplex
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,829
Amenities
electric retractable patio awning
vaulted ceilings
gas fireplace
internal mini blinds
attic fan
central air conditioning
loft
jack shaft garage opener
finished garage
community park
full unfinished basement
Building Details
Building Size
1,489 SF
Year Built
1999
Listing Agency:
Transmarket Properties
(303) 913-1212
Listed By:
Kent Widmar
(303) 913-1212
Source:
Guidere
Added: Aug 12
Changed: Aug 28
Last Checked: Aug 30 at 11:22PM
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 Transmarket Properties
Investment Insights
Based on property information with market context.
Built in 1999, this duplex features fresh interior paint and a functional mix of indoor and outdoor amenities. The main great room has vaulted ceilings and a three-sided gas fireplace, while patio doors include internal mini blinds. A loft overlooks the great room and connects with an upper bath and bedroom. Central air serves the home, and a heavy-duty attic fan helps move warm air from the second floor.
The property also includes a full unfinished basement with storage, a finished garage, and a jackshaft garage opener without chains or belts. Outside, a full-width electric retractable patio awning covers the west-facing patio. Cherry Creek Schools are designated for the area, and the community includes a centrally located park for residents and pets. The property is near DIA airport, shopping, and restaurants.
The property also includes a full unfinished basement with storage, a finished garage, and a jackshaft garage opener without chains or belts. Outside, a full-width electric retractable patio awning covers the west-facing patio. Cherry Creek Schools are designated for the area, and the community includes a centrally located park for residents and pets. The property is near DIA airport, shopping, and restaurants.
Key Highlights
- Duplex property built in 1999
- Vaulted great room ceilings with a 3‑sided gas fireplace
- Full unfinished basement with storage
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
$21,404
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
4.99%
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%
$428,080
$428.1K
Cap Rate 7%
$305,771
$305.8K
Cap Rate 9%
$237,822
$237.8K
Market Conditions
NOI Build-Up for 1,489 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
$33.1K $22.20/SF
− Vacancy
−$2.5K −$1.67/SF
EGI
$30.6K $20.54/SF
− OpEx
−$9.2K −$6.16/SF
NOI
$21.4K $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%
$428,080
Cap Rate 7%
$305,771
Cap Rate 9%
$237,822
Alternative Uses
Best Use
Multifamily LT 5
$305.8K
$267.6K – $356.7K
NOI $21,404 @ 7.0% cap · market cap 4.99%
Second Best
Apartment 5plus
$283.9K
$248.4K – $331.3K
NOI $19,875 @ 7.0% cap · market cap 4.63%
Theoretical Best
Office A
$416.1K
$364.1K – $485.4K
NOI $29,125 @ 7.0% cap · market cap 6.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
842
Businesses Nearby
Explore this area
Business Placement
Demographics for 80014, CO
41,711
Population
19,903
Households
2.1
Avg Household Size
40
Median Age
44%
College-Educated
93%
High-School Grad
7.2 sq mi
ZIP Area
5,793
Density / Sq Mi
$72,561
Median Household Income
$47,950
Median Earnings
$1,800
Median Rent
$386,500
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 - Fresh paint, vaulted great room ceilings, central air, and a full unfinished basement add practical residential features.
Where is this duplex located?
The property is located at 2436 S Scranton Way Aurora, CO.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: Duplex property built in 1999; Vaulted great room ceilings with a 3‑sided gas fireplace; Full unfinished basement with storage
