Fourplex with Separate
2545 Kenton Street Aurora, CO 80010
2545 Kenton Street, Aurora, CO, 80010
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For Sale
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Fourplex featuring three remodeled units, a fourth unit in original condition, off-street parking, and separate utilities.
Property Size2,944 SF
Price / SF$339.67
Days on Market14
Property Features for 2545 Kenton Street
General Information
- Standard status
- Active
- Size
- 2,944 SF
- Property subtype
- Retail, Multifamily
Building Details
- Year Built
- 1962
Listing agency
Luna Llanes Realty
Listed by
Fernando Luna Llanes · License #ER40037658
Source
Crexi
Added: Jul 9 Updated: Jul 21 at 1:09PM Checked: Jul 22 at 12:03PM
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 Luna Llanes Realty
Investment Insights
Based on property information with market context.
This fourplex offers four residential units with a configuration that includes three units that have been fully remodeled. The remodeled units feature updated kitchens and baths, durable flooring, and refreshed mechanicals, while the fourth unit remains in original condition and is occupied by a long-term tenant.
The property is located just minutes from the Anschutz Medical Campus, placing it in a high-demand rental corridor with consistent interest from medical professionals, students, and staff.
Additional practical features include separate utilities, off-street parking, and low-maintenance landscaping. The current mix of remodeled and original condition units provides a straightforward path for continued improvement as the occupied unit becomes available.
The property is located just minutes from the Anschutz Medical Campus, placing it in a high-demand rental corridor with consistent interest from medical professionals, students, and staff.
Additional practical features include separate utilities, off-street parking, and low-maintenance landscaping. The current mix of remodeled and original condition units provides a straightforward path for continued improvement as the occupied unit becomes available.
Key Highlights
- 1962‑built 4‑plex with three remodeled units and a fourth unit still in original condition
- Three units feature updated kitchens and baths, durable flooring, and refreshed mechanicals
- Fourth unit is occupied by a long‑term tenant, offering a renovation/rent optimization opportunity upon turnover
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $65.4k | $22.20 |
| − Vacancy | −$4.9k | −$1.67 |
| EGI | $60.5k | $20.54 |
| − OpEx | −$18.1k | −$6.16 |
| NOI | $42.3k | $14.37 |
2,944 SF · lease $22.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$604.6K
$529.0K – $705.3K
NOI $42,319 @ 7.0% cap · market cap 4.23%
Second Best
Apartment 5plus
$561.4K
$491.2K – $655.0K
NOI $39,297 @ 7.0% cap · market cap 3.93%
Theoretical Best
Office A
$822.6K
$719.8K – $959.8K
NOI $57,585 @ 7.0% cap · market cap 5.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
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FAQs
What type of property is this?
Quadplex - Fourplex featuring three remodeled units, a fourth unit in original condition, off-street parking, and separate utilities.
Where is this quadplex located?
The property is located at 2545 Kenton Street Aurora, CO.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 1962‑built 4‑plex with three remodeled units and a fourth unit still in original condition; Three units feature updated kitchens and baths, durable flooring, and refreshed mechanicals; Fourth unit is occupied by a long‑term tenant, offering a renovation/rent optimization opportunity upon turnover
