Fourplex with Separate
For Sale
$1,000,000
2545 Kenton Street, Aurora, CO 80010
Fourplex featuring three remodeled units, a fourth unit in original condition, off-street parking, and separate utilities.
Property Size2,944 SF
Days on Market98
Property Features for 2545 Kenton Street
General Information
Standard status
Active
Size
2,944 SF
Property subtype
Quadruplex
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$4,777
Amenities
separate utilities
off-street parking
low-maintenance landscaping
Building Details
Building Size
2,944 SF
Year Built
1962
Listing Agency:
Luna - Llanes Realty LLC
Listed By:
Fernando Luna-LLanes · License #40037658
(303) 552-2908
Source:
Corken
Added: Jul 2
Changed: Oct 5
Last Checked: Oct 5 at 10:30PM
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 LLC
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,319
Cap Rate
4.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$846,380
$846.4K
Cap Rate 7%
$604,557
$604.6K
Cap Rate 9%
$470,211
$470.2K
Market Conditions
NOI Build-Up for 2,944 SF
Gross rent
$65.4K $22.20/SF
− Vacancy
−$4.9K −$1.67/SF
EGI
$60.5K $20.54/SF
− OpEx
−$18.1K −$6.16/SF
NOI
$42.3K $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 Rate 5%
$846,380
Cap Rate 7%
$604,557
Cap Rate 9%
$470,211
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 authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,135
Businesses Nearby
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Business Placement
Demographics for 80010, CO
42,303
Population
15,394
Households
2.7
Avg Household Size
32
Median Age
19%
College-Educated
73%
High-School Grad
5.1 sq mi
ZIP Area
8,295
Density / Sq Mi
$60,755
Median Household Income
$36,349
Median Earnings
$1,400
Median Rent
$385,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
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
