Renovated Three-Unit
For Sale
$1,150,000
43 Lansing St, Aurora, CO 80010
Updated three-unit property with private laundry, off-street parking, and renewed building systems.
Property Size5,100 SF
Days on Market10
Property Features for 43 Lansing St
General Information
Standard status
Active
Size
5,100 SF
Property subtype
Investment
Lease Term
12 months
Taxes and HOA fees
Annual Taxes
$5,044
Building Details
Building Size
5,100 SF
Year Built
1971
Listing Agency:
Coldwell Banker Realty 18
Listed By:
Vinh Lam
(303) 653-2889
Source:
Elliman
Added: Sep 18
Changed: Sep 27
Last Checked: Sep 26 at 10:14AM
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 Coldwell Banker Realty 18
Investment Insights
Based on property information with market context.
This Aurora triplex contains three renovated residences with refreshed kitchens, updated cabinetry and countertops, modernized bathrooms, and new lighting. Unit 43 offers 4 bedrooms and 3 bathrooms, Unit 45 has 3 bedrooms and 2 bathrooms, and Unit 47 includes 4 bedrooms and 2 bathrooms. Each residence includes in-unit laundry and dedicated off-street parking.
The property at 43 Lansing St. benefits from a newer roof, newer sewer line, and recently completed landscaping. All three units are occupied under 1-year lease agreements. The location provides access to shopping, dining, parks, and major transportation corridors, with a walk score of 48, a bike score of 66, and a transit score of 36.
The property at 43 Lansing St. benefits from a newer roof, newer sewer line, and recently completed landscaping. All three units are occupied under 1-year lease agreements. The location provides access to shopping, dining, parks, and major transportation corridors, with a walk score of 48, a bike score of 66, and a transit score of 36.
Key Highlights
- Three‑unit triplex at 43–47 Lansing Street in Aurora
- Unit mix includes 4/3, 3/2, and 4/2 residences
- All three units have updated kitchens, bathrooms, and lighting
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
$73,310
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
6.37%
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%
$1,466,200
$1.5M
Cap Rate 7%
$1,047,286
$1.0M
Cap Rate 9%
$814,556
$814.6K
Market Conditions
NOI Build-Up for 5,100 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
$113.2K $22.20/SF
− Vacancy
−$8.5K −$1.67/SF
EGI
$104.7K $20.54/SF
− OpEx
−$31.4K −$6.16/SF
NOI
$73.3K $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 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%
$1,466,200
Cap Rate 7%
$1,047,286
Cap Rate 9%
$814,556
Alternative Uses
Best Use
Multifamily LT 5
$1.05M
$916.4K – $1.22M
NOI $73,310 @ 7.0% cap · market cap 6.37%
Second Best
Apartment 5plus
$972.5K
$850.9K – $1.13M
NOI $68,075 @ 7.0% cap · market cap 5.92%
Theoretical Best
Office A
$1.43M
$1.25M – $1.66M
NOI $99,756 @ 7.0% cap · market cap 8.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,135
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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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?
Triplex - Updated three-unit property with private laundry, off-street parking, and renewed building systems.
Where is this triplex located?
The property is located at 43 Lansing St Aurora, CO.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Three‑unit triplex at 43–47 Lansing Street in Aurora; Unit mix includes 4/3, 3/2, and 4/2 residences; All three units have updated kitchens, bathrooms, and lighting
