2023 Duplex with Upgraded
For Sale
$499,927
783 N Shawnee St, Aurora, CO 80018
Private den, unfinished basement, and shared neighborhood amenities add practical flexibility.
Property Size1,880 SF
Days on Market72
Property Features for 783 N Shawnee St
General Information
Standard status
Active
Size
1,880 SF
Property subtype
Duplex
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$6,243
Building Details
Building Size
1,880 SF
Year Built
2023
Listing Agency:
Equity Colorado Real Estate
Listed By:
Steve Kirk
(720) 243-5409
Source:
Corken
Added: Aug 6
Changed: Oct 11
Last Checked: Oct 15 at 7:47AM
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 Equity Colorado Real Estate
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Investment Insights
Based on property information with market context.
Completed in November 2023, this Meritage Homes Vail model duplex includes a range of interior upgrades and functional improvements. The main-level den or office is enclosed with a barn door, while the kitchen offers generous cabinetry, a walk-in pantry, granite countertops, and a large island. Additional features include custom shades at the oversized sliding glass door, contemporary ceiling fans in the dining area and primary bedroom, a living room rock wall, and built-in shelving in the primary walk-in closet.
The full basement remains unfinished, providing additional space within the residence. The home sits in a courtyard shared by 8 homes and is part of a neighborhood with tennis courts, a playground, walking trails, and a community garden. The P-8 Coal Creek School, identified as opening August 6th, is described as a short walk from the property.
The full basement remains unfinished, providing additional space within the residence. The home sits in a courtyard shared by 8 homes and is part of a neighborhood with tennis courts, a playground, walking trails, and a community garden. The P-8 Coal Creek School, identified as opening August 6th, is described as a short walk from the property.
Key Highlights
- Completed in November 2023 as a Meritage Homes Vail model
- Kitchen includes granite countertops, walk‑in pantry, extensive cabinetry, and a spacious island
- Enclosed main‑floor den or office features a barn door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,024
Cap Rate
5.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$540,480
$540.5K
Cap Rate 7%
$386,057
$386.1K
Cap Rate 9%
$300,267
$300.3K
Market Conditions
NOI Build-Up for 1,880 SF
Gross rent
$41.7K $22.20/SF
− Vacancy
−$3.1K −$1.67/SF
EGI
$38.6K $20.54/SF
− OpEx
−$11.6K −$6.16/SF
NOI
$27.0K $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%
$540,480
Cap Rate 7%
$386,057
Cap Rate 9%
$300,267
Alternative Uses
Best Use
Multifamily LT 5
$386.1K
$337.8K – $450.4K
NOI $27,024 @ 7.0% cap · market cap 5.41%
Second Best
Apartment 5plus
$358.5K
$313.7K – $418.2K
NOI $25,094 @ 7.0% cap · market cap 5.02%
Theoretical Best
Office A
$525.3K
$459.7K – $612.9K
NOI $36,773 @ 7.0% cap · market cap 7.36%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
208
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Private den, unfinished basement, and shared neighborhood amenities add practical flexibility.
Where is this duplex located?
The property is located at 783 N Shawnee St Aurora, CO.
What is the asking price?
The asking price for this property is $499,927.
What are key features of this property?
This property features: Completed in November 2023 as a Meritage Homes Vail model; Kitchen includes granite countertops, walk‑in pantry, extensive cabinetry, and a spacious island; Enclosed main‑floor den or office features a barn door
