Non-Conforming Duplex
832 Elmira Street Aurora, CO 80010
For Sale
$445,000
Non-conforming duplex with two 2-bed, 1-bath units, in-unit laundry, off-street parking, and a fenced back yard.
Property Size1,618 SF
Price / SF$275.03
Days on Market94
Property Features for 832 Elmira Street
General Information
- Standard status
- Active
- Size
- 1,618 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1951
Listing Agency:
Khaya Real Estate LLC
(303) 931-0689
Listed By:
Lisa Schoen · License #100081454
(303) 931-0689
Source:
Exitrealty
Added: Apr 22
Changed: Jul 23
Last Checked: Jul 23 at 6:29AM
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 Khaya Real Estate LLC
Investment Insights
Based on property information with market context.
This non-conforming duplex has been configured with two separate units, each offering 2 bedrooms and 1 bathroom, along with spacious open kitchens and in-unit laundry. The home also includes a second full kitchen in the basement as approved use. Both units include bedrooms with egress windows, though they do not show up in County Records. Cosmetic updates may be needed at the turn, but several major systems have been updated, including a new sewer line in 2022 and a new roof in 2023, plus additional updates such as a new water heater in the lower unit in 2026, updated electrical in 2026, and a new shower in the lower unit in 2026.
Current rents are listed at $3,520, and the property includes ample off-street parking and a large fenced back yard. Tenant occupancy is in place, with the upper lease through August and the lower lease through November; tenants are described as wanting to stay and handling yard maintenance. The seller notes a recent FHA appraisal at $455,000 and advises buyers to perform their own due diligence. Pro forma and offering materials are available in the supplements, with the appraisal and inspection available upon request.
Current rents are listed at $3,520, and the property includes ample off-street parking and a large fenced back yard. Tenant occupancy is in place, with the upper lease through August and the lower lease through November; tenants are described as wanting to stay and handling yard maintenance. The seller notes a recent FHA appraisal at $455,000 and advises buyers to perform their own due diligence. Pro forma and offering materials are available in the supplements, with the appraisal and inspection available upon request.
Key Highlights
- 1951‑built non‑conforming duplex converted from a SFR, currently generating $3,520 in rents
- Two 2‑bed, 1‑bath units; both bedrooms have egress windows, but bedroom details do not show in county records
- Each unit includes in‑unit laundry and a spacious open kitchen layout
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 | $35.9k | $22.20 |
| − Vacancy | −$2.7k | −$1.67 |
| EGI | $33.2k | $20.54 |
| − OpEx | −$10.0k | −$6.16 |
| NOI | $23.3k | $14.37 |
1,618 SF · lease $22.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$332.3K
$290.7K – $387.6K
NOI $23,258 @ 7.0% cap · market cap 5.23%
Second Best
Apartment 5plus
$308.5K
$270.0K – $360.0K
NOI $21,597 @ 7.0% cap · market cap 4.85%
Theoretical Best
Office A
$452.1K
$395.6K – $527.5K
NOI $31,648 @ 7.0% cap · market cap 7.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Non-conforming duplex with two 2-bed, 1-bath units, in-unit laundry, off-street parking, and a fenced back yard.
Where is this duplex located?
The property is located at 832 Elmira Street Aurora, CO.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: 1951‑built non‑conforming duplex converted from a SFR, currently generating $3,520 in rents; Two 2‑bed, 1‑bath units; both bedrooms have egress windows, but bedroom details do not show in county records; Each unit includes in‑unit laundry and a spacious open kitchen layout
