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    14383 Evans Ave Aurora, CO 80014

    Sponsored
    For Sale
    $2,400,000

    49-Unit Apartment Building, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 49-unit apartment building presents a compelling investment opportunity in Aurora, Colorado. Located at 14383 E Evans Ave, this four-story property sits on a 1.7-acre lot and boasts 110 feet of frontage on E. Evans Avenue. The building is permitted and ready for immediate development, with all public improvements completed. The property benefits from a highly desirable Mixed-Use/Industrial (MU-OI) zoning designation, allowing for flexible uses, including senior care and assisted living. Its prime infill location offers excellent access to I-225 and the Iliff Interchange, placing it within close proximity to numerous hotels, restaurants, retail establishments, services, and the RTD Iliff Station. Conveniently located just 20 minutes from Denver International Airport, this property offers unparalleled convenience and accessibility. Utilities are provided by the City of Aurora (water, gas) and Xcel Energy (electricity). The asking price is $2,400,000, translating to $32.37 per square foot. This is a truly remarkable opportunity to acquire a high-yield, strategically located multifamily asset in a thriving Colorado market. The property is situated in Arapahoe County, zip code 80014.

    Property Features for 14383 Evans Ave

    General Information

    Property type
    Multifamily properties
    Lot Size
    74,052 SF

    Building Details

    Stories
    4
    Units
    49

    HighLights

    • $2,400,000 asking price for a 49‑unit apartment building.
    • Prime infill multifamily opportunity in Aurora, CO.
    • Approved plans for a 4‑story, 49‑unit building; senior care/assisted living permitted.
    • Permit‑ready site with completed public improvements; flexible MU‑OI zoning.
    • Excellent access to I‑225 & Iliff Interchange; near hotels, restaurants, retail, and RTD Iliff Station.
    • Conveniently located 20 minutes from Denver International Airport.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Aurora
    County
    Arapahoe
    State
    Colorado
    Longitude
    -104.8207113
    Latitude
    39.6801494

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    FAQs

    What type of property is this?
    Multifamily property - 49-Unit Apartment Building, Prime Location
    Where is this multifamily property located?
    The property is located at 14383 Evans Ave Aurora, CO.
    What is the asking price?
    The asking price for this property is $2,400,000.
    What are key features of this property?
    This property features: $2,400,000 asking price for a 49-unit apartment building.; Prime infill multifamily opportunity in Aurora, CO.; Approved plans for a 4-story, 49-unit building; senior care/assisted living permitted.
    Request Owner's contact information
    14383 Evans Ave Aurora, CO 80014
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    Aurora, CO 80014
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    14383 Evans Ave Aurora, CO 80014
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