13-Unit Condo
982 S Dearborn Way, Aurora, CO 80012
For Sale
$1,985,000
The collection spans Denver and Aurora communities and includes occupied condos with one-, two- and three-bedroom layouts.
Property Size10,000 SF
Days on Market11
Property Features for 982 S Dearborn Way
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Neighborhood
Additional Details
Asking Price
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Units
Listed By:
Matthew Collins
(720) 266-8040
Source:
Elliman
Added: Nov 3
Last Checked: Nov 12 at 8:16AM
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 Matthew Collins
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily portfolio brings together 13 condominium units in several Denver and Aurora communities. The homes range from one to three bedrooms, offering a varied unit mix across the collection.
All units are occupied under 12-month leases. Most residents have remained in their homes for multiple years. The portfolio has a projected cap rate of approximately 9.5%.
All units are occupied under 12-month leases. Most residents have remained in their homes for multiple years. The portfolio has a projected cap rate of approximately 9.5%.
Key Highlights
- 13 condominium units offered as one portfolio
- Mix of one-, two- and three‑bedroom condos
- All 13 units occupied on 12‑month leases
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$126,506
Cap Rate
6.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,530,120
$2.5M
Cap Rate 7%
$1,807,229
$1.8M
Cap Rate 9%
$1,405,622
$1.4M
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$246.0K $24.60/SF
− Vacancy
−$16.0K −$1.60/SF
EGI
$230.0K $23.00/SF
− OpEx
−$103.5K −$10.35/SF
NOI
$126.5K $12.65/SF
Area
ZIP 80012
Vacancy
6.50%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,530,120
Cap Rate 7%
$1,807,229
Cap Rate 9%
$1,405,622
Alternative Uses
Best Use
Apartment 5plus
$1.81M
$1.58M – $2.11M
NOI $126,506 @ 7.0% cap · market cap 6.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.39M
$2.09M – $2.79M
NOI $167,400 @ 7.0% cap · market cap 8.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
13
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,512
Businesses Nearby
Explore this area
Business Placement
Demographics for 80012, CO
49,897
Population
20,102
Households
2.5
Avg Household Size
35
Median Age
27%
College-Educated
84%
High-School Grad
7.6 sq mi
ZIP Area
6,565
Density / Sq Mi
$69,835
Median Household Income
$40,526
Median Earnings
$1,697
Median Rent
$398,300
Median Home Value
Market
Average Price Trend$/SF for Multifamily properties in Aurora, CO
Properties on Market for Multifamily properties in Aurora
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - The collection spans Denver and Aurora communities and includes occupied condos with one-, two- and three-bedroom layouts.
Where is this multifamily property located?
The property is located at 982 S Dearborn Way Aurora, CO.
What is the asking price?
The asking price for this property is $1,985,000.
What are key features of this property?
This property features: 13 condominium units offered as one portfolio; Mix of one-, two- and three‑bedroom condos; All 13 units occupied on 12‑month leases
