Multifamily investment opportunity in Aurora featuring three one-bedroom units, one two-bedroom unit and one three-bedroom unit. Three occupied units provide in-place income, while two vacant units offer immediate flexibility for lease-up, renovation or repositioning.
The current owner has made a substantial investment in capital improvements and ongoing maintenance, including boiler and plumbing work along with updates to select units. Interior features vary by unit, with available spaces showcasing hardwood flooring, bright living areas, functional kitchens and efficient single-level layouts. The low-profile brick construction, individual exterior entries and practical unit mix support straightforward management and broad rental appeal.
The property is located within a census tract nominated by the State of Colorado for inclusion in the new Opportunity Zone 2.0 program. Final designation remains subject to certification by the U.S. Department of the Treasury. This property presents an opportunity to acquire an operating five-unit asset with completed infrastructure work and additional income potential through leasing the vacant units, optimizing rents and implementing a more comprehensive tenant utility-reimbursement program. Buyer should consult qualified tax and legal advisors and independently verify Opportunity Zone status, eligibility and potential benefits.
Property details
Property
Type
Quadruplex
MLS type
Residential Income
Status
Active
Year built
1959
Stories
1
Living area
2,890 sqft
Price / sqft
$265
Lot
0.16 AC / 7,144 SF
MLS #
8832611
Interior
Features
Partial, Unfinished
Flooring
Wood
Heating
Baseboard
Cooling
Air Conditioning-Room
Laundry
Common Area
Exterior & lot
Roof
Composition
Parking
Asphalt
Schools
District
Adams-Arapahoe 28J
Elementary
Crawford
Middle
Aurora West
High
Aurora Central
Utilities
Utilities
Electricity Connected, Natural Gas Connected
Water
Public
Sewer
Public Sewer
Financial
Annual tax
$5,567
Parcel
R0094752
Special conditions
None Known
Location
Subdivision
Aurora Sub
County
Adams
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Listed by Preston Newberry, Your Castle Real Estate Inc