CO > Aurora > Highland Park
Aurora, CO 80010,11036 & 11038 E 4th WAY
Aurora, CO 80010,11036 & 11038 E 4th WAY
Aurora, CO 80010,11036 & 11038 E 4th WAY
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Cesar Peña

Cesar Peña

+1(720) 790-4246
$1,090,000
Est. payment /mo
8 Beds
4 Baths
3,692 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,692 sqft

Price per Sqft $295

Subdivision Highland Park

MLS Listing ID 2465236

Bedrooms 8

HOA Y/N No

Abv Grd Liv Area 1,872

Year Built 1965

Annual Tax Amount $3,114

Tax Year 2024

Property Sub-Type Duplex

Source recolorado

Property Description

Investor opportunity in Aurora West! 11036 & 11038 E 4th Way is a duplex configured as four fully rentable units, each with its own kitchen and bath, generating an annual rent roll of $82,200 and a NOI of $73,282 (~6.7% cap rate at list price). Residents pay for gas, electric, trash, internet, and cable, with the exception of one unit (11038-A) where the owner currently covers water under a prior lease. The building is on one water meter and split between two electric meters (one per address). Property taxes are just $3,114 annually and insurance is approximately $2,000/year. Originally built in 1965, the property was fully remodeled in 2021/2022 with major capital improvements since, including a brand-new Class 4 impact-resistant roof (2025), furnaces for basement units (2022), Bosch high-efficiency mini-split systems in main level units (2023/2024), new A/C for basement units (2022), new washer/dryer (2024), sewer and drain line replacement (2023), and a new dishwasher (2023). With 3,692 SF on a 7,449 SF lot, strong rental demand, and stable residents in place is a great opportunity. Zoned and taxed as a duplex but operating as four units, it's an ideal addition for portfolio investors and 1031 exchange buyers.

Location

State CO

County Arapahoe

Rooms

Basement Finished

Interior

Heating Forced Air, Natural Gas

Cooling Central Air

Fireplace N

Appliance Dryer, Microwave, Oven, Refrigerator, Washer

Laundry In Unit

Exterior

Roof Type Composition

Garage No

Building

Lot Description Near Public Transit

Sewer Public Sewer

Water Public

Level or Stories One

Structure Type Brick,Concrete,Other

Schools

Elementary Schools Lansing

Middle Schools South

High Schools Aurora Central

School District Adams-Arapahoe 28J

Others

Senior Community No

Ownership Individual

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Special Listing Condition None

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REColorado (REColorado MLS)
© 2025 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed by Joy of the Rockies Realty

Learn More About LPT Realty

agent

Cesar Peña

+1(720) 790-4246

Real Estate Advisor | License ID: FA.100097076

Real Estate Advisor License ID: FA.100097076

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11036 & 11038 E 4th WAY