Commercial Sale · Active
Aurora, CO 80010
$2,100,000
Multi Family
Property Type
0.31 acres
Lot Size
1971
Year Built
8685558
MLS #
About This Property
11948 E. 17th Avenue presents an exceptional value-add opportunity with significant upside in one of Metro Denver's strongest rental markets. This approved short sale features 18 apartment units directly across from the CU Anschutz Medical Campus and is priced at just $2.1 million.
The property includes five (5) three-bedroom, twelve (12) two-bedroom, and one (1) one-bedroom apartments, offering multiple strategies for increasing NOI through lease-up, renovations, and operational improvements. Investors may also explore mid-term rental opportunities to serve the area's growing healthcare workforce.
With a projected after-repair value (ARV) of $2.8M–$2.9M, this is an outstanding opportunity for investors seeking immediate upside and long-term appreciation. Financial projections assume a $200,000 capital improvement investment during Year 1, resulting in a projected Year 2 pro forma cap rate of 8.84%.
Approved Short Sale – Seller Encourages All Offers. Contact the listing team for the Offering Memorandum, financials, and a private tour.
91 days on market
Listed by Michelle Glass · Keller Williams DTC · MichelleDirect@kw.com,720-575-2870
Property Details
| Property Type | Commercial Sale |
| Sub Type | Multi Family |
| Status | Active |
| MLS # | 8685558 |
| Days on Market | 91 |
| Year Built | 1971 |
| Lot Size (Sq Ft) | 13,373 |
| Acres | 0.31 |
| Annual Taxes | $20,381 |
| State | CO |
| County | Adams |
| Zoning | MU-FB |
| Lot Features | Corner Lot |
| Construction | Brick, Frame |
| Sewer | Public Sewer |
| Water Source | Public |
Location
Price History
| Date | Event | Price |
|---|---|---|
| 7/27/2026 |
Listed for sale Source: REcolorado® #8685558 |
$2,100,000 |
Based on information submitted to the MLS GRID as of October 26, 2026 at 7:45 AM MDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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