$1,090,000

11036 & 11038 E 4th Way Aurora, CO 80010

Highland Park Neighborhood

Estimated payment $6,045/month

Total Views 31,869
8 Beds
4 Baths
3,692 Sq Ft
$295 Price per Sq Ft

Highlights

  • Very Popular Property
  • No HOA
  • Forced Air Heating and Cooling System
  • Property is near public transit
  • 1-Story Property

About This Home

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). Units feature quartz countertops and stainless steel appliances, giving residents a modern, upgraded living experience that supports strong rental demand.

With 3,692 SF on a 7,449 SF lot, stable residents in place, and zoning/taxing as a duplex while operating as four un

Listing Agent

Kelsey Lawless

Joy of the Rockies Realty Brokerage Email: kelsey@joyoftherockiesrealty.com,720-454-4301 License #100056132 Listed on: 08/27/2025

Co-Listing Agent

April Andrews

Joy of the Rockies Realty Brokerage Email: kelsey@joyoftherockiesrealty.com,720-454-4301 License #100077441

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,114

Year Built

  • Built in 1965

Lot Details

  • 1 Common Wall

Home Design

  • Duplex
  • Entry on the 1st floor
  • Brick Exterior Construction
  • Composition Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1-Story Property
  • Finished Basement

Kitchen

  • Oven
  • Microwave

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Location

  • Ground Level
  • Property is near public transit

Schools

  • Lansing Elementary School
  • South Middle School
  • Aurora Central High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Community Details

  • No Home Owners Association
  • Highland Park Subdivision

Listing and Financial Details

  • Exclusions: Tenants personal property
  • Assessor Parcel Number 031123062

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,114

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Structure Type: Duplex
  • Levels: One
  • Year Built: 1965
  • Above Grade Finished Sq Ft: 1872
  • Entry Location: Ground
  • Exclusions: Tenants personal property
  • Living Area: 3692
  • SubdivisionName: Highland Park
  • Co List Office Mls Id: RECM8146
  • Co List Office Phone: 303-902-0616
  • Ownership: Individual
  • Property Attached Yn: Yes
  • REC_RVSpaces: 0
  • Attribution Contact: kelsey@joyoftherockiesrealty.com,720-454-4301
  • Special Features: None

Interior Features

  • Appliances: Dryer, Microwave, Oven, Refrigerator, Washer
  • Common Walls: 1 Common Wall
  • Basement: Finished
  • Basement: Yes
  • Total Bedrooms: 8
  • Below Grade Sq Ft: 1820
  • Entry Level: 1

Exterior Features

  • Roof: Composition
  • Construction Materials: Brick, Concrete, Other

Garage/Parking

  • Attached Garage: No
  • REC_ParkingCount: 1

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas
  • Water Source: Public
  • Laundry Features: In Unit
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Association/Amenities

  • REC_AssociationFee2Annual: 0.00
  • REC_AssociationFee3Annual: 0.00
  • REC_AssociationFeeAnnual: 0.00
  • REC_AssociationFeeTotalAnnual: 0.00

Schools

  • Middle Or Junior School: South

Lot Info

  • Parcel Number: 031123062
  • Building Area Total: 3692
  • Lot Features: Near Public Transit

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Internet, Telephone, Trash Collection, Water

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 3114

MLS Schools

  • Elementary School: Lansing
  • High School: Aurora Central

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $3,020 $32,495 -- --
2023 $3,020 $32,495 $0 $0
2022 $3,073 $30,600 $0 $0
2021 $3,242 $30,600 $0 $0
2020 $3,022 $29,022 $0 $0
2019 $3,006 $29,022 $0 $0
2018 $2,553 $24,142 $0 $0
2017 $2,221 $24,142 $0 $0
2016 $1,499 $15,952 $0 $0
2015 $1,447 $15,952 $0 $0
2014 $1,190 $12,640 $0 $0
2013 -- $13,250 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/27/2025 08/27/25 For Sale $1,090,000 -- $295 / Sq Ft
Source: REcolorado®

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- Stewart Title
Quit Claim Deed -- Stewart Title
Special Warranty Deed $525,000 Land Title Guarantee
Warranty Deed $500 None Available
Deed -- --
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $433,000 Credit Line Revolving
Previous Owner $315,000 Credit Line Revolving
Source: Public Records

About the Listing Agent

Kelsey Lawless

Joy of the Rockies Realty

(720) 796-9477

Section Image

Kelsey is an expert real estate agent with Joy of the Rockies Realty in Denver, CO and the nearby area, providing home-buyers and sellers with professional, responsive and attentive real estate services.

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Source: REcolorado®

MLS Number: 2465236

REcolorado®

APN: 1973-11-2-21-007