$1,092,000

Estimated payment $6,095/month

8 Beds
4 Baths
3,692 Sq Ft
$296 Price per Sq Ft

Highlights

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

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. The property generates an annual rent roll of $82,200 and an NOI of $73,282, reflecting an approximate 6.7% cap rate at the list price. Residents are responsible for gas, electric, trash, internet, and cable. The owner currently covers water for one unit (11038-A) under a prior lease. The property is serviced by one water meter and two electric meters (one per address). Property taxes are just $3,114 annually, with insurance at approximately $2,000 per year. Originally built in 1965, the property was fully remodeled in 2021–2022, with additional capital improvements completed since. Updates include a brand-new Class 4 impact-resistant roof (2025), new furnaces for basement units (2022), Bosch high-efficiency mini-split systems in main level units (2023–2024), new A/C for basement units (2022), a new washer and dryer (2024), sewer and drain line replacement (2023), and a new dishwasher (2023). Each unit features quartz countertops and stainless steel appliances, offering a modern, updated living experience that supports strong rental demand. With 3,692 square feet on a 7,449 square foot lot, stable residents in place, and zoning as a duplex while operating as four units, this is a compelling investment opportunity.

Listing Agent

April Andrews

Joy of the Rockies Realty Brokerage Email: April@JoyoftheRockiesRealty.com,303-902-0616 License #100077441 Listed on: 03/31/2026

Co-Listing Agent

Kelsey Lawless

Joy of the Rockies Realty Brokerage Email: April@JoyoftheRockiesRealty.com,303-902-0616 License #100056132

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 Sq Ft Lot

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
  • Ownership: Individual
  • Property Attached Yn: Yes
  • REC_RVSpaces: 0
  • 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

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

Multi Family

  • Lease Expiration: 2026-06-30

MLS Schools

  • Elementary School: Lansing
  • High School: Aurora Central

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/31/2026 03/31/26 For Sale $1,092,000 -- $296 / 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

April Andrews

Joy of the Rockies Realty

(720) 823-8284

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With 17 years of experience in real estate, encompassing leasing, single-family and multi-family sales, as well as new developments, I bring a wealth of expertise to every transaction. Proudly affiliated with Joy of the Rockies Realty, my commitment to helping people achieve their real estate goals is matched only by my passion for the industry. Let's work together to turn your real estate dreams into reality.

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Source: REcolorado®

MLS Number: 6370251

REcolorado®

APN: 1973-11-2-21-007

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