11948 E 17th Avenue Aurora, CO $ 2,100,000
11948 E 17th Avenue
$ 2,100,000
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11948 E 17th Avenue

Aurora, CO, 80010
$ 2,100,000
Bedrooms-- Baths-- Sq 12,750

Monthly Estimate*

$ 13,260

Listed by Keller Williams Integrity Real Estate LLC
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Commercial Property for sale in Aurora, CO

for $2,100,000. This 12,750 square foot building was built in 1971 on a lot size of 0.31.

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.

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Commercial Active

Price

$ 2,100,000

Property Type

Commercial

Taxes

$ 20,381

Style

Low Rise (1-3)

Lot Size

0.31

Year Built

1971

Town/City

Aurora

County/Region

Adams

MLS | Web ID

8685558

Features
General
Sewer Public Sewer
Possession Immediate Subject To Tenant Rights
Zoning MU-FB
Garage Spaces 0
Construction Materials Brick Frame
Exclusions Tenant personal property
Year Built 1971
Stories Count 3
Property Subtype Multi Family
Tax Year 2025
Current Use Multi-Family
Building Name Lebaron Apartments
County Adams
Property Type Commercial Sale
Attached Garage N
Status Active
City Aurora
Number Of Units Total 18
Lot Size Units Square Feet
Lot Size Square Feet 13373
Carport Spaces 0
Listing Terms Cash
Tax Annual Amount 20381
Lease Considered Y/N N
Structure Type Low Rise (1-3)
Standard Status Active
Occupancy Type Tenant
Cap Rate 8.84
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Exterior
Lot Features Corner Lot
Water Source Public
Total Parking 17
Lot Size Area 13373
Building Area Total 12750
Lot Size Acres 0.31
Road Surface Type Paved
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Internal Only
Street Number 1 11948
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* Excluded Features
List By
Keller Williams Integrity Real Estate Llc

Broker

(720) 575-2870

Phone

Affordability Calculator

$14,958
Per Month
89%
11%
0%
Monthly Principal & Interest
$13,260
Monthly Property Taxes
$1,698
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
242254 Elementary School
242425 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/27/2026$2,100,000 Listed Price

Map


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11948 E 17th Avenue, Aurora, CO, 80010 is a Commercial Property for sale at $2,100,000 with 12,750 sqft and a lot size of 0.31. 11948 E 17th Avenue was built in 1971. The property's zip code is 80010 which is in Aurora, CO