11852 E 16th Avenue
Aurora, CO, 80010 $ 5,700,000
Bedrooms58 Baths58.0 Sq 40,869 Monthly Estimate*
$ 39,368
Listed by Marcus & Millichap Real Estate Investment Services of Atlanta, Inc.
for $5,700,000 with 58 bedrooms and 58 full baths. This 40,869 square foot home was built in 1973.
Marcus & Millichap is pleased to present the Elm Grove Apartments, a 59-unit multifamily property located at 11852 E 16th Avenue in Aurora, Colorado. Built in 1973, the property is situated on approximately 1.03 acres and offers a well-balanced unit mix of three studios and 56 one-bedroom apartments. Studio units average approximately 475 square feet, while one-bedroom units average approximately 600 square feet. The Elm Grove Apartments benefits from an attractive location immediately surrounding the Fitzsimons medical campus, positioned between the Fitzsimons campus and Stanley Marketplace. The property offers a primarily one-bedroom floorplan mix that caters to the area’s strong demand from medical professionals, students, and other employment bases associated with the Anschutz Medical Campus. Many units have been renovated with modern shaker cabinetry, quartz countertops, hard-surface vinyl flooring, tile showers, updated vanities, and black appliance packages with microwaves and dishwashers. Additionally, approximately two-thirds of the units feature private balconies, while all one-bedroom units offer walk-in closets. Current ownership has completed approximately $250,000 of capital improvements over the hold period, including the installation of new electrical panels throughout all units, upgrades to stairways, interior corridors, and unit doors, the addition of an outdoor seating area with covered pergolas, and new property signage. These improvements, combined with the extensive unit renovations, have positioned Elm Grove Apartments as a well-maintained asset with meaningful recent capital investment. The property represents an attractive opportunity to acquire a renovated multifamily asset in a highly desirable Aurora location with convenient access to the Fitzsimons medical campus, Stanley Marketplace, and the broader Denver metro area.
See more
FeaturesGeneralLiving Area 40869
Sewer Public Sewer
Heating Baseboard
Cooling Other
Roof Unknown
Garage Spaces 0
Construction Materials Frame
Year Built 1973
Levels One
Property Subtype Quadruplex
Parcel Number R0097746
County Adams
Property Type Residential Income
HOA N
Attached Garage N
Subdivision Name NITEMARE SUBD
High School Aurora Central
City Aurora
Senior Community Y/N N
High School District Adams-Arapahoe 28J
Carport Spaces 0
Elementary School Montview
Property Attached Y/N N
Tax Annual Amount 55760
Middle/Junior High School North
Standard Status Active
Middle/Junior School District Adams-Arapahoe 28J
Elementary School District Adams-Arapahoe 28J
Freehold IDX
See more
InteriorTotal Bedrooms 58
Total Baths 58
See more
* Excluded FeaturesList ByMarcus & Millichap Real Estate Investment Services Of Atlanta, Inc.Broker
charles.burkhart@marcusmillichap.com,214-336-6064Contact
Affordability Calculator
- Monthly Principal & Interest
- $39,368
- Monthly Property Taxes
- $4,647
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% 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.
Learn more about how to save NearbyMulti-family listings in Aurora, CO
Average List Price $752,480
Percent of Sale Price 87%
About Aurora, CO 1,835 Population
1,076% Since 2002
$ 55,848 Median Income
32.42 Median Age
44% Households with Children
Trends Information provided by ATTOM Data Solutions.
3043179 Elementary School
3043364 Middle School
Aurora Central High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 10/10/2026 | $5,700,000 | | Listed Price |