11036, 11038 E 4th WAY Aurora, CO 80010
8 Beds
4 Baths
3,692 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,692 sqft
Price per Sqft $295
Subdivision Highland Park
MLS Listing ID 6370251
Bedrooms 8
HOA Y/N No
Abv Grd Liv Area 1,872
Year Built 1965
Annual Tax Amount $3,114
Tax Year 2024
Property Sub-Type Duplex
Source recolorado
Property Description
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.
Location
State CO
County Arapahoe
Rooms
Basement Finished
Interior
Heating Forced Air, Natural Gas
Cooling Central Air
Fireplace N
Appliance Dryer, Microwave, Oven, Refrigerator, Washer
Laundry In Unit
Exterior
Roof Type Composition
Garage No
Building
Lot Description Near Public Transit
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Brick,Concrete,Other
Schools
Elementary Schools Lansing
Middle Schools South
High Schools Aurora Central
School District Adams-Arapahoe 28J
Others
Senior Community No
Ownership Individual
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Special Listing Condition None
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA