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Boston Apartments 1634 Boston St 6 Unit Apartment Building $1,098,051 CAD ($183,009 CAD/Unit) 9.31% Cap Rate Aurora, CO 80010
Executive Summary
Exceptional opportunity to acquire a well-performing 6-unit apartment building in a prime Aurora location. The property features six 2-bedroom, 1-bath units—an attractive and highly rentable configuration in today’s market. Located just two blocks from Colfax Avenue and within close proximity to the Aurora Cultural Arts District, the property benefits from strong walkability and ongoing neighborhood revitalization. Stanley Marketplace and the Anschutz Medical Campus are just minutes away, supporting sustained rental demand from medical, professional, and service-sector tenants. The building produces solid in-place income with a rate of return exceeding 9%, delivering immediate cash flow. Off-street parking in the rear of the property provides added tenant convenience and operational value—an important amenity in this high-demand corridor. An excellent opportunity for investors seeking stable income, strong location fundamentals, and long-term upside.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$129,294
|
$25.12
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$129,294
|
$25.12
|
| Taxes |
$7,654
|
$1.49
|
| Operating Expenses |
$19,484
|
$3.78
|
| Total Expenses |
$27,138
|
$5.27
|
| Net Operating Income |
$102,156
|
$19.84
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $129,294 |
| Annual Per SF | $25.12 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $129,294 |
| Annual Per SF | $25.12 |
| Taxes (CAD) | |
|---|---|
| Annual | $7,654 |
| Annual Per SF | $1.49 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $19,484 |
| Annual Per SF | $3.78 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $27,138 |
| Annual Per SF | $5.27 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $102,156 |
| Annual Per SF | $19.84 |
Property Facts
| Price | $1,098,051 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $183,009 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 9.31% | Building Size | 5,148 SF |
| Sale Condition | REO Sale | Average Occupancy | 100% |
| Gross Rent Multiplier | 8.6 | No. Stories | 2 |
| No. Units | 6 | Year Built | 1961 |
| Property Type | Multifamily | Parking Ratio | 1.64/1,000 SF |
| Property Subtype | Apartment |
| Price | $1,098,051 CAD |
| Price Per Unit | $183,009 CAD |
| Sale Type | Investment |
| Cap Rate | 9.31% |
| Sale Condition | REO Sale |
| Gross Rent Multiplier | 8.6 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 5,148 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1961 |
| Parking Ratio | 1.64/1,000 SF |
Amenities
Unit Amenities
- Disposal
- Heating
- Ceiling Fans
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Range
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | $1,565 CAD | 858 |
1 1
Moderately walkable
70/100
Moderately drivable
60/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 1823-34-3-19-007 | Total Assessment | $72,320 CAD |
| Land Assessment | $10,566 CAD | Annual Taxes | $7,654 CAD ($1.49 CAD/SF) |
| Improvements Assessment | $61,753 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
1823-34-3-19-007
Land Assessment
$10,566 CAD
Improvements Assessment
$61,753 CAD
Total Assessment
$72,320 CAD
Annual Taxes
$7,654 CAD ($1.49 CAD/SF)
Tax Year
2025
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Boston Apartments | 1634 Boston St
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