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The Concord Apartments 1588 Macon St 8 Unit Apartment Building $1,025,000 ($128,125/Unit) 5.30% Cap Rate Aurora, CO 80010
Investment Highlights
- Updated Interiors with Modern Finishes
- Located in High-Demand Aurora Rental Corridor
- Walkable Access to Dining, Retail & Entertainment
- Less Than 1 Mile to Anschutz Medical Campus
- Under 10 Minutes to Stanley Marketplace
- Easy Access to Major Commuter Routes & Public Transit
Executive Summary
Exceptional investment opportunity at 1588 Macon St – an updated 8-unit multifamily property located in a high-demand Aurora rental corridor less than one mile from the Anschutz Medical Campus and UCHealth University of Colorado Hospital. This well-maintained apartment building features updated interiors, offering modern finishes that attract medical professionals, hospital staff, students, and workforce tenants. Strong proximity to one of Colorado’s largest employment centers provides consistent rental demand and long-term stability. Situated under 10 minutes from Stanley Marketplace, residents enjoy convenient access to dining, retail, fitness, breweries, and entertainment. Easy access to major commuter routes, public transportation, and surrounding amenities further enhances tenant appeal.
Property Facts
| Price | $1,025,000 | Apartment Style | Low-Rise |
| Price Per Unit | $128,125 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 5.30% | Building Size | 5,320 SF |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1964 |
| Property Subtype | Apartment | Parking Ratio | 0.75/1,000 SF |
| Zoning | OA-G | ||
| Price | $1,025,000 |
| Price Per Unit | $128,125 |
| Sale Type | Investment |
| Cap Rate | 5.30% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 5,320 SF |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 0.75/1,000 SF |
| Zoning | OA-G |
Amenities
Unit Amenities
- Heating
- Kitchen
- Tub/Shower
- Vinyl Flooring
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 415 - 525 |
1 1
Walk Score®
Very Walkable (83)
Property Taxes
| Parcel Number | 1823-35-4-26-002 | Improvements Assessment | $62,210 |
| Land Assessment | $8,710 | Total Assessment | $70,920 |
Property Taxes
Parcel Number
1823-35-4-26-002
Land Assessment
$8,710
Improvements Assessment
$62,210
Total Assessment
$70,920
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The Concord Apartments | 1588 Macon St
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