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11036 & 11038 E 4th WayAurora, CO 80010

For Sale

$1,090,000

Smart Buyer Rebate $10,900

Investor opportunity in Aurora West! 11036 & 11038 E 4th Way is a duplex configured as four fully rentable units, each with its own kitchen and bath, generating an annual rent roll of $82,200 and a NOI of $73,282 (~6.7% cap rate at list price). Residents pay for gas, electric, trash, internet, and cable, with the exception of one unit (11038-A) where the owner currently covers water under a prior lease. The building is on one water meter and split between two electric meters (one per address). Property taxes are just $3,114 annually and insurance is approximately $2,000/year.

Originally built in 1965, the property was fully remodeled in 2021/2022 with major capital improvements since, including a brand-new Class 4 impact-resistant roof (2025), furnaces for basement units (2022), Bosch high-efficiency mini-split systems in main level units (2023/2024), new A/C for basement units (2022), new washer/dryer (2024), sewer and drain line replacement (2023), and a new dishwasher (2023). Units feature quartz countertops and stainless steel appliances, giving residents a modern, upgraded living experience that supports strong rental demand.

With 3,692 SF on a 7,449 SF lot, stable residents in place, and zoning/taxing as a duplex while operating as four un

Listed by Kelsey Lawless

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License #056132

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Joy of the Rockies Realty

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720-454-4301

Listed by April Andrews

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License #55045600

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Joy of the Rockies Realty

Last updated September 02, 2025

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Source: REcolorado #2465236

Listing Facts

  • TypeMulti-family
  • NeighborhoodHighland Park
  • Bedrooms8
  • Bathrooms4
  • Days on Prevu10
  • Taxes$3,114/year
  • Size3,692 sqft
  • Price per sqft$295

Amenities

  • Washer/Dryer
  • Air Conditioning
  • Parking

Location

Mortgage Calculator

Listing History

08/27/2025
Listed by Joy of the Rockies Realty
$1,090,000

Property Details for 11036 & 11038 E 4th Way

Exterior

Construction

  • Property Attached: Yes
  • Roof: Composition
  • Structure Type: Duplex
  • Year Built: 1965
  • Common Walls: 1 Common Wall
  • Construction Materials: Brick, Concrete, Other
  • Entry Level: 1
  • Entry Location: Ground

Measurements

  • Building Area Total: 3,692
  • Lot Features: Near Public Transit

Financial

Residential Income

  • Cap Rate: 6.7
  • Gross Income: $82,200.00

Taxes

  • Parcel Number: 031123062
  • Tax Annual Amount: $3,114.00
  • Tax Year: 2024

Interior

Features

  • Appliances: Dryer, Microwave, Oven, Refrigerator, Washer

Measurements

  • Living Area: 3,692

Rooms

  • Basement: Finished
  • Has Basement: Yes
  • Bathrooms Total Integer: 4
  • Bedrooms Total: 8

Other

General

  • Exclusions: Tenants personal property

Location

  • Subdivision Name: Highland Park

Schools

Elementary School

  • Elementary School: Lansing
  • Elementary School District: Adams-Arapahoe 28J

High School

  • High School: Aurora Central
  • High School District: Adams-Arapahoe 28J

Middle or Junior School

  • Middle Or Junior School: South
  • Middle Or Junior School District: Adams-Arapahoe 28J

Utilities

Equipment

  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas
  • Laundry Features: In Unit
  • Sewer: Public Sewer
  • Water Source: Public

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Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.