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58 Beds
58 Baths
40,869 sqft

$5,700,000

11852 E 16th Avenue, Aurora CO, 80010

Price per sqft$139.47
Built in1973
Property size40,869 sqft
Property typeMulti-family

Overview

Active

Listed Oct 9, 2026

Updated 20h ago

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.

$37,922/mo

Est. mortgage payment based on a $5,700,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
3201174

Interior Features

Bedrooms
58
Bathrooms
58
Cooling
Yes
Heating
Yes
Basement
No

Other Property Details

Taxes
$55,760
Tax Frequency
Annually
55+/Senior Community
No
MLS provider logo
Listed by Marcus & Millichap Real Estate Investment Services of Atlanta, Inc., Charles Burkhart, Listing Contact: [email protected],214-336-6064 
 

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