58-bed, 58-bath residential income in NITEMARE SUBD

Active$5,700,000

MLS® Listing#3201174 · Residential Income · Listed Oct 9, 2026

11852 E 16th Ave, Aurora, CO 80010

NITEMARE SUBD · Adams County

Showing 5 of 9 photos

58Beds

58Baths

40,869Sq Ft

1973Year built

Description

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.

Full description online — scan the code for the complete listing.

Property information

Property type: Residential Income
Year built: 1973
Living area: 40,869 Sq Ft
Annual taxes (2025): $55,760
HOA fee: None
Price / Sq Ft: $139
Days on market: 19

Features

Heating: Baseboard
Parking: Off Street
Construction: Frame
Sewer / Water: Public Sewer

$5,700,000List price

58Beds

58Baths

40,869Sq Ft

1973Year built

112Garage

2 weeks agoOn market

$5,700,000

11852 E 16th Ave

Aurora, CO 80010

Active

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EXIT Mosaic RealtyCentennial, COCall

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Description

Property Information

Property type: Residential Income
Year built: 1973
Living area: 40,869 Sq Ft
Garage spaces: 112
Parking spaces: 112
Days on market: 19
MLS^® Listing#: 3201174

Property Features

Heating: Baseboard
Parking: Off Street
Construction: Frame
Roof: Other
Sewer: Public Sewer

Schools

Elementary: Montview
Middle: North
High: Aurora Central

Financial Details

HOA: None
Annual taxes: $55,760Tax year 2025

Aurora Market Statistics

How this home compares to 4,136 active listings in Aurora, CO

	Aurora median	This listing
Median listing price	$449,900	$5,700,000
Median days on market	68	19
Median Sq Ft	1,694	40,869
Median price / Sq Ft	$248	$139

Market statistics compiled from active EXIT Realty® and MLS listings in Aurora, CO.

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Connect with a Local Real Estate Expert

Stephan Poullier
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Description

Property Information

Property Features

Schools

Financial Details

Aurora Market Statistics

Commute Calculator

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Connect with a Local Real Estate Expert

Stephan Poullier

Tasha Beckman

Nicole Robilotto

Amanda Edmondson

Marina-Jeanne Lewallen

Amy Ashby

Aurora Market Statistics

More homes to consider

1608 Oakland StAurora, CO 80010#9062371

1608 Oakland StreetAurora, CO 80010#9062371

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