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Multifamily

Joliet Street Apartments

1601 Joliet St, Aurora, CO 80010

Listing Price: $3,450,000

Cap Rate
6.32%
Number of Units
24
GRM
8.51
Occupancy
92.0%
Price/Unit
$143,750

Investment Overview

Marcus & Millichap is pleased to present 1601 Joliet Street, a 24-unit multifamily asset
ideally located adjacent to the University of Colorado Anschutz Medical Campus in Aurora,
Colorado. The property features a mix of newly renovated one- and two-bedroom units,
offering renters a more affordable alternative to homeownership in a rapidly growing
submarket. Residents benefit from proximity to key employment and transportation
hubs, including the Colfax Light Rail Station, Fitzsimons Life Sciences District, Denver
International Airport, and Interstate 25. 1601 Joliet Street presents investors with the
opportunity to acquire a turnkey asset in a high-demand, supply-constrained rental market.

Investment Highlights

  • 1601 Joliet is a 24-unit site one block off Colfax, just 5 minutes from CU Anschutz & Fitzsimons, a growing biotech hub projected to employ 46,000+ and drive major area development.
  • 1601 Joliet is just 21 minutes from DIA, Colorado's largest employer, which serves 82M+ passengers annually and is undergoing a $1.3B expansion to support 100M passengers by 2028.
  • 1601 Joliet offers strong transit access, just 2.2 miles from Colfax Station on RTD's R Line, connecting residents to DTC, Downtown, Boulder, and major job hubs along I-25 and U.S. 36.

Exclusively Listed By

Multifamily

Joliet Street Apartments

Listing Price: $3,450,000

Cap Rate
6.32%
Number of Units
24
GRM
8.51
Occupancy
92.0%
Price/Unit
$143,750

Investment Highlights

  • 1601 Joliet is a 24-unit site one block off Colfax, just 5 minutes from CU Anschutz & Fitzsimons, a growing biotech hub projected to employ 46,000+ and drive major area development.
  • 1601 Joliet is just 21 minutes from DIA, Colorado's largest employer, which serves 82M+ passengers annually and is undergoing a $1.3B expansion to support 100M passengers by 2028.
  • 1601 Joliet offers strong transit access, just 2.2 miles from Colfax Station on RTD's R Line, connecting residents to DTC, Downtown, Boulder, and major job hubs along I-25 and U.S. 36.

Investment Overview

Marcus & Millichap is pleased to present 1601 Joliet Street, a 24-unit multifamily asset ideally located adjacent to the University of Colorado Anschutz Medical Campus in Aurora, Colorado. The property features a mix of newly renovated one- and two-bedroom units, offering renters a more affordable alternative to homeownership in a rapidly growing submarket. Residents benefit from proximity to key employment and transportation hubs, including the Colfax Light Rail Station, Fitzsimons Life Sciences District, Denver International Airport, and Interstate 25. 1601 Joliet Street presents investors with the opportunity to acquire a turnkey asset in a high-demand, supply-constrained rental market.

Exclusively Listed By

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