About 11948 E 17th Avenue
11948 E. 17th Avenue presents an exceptional value-add opportunity with significant upside in one of Metro Denver's strongest rental markets. This approved short sale features 18 apartment units directly across from the CU Anschutz Medical Campus and is priced at just $2.1 million. The property includes five (5) three-bedroom, twelve (12) two-bedroom, and one (1) one-bedroom apartments, offering multiple strategies for increasing NOI through lease-up, renovations, and operational improvements. Investors may also explore mid-term rental opportunities to serve the area's growing healthcare workforce. With a projected after-repair value (ARV) of $2.8M–$2.9M, this is an outstanding opportunity for investors seeking immediate upside and long-term appreciation. Financial projections assume a $200,000 capital improvement investment during Year 1, resulting in a projected Year 2 pro forma cap rate of 8.84%. Approved Short Sale – Seller Encourages All Offers. Contact the listing team for the Offering Memorandum, financials, and a private tour.
Features of 11948 E 17th Avenue
| MLS® # | 8685558 |
|---|---|
| Price | $2,100,000 |
| Square Footage | 12,750 |
| Acres | 0.31 |
| Year Built | 1971 |
| Type | Commercial Sale |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 11948 E 17th Avenue |
|---|---|
| City | Aurora |
| County | Adams |
| State | CO |
| Zip Code | 80010 |
Amenities
| Parking Spaces | 17 |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Fireplace | No |
|---|
Exterior
| Lot Description | Corner Lot |
|---|
Additional Information
| Date Listed | July 27th, 2026 |
|---|---|
| Zoning | MU-FB |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Keller Williams Integrity Real Estate LLC |
|---|---|
| Contact Info | MichelleDirect@kw.com,720-575-2870 |
| Contact | MichelleDirect@kw.com,720-575-2870 |