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11852 E 16th Ave , Aurora, CO 80010

$5,700,000

58
beds
40,869
sqft
1973
year built

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.

Highlights

  • Residential Income
  • Quadruplex
  • Built in 1973
  • 30 days on Market

  • Bedrooms
    58
  • Year Built
    1973
  • Construction Materials
    Frame
  • Living Area
    40869.0
  • Cooling
    Other
  • Heating
    Baseboard


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Frequently Asked Questions

How do I schedule a tour of 11852 E 16th Ave?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 11852 E 16th Ave.

They know residential incomes in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 11852 E 16th Ave?

Click Ask a Question to talk with our team. You already know it is a 58 bed, N/A bath, listed for $5,700,000. We can talk through recent upgrades, potential seller motivation, how this quadruplex compares to others in Aurora, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 11852 E 16th Ave?

With a 20% down payment and a 30-year fixed loan at an illustrative 6.75% rate, the ez Mortgage Calculator estimates the monthly payment for 11852 E 16th Ave at around $35,553. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 11852 E 16th Ave?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Adams County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 11852 E 16th Ave?

In most cases, yes. Whether 11852 E 16th Ave is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Aurora's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 11852 E 16th Ave?

We can handle that for you. Our preferred local agent specializes in residential incomes in Aurora and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $5,700,000 with 40,869 sqft of space—that comes out to approximately $139 per square foot.

How long has this property been on the market?

11852 E 16th Ave was listed on October 09, 2026, which means it's been on the market for 30 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 1973, making it approximately 53 years old.

What schools are assigned to this property?

Based on MLS info, this home is zoned for:

  • Elementary: Montview
  • Middle: North
  • High: Aurora Central

Want to see how these schools compare? Check out our Adams County School Guide to see ratings, reviews, and more for the schools in the area.

What are the property taxes for 11852 E 16th Ave?

The most recent public record shows annual property taxes for 11852 E 16th Ave were approximately $55,760. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.

Is 11852 E 16th Ave still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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Listing information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. Copyright 2026, REcolorado. All rights reserved.

Last Updated: November 08, 2026 at 12:56AM | Source: REcolorado | MLS#: 3201174