Small VTOL platforms envisioned for Urban Air Mobility (UAM) require compact and high–disk-loading propulsion systems, for which coaxial propellers are a suitable option. While counter-rotating coaxial propellers have been widely studied due to their torque-cancellation advantages, combined experimental and CFD-based research on coaxial co-rotating systems remains limited. This study investigates the aerodynamic performance of such a system using RANS-based CFD simulations, complemented by parallel experiments for validation. A pair of 18-inch, two-bladed propellers was arranged in a stacked layout, with mounting angle and inter-rotor spacing treated as key design variables. Results indicate that rotor–rotor interference leads to a maximum Figure of Merit (FoM) of 0.51 when the upper rotor leads at H/D = 0.07 and index angle of +15°. Increasing axial spacing generally improves the performance of both the upper and lower rotors, with the maximum thrust of 17.5N obtained at H/D = 0.07 and +45°. These performance trends were confirmed experimentally, and differences between CFD predictions and measurements remained within 5% for thrust and 6% for torque, demonstrating strong agreement. This study identifies influential design parameters for coaxial co-rotating propeller systems and provides a validated numerical methodology, offering a useful foundation for future high-efficiency Electric Distributed Propulsion System (EDPS) development.