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Sold on 03/24/2023

1056 11th St, Boulder, CO 80302

  • $1,713,000

    Last sold 03/24/2023 for $2.22M

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    bed

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About 1056 11th St

Property type Multi-family
Neighborhood
Year built 1923
HOA fee $0/month
Lot size 6,098 Sqft
Movoto estimate
Rental estimate
Property description
Estate liquidation. Burgess Group, Compass is proud to present 1056 11th St, a recently renovated duplex, 9 bedroom (with 8 rentable bedrooms) asset in the heart of University Hill in Boulder, CO. Consistently rented to sororities for top-dollar with steady annual increases, this extremely well-maintained property has outstanding cash flow with a projected cap rate of 5.6 on a NOI of $146,000, with room for additional parking income, improvements, and rent increases. Unit #1056 11th St is already leased for 2023-24 for $153,600; Just 3 blocks from CU campus and The Hill business district, this property has an ideal location and features a light, bright interior, vinyl plank flooring, new sewer line, a 2015 class 4 roof, 6 ft steel locking security fencing, Jellyfish LED exterior lights, and electric baseboard backup heat in each room. Over 40k worth of improvements done by the owner in the past two years. For more information about this property please visit our website at: https://bit.ly/1054_11th
Listed by
Listing Agent - Andy Burgess
Listing Agent Contact: 3035065669
Listing Office - Compas - Boulder
Source: IRESMLS mls logo
MLS#979140 • last updated 8 months ago
Movoto checked IRESMLS for data 13 minutes ago
Overview
Heating Radiator, 2 Or More Heat Sources
Levels/Style Two
MLS # 979140
Type Residential Income
Status Sold
SubType Single Family Residence
Lot Size (Acres) 0.14
Annual Tax 7802
Interior
Basement Full, Partially Finished, Walk-Out Access
Flooring Wood
Accessibility Features Level Lot, Level Drive, Near Bus
Window Features Skylight(s), Window Coverings
Interior Features Separate Dining Room, Wood Windows, Walk-In Closet(s), Washer/Dryer Hookup, Skylights, Outside Entry
Exterior
Roof Composition
Construction Frame, Brick, Stucco
Lot Features Level, Sloping Lot, Outbuildings, House Faces West, City Limits, Paved, Curbs, Gutters, Sidewalks, Alley, Fire Hydrant Within 500 Feet
Fencing Fenced, Metal
Amenities / Utilities
Green Features: Energy Efficiency Windows
Utilities Natural Gas Available, Electricity Available, Cable Available, Master Meter-Electric, Master Meter-Gas, High Speed Avail
Sewer/ Septic Public Sewer
Electricity Xcel
Water Source City
Appliances Electric Range, Dishwasher, Refrigerator, Washer, Dryer, Microwave, Disposal, Fire Alarm
Location
County Boulder
Subdivision University Place
Middle School Manhattan
High School District Boulder Valley Dist RE2
APN R0002458
Directions Use GPS
Multifamily Details
Tenant Pays Deposit, Gas, Electricity, Water, Sewer, Trash Collection
Total # of Units 2
Cap Rate 6.09
Operating Expense 15360
Income Includes Lease/Rents
Gross Income 161600
Lot/ Land Details
Possible Use Single Family, Multi-Family
Road Frontage City Street, Alley
Road Surface Asphalt
$1.71M
Range: $1.3M-$2.12M
Last 30 days 
Rental est.: $1,528/month
Gross rent multiplier: 121.3
  • Mar 2023
    mls logo MLS # 979140
  • Mar 24, 2023 Sold
    $2,225,000 (-7.3%)
  • Jan 26, 2023 Price Change
    $2,400,000 (-7.7%)
  • Nov 23, 2022 Listed
    $2,600,000
  • Nov 2022
    mls logo MLS # IR979140
  • Nov 23, 2022 Price Change
    $2,600,000 (+8.3%)
  • Nov 23, 2022 Listed
    $2,400,000 (-7.7%)
  • 1056 11th St
    $2.22M
  • University Hill
    $559K -67% y/y
  • 80302
    $1.42M -9% y/y
  • Boulder
    $999K -33% y/y
No chart available
Statistics calculated by Movoto

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8/10
Boulder High School
public Grades 9-12
Boulder Valley Re 2 School District
Source: GreatSchools.org © 2026. All rights reserved.

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