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Sold on 04/17/2023

1216 Pleasant St, Boulder, CO 80302

$2,160,000

Last sold 04/17/2023 after 48 Days

  • —

    bed

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    bath

Multi-family not for sale
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About 1216 Pleasant St

Property type Multi-family
Neighborhood
Year built 1920
HOA fee $0/month
Lot size 4,792 Sqft
Rental estimate
Property description
1216 Pleasant Street is a six unit apartment building in a prime location on University Hill. There are 4 one-bed apartments and 2 studio apartments all leased through 07/2023. Existing rents total $125,040 per annum + additional fees for grounds and utilities. Pre-leasing for the 2023-2024 school year is underway. Projected rents are $138,120 and additional income is: $85/mo/unit for utility fund + $30/mo/unit for grounds + $300/month estimated for parking. Students love 1216's proximity to CU Campus, living in private units that have been fully updated and having shared laundry and parking onsite.
Listed by
Listing Agent - Heidi Schamber
Listing Agent Contact: 3034445040
Listing Office - Todd Walsh, CCIM
Source: IRESMLS mls logo
MLS#982616 • last updated 1 year ago
Movoto checked IRESMLS for data 6 minutes ago
Overview
Heating Forced Air
Levels/Style Tri-Level
MLS # 982616
Type Residential Income
Status Sold
SubType Multi Family
Lot Size (Acres) 0.11
Annual Tax 10964
Interior
Basement Partial
Exterior
Roof Composition
Construction Brick
Patio & Porch Patio
Lot Features Paved, Curbs, Gutters, Sidewalks, Street Light, Alley
Amenities / Utilities
Utilities Natural Gas Available, Electricity Available
Electricity Xcel Energy
Water Source City
Appliances Electric Range, Dishwasher, Refrigerator, Washer, Dryer, Microwave, All Appliances, Fire Alarm
Location
View City
County Boulder
Community Features Community Laundry
Subdivision CAPITOL HILL - BO
Middle School Casey
High School District Boulder Valley Dist RE2
APN R0006617
Directions From Broadway, Head West On Pleasant Street And The Property Is On The Left, Just After The Alley.
Multifamily Details
Tenant Pays Gas, Electricity, Parking Fee
Total # of Units 6
Cap Rate 5.32
Operating Expense 32944
Income Includes Lease/Rents, Common Area Fees
Gross Income 150000
Lot/ Land Details
Possible Use Multi-Family
Road Frontage City Street
Road Surface Asphalt
We are not permitted to show value estimates for this property.
  • Apr 2023
    mls logo MLS # 982616
  • Apr 17, 2023 Sold
    $2,160,000 (-1.8%)
  • Feb 28, 2023 Listed
    $2,200,000
  • Year Property taxes Tax assessment
  • 2025
    $13,153 -10.7%
    $132,863 -18.1%
  • 2024
    $14,731 +1.9%
    $162,234 -2.22%
  • 2023
    $14,460
    $165,919
  • 1216 Pleasant St
    $2.16M
  • University Hill
    $479K -70% y/y
  • 80302
    $1.35M -15% y/y
  • Boulder
    $998K -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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