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1395 19th St, Boulder, CO 80302

  • $4,500,000

  • bed

  • bath

Multi-family for sale 7 days
Movoto is helping 17 homebuyers near you

About 1395 19th St

Property type Multi-family
Neighborhood
Year built 1942
HOA fee $0/month
Lot size 0.32 Acre
Rental estimate
Property description
Generational CU Boulder student housing opportunity - 9 units one block from campus and The Hill, offered at $4,500,000. Assets like this trade once a generation: the property has been held by the same family ownership for decades, and now comes to market 100% occupied with a proven University rental history.The offering consists of two buildings on a 13,963 SF (0.32-acre) high-density RH-1 corner lot at 19th & Marine: an 8-unit 2 Story Town-home style apartment building featuring four 3BD/1.5BA and four 2BD/1.5BA units, plus a detached 4BD/1.5BA cottage - 8,584 SF of total building area with 15 on-site parking spaces, a rarity this close to campus.In-place income is $26,655/month ($319,860/year) with immediate, documentable upside: current rents sit below prevailing market medians ($3,800 3BD / $2,425 2BD / $4,975 4BD per current comp surveys within one mile), supporting approximately $358,000 gross at market - roughly 12% organic growth captured on natural turnover, no renovation required. The predictable academic leasing cycle allows a new owner to mark units to market annually while maintaining effectively zero vacancy.Location is amazing. Walk to the CU quad, The Hill's shops and restaurants, and minutes to Pearl Street. Boulder's strict growth boundaries, height limits, and near-zero new supply pipeline - combined with CU's 35,000+ enrollment - create structural, recession-resistant rental demand that cannot be built away. RH-1 zoning preserves long-term density and redevelopment optionality on a true corner parcel.Capital items addressed: 2025 roof replacement (1395 building). Comprehensive due diligence package available upon request, including 2025 operating financials, current rent roll, professional inspection report, and sewer scope reports for both buildings - a transparency level rarely offered, enabling buyers to underwrite with confidence and move quickly.Shown by appointment only; please do not disturb tenants.
Listed by
Listing Agent - Nora Fan
Listing Agent Contact: 3035215139
Listing Office - Coldwell Banker Res-CanyonBlvd
Source: IRESMLS mls logo
MLS#1064623 • last updated 1 week ago
Movoto checked IRESMLS for data 37 minutes ago
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Overview
Heating Forced Air
Levels/Style Two
MLS # 1064623
Type Residential Income
Status Active
Lot Size (Acres) 0.32
Annual Tax 24060
Interior
Basement None
Exterior
Roof Composition
Construction Stone, Wood Siding
Patio & Porch Deck
Lot Features Sidewalks
Amenities / Utilities
Utilities Natural Gas Available
Water Source City
Appliances Electric Range, Dishwasher, Refrigerator, Washer, Dryer
Location
County Boulder
Subdivision TR, NBR 158, 160, 162
Middle School Manhattan
High School District Boulder Valley Dist RE2
APN R0005852
Multifamily Details
Tenant Pays Deposit, Gas, Electricity, Water, Trash Collection
Total # of Units 9
Cap Rate 6.78
Operating Expense 24060
Gross Income 329022
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Source: GreatSchools.org © 2026. All rights reserved.

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