$4,200,000

Multi Family In Boulder

  • 11,880.0 Ac lot
  • Updated: Today
  • Source:
    REcolorado  MLS#1071796

About the Property

Located blocks from Pearl Street and CU Boulder, 1631 19th St offers a rare opportunity to acquire a 7-unit, 21-bedroom multifamily property in Boulder’s desirable Goss Grove neighborhood. The property totals approximately 7,400 SF and features two 2BR units, three 3BR units, two 4BR units, and 12 off-street parking spaces. Significant value-add potential remains across six units. Unit #1 was reno
Located blocks from Pearl Street and CU Boulder, 1631 19th St offers a rare opportunity to acquire a 7-unit, 21-bedroom multifamily property in Boulder’s desirable Goss Grove neighborhood. The property totals approximately 7,400 SF and features two 2BR units, three 3BR units, two 4BR units, and 12 off-street parking spaces. Significant value-add potential remains across six units. Unit #1 was renovated in 2025, providing a proof of concept for the proposed improvements. The renovation strategy includes interior upgrades, in-unit laundry, and floorplan modifications to increase the property from 21BR/10BA to 23BR/12BA. Proposed improvements include additional bathrooms in Units #3 and #4 and bedrooms in Units #4 and #7. The estimated renovation budget is $390K ($65K/unit). Ownership has invested approximately $300K in exterior capital improvements over the past five years, including roof, windows, siding/insulation, exterior staircases, and bathroom exhaust systems. At the $4.2M offering price, the property features a 5.58% stabilized as-is cap rate, based on $234,242 in modeled NOI. Following renovations, the pro forma projects $338,003 in stabilized NOI and a 7.36% unleveraged yield on total cost, including the $390K renovation budget. Projections are subject to permitting, renovation execution, lease timing, and buyer verification. No assumable loan or seller financing.
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  • Property type

    Other

  • Year built

    1900

Features

  • Investment Property
  • Renovated
  • Parking
  • Balcony
  • High Ceiling

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1631 19th St, Boulder, Colorado, United States View on Google Maps
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Live West Realty - Boulder

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Live West Realty - Boulder
Colorado, United States
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27
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2025
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Live West Realty - Boulder
Boulder, Colorado, United States
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Last updated
Today
First listed
November 7
Listing reference
1071796
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