13-Unit Student Housing
1090 11th St, Boulder, CO 80302
For Sale
$4,600,000
Pending
Each residence has a private bathroom, kitchen, living area, and separate storage space.
Property Size9,308 SF
Days on Market11
Property Features for 1090 11th St
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
Full
Window Coverings
Appraiser
Fenced,Wood
Corner Lot,Level,House Faces West
Public
9223
Less Than 1
7
0.21
No
Building Details
Year Built
Buildings
Listing Agency:
RE/MAX of Boulder, Inc
(970) 594-9228
Listed By:
Juliane Mosebar
Source:
Focalrealestategroup
Added: Oct 31
Changed: Nov 9
Last Checked: Nov 9 at 8:01AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX of Boulder, Inc
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Investment Insights
Based on property information with market context.
Built in 1923, this 9,308-square-foot apartment building contains 13 student housing units: 10 one-bedroom apartments, one studio, and two two-bedroom units on the top floor. Individual residences have their own kitchens, bathrooms, living areas, and separate storage. Kitchen equipment includes gas ranges, refrigerators, and sinks with garbage disposals. Bathrooms have tub showers, except for the basement studio, which has a shower. Flooring varies among hardwood, carpet, tile, and wood laminate. Radiant heat serves each unit, and tenants may install window air-conditioning units.
The property occupies a corner lot at 11th Street and College Avenue in University Hill, Boulder. It is zoned RL-1.
The property occupies a corner lot at 11th Street and College Avenue in University Hill, Boulder. It is zoned RL-1.
Key Highlights
- 13 units: 10 one‑bedroom apartments, one studio, and two two‑bedroom units
- 9,308 square feet; built in 1923
- Separate kitchen, bathroom, living area, and storage space in each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$146,671
Cap Rate
3.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,933,420
$2.9M
Cap Rate 7%
$2,095,300
$2.1M
Cap Rate 9%
$1,629,678
$1.6M
Market Conditions
NOI Build-Up for 9,308 SF
Gross rent
$279.2K $30.00/SF
− Vacancy
−$12.6K −$1.35/SF
EGI
$266.7K $28.65/SF
− OpEx
−$120.0K −$12.89/SF
NOI
$146.7K $15.76/SF
Area
Boulder, CO
Vacancy
4.50%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,933,420
Cap Rate 7%
$2,095,300
Cap Rate 9%
$1,629,678
Alternative Uses
Best Use
Apartment 5plus
$2.10M
$1.83M – $2.44M
NOI $146,671 @ 7.0% cap · market cap 3.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.15M
$2.75M – $3.67M
NOI $220,175 @ 7.0% cap · market cap 4.79%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Lease Details
13
Residential units
Location Intelligence
Trade Area within ½ mile
1,209
Businesses Nearby
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Business Placement
Demographics for 80302, CO
27,322
Population
13,556
Households
2
Avg Household Size
29
Median Age
75%
College-Educated
98%
High-School Grad
93.9 sq mi
ZIP Area
291
Density / Sq Mi
$60,649
Median Household Income
$19,586
Median Earnings
$1,850
Median Rent
$1,123,800
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Boulder, CO
Properties on Market for Apartment buildings in Boulder
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Each residence has a private bathroom, kitchen, living area, and separate storage space.
Where is this apartment building located?
The property is located at 1090 11th St Boulder, CO.
What is the asking price?
The asking price for this property is $4,600,000.
What are key features of this property?
This property features: 13 units: 10 one‑bedroom apartments, one studio, and two two‑bedroom units; 9,308 square feet; built in 1923; Separate kitchen, bathroom, living area, and storage space in each residence
