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Luxury Apartments in Historic Louisville

1140 Cannon Street, Louisville, CO 80027

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For Sale

$42,000,000

Boutique apartment building near Downtown Louisville and Boulder.

Type:Multifamily

Property size:

130,000 SF

Price / SF:

$323/SF

HighLights

Boutique luxury community in Historic Downtown Louisville, just 10 minutes from Boulder.
Attractive assumable loan through Freddie Mac, originated by Wells Fargo.
Deal of scale with 130 units and 130,000 SF in a supply‑restrained market.
Less than 10‑year‑old construction, built in 2017.
Mid to large unit sizes and a healthy unit mix.
Comparatively low basis for the Boulder County submarket.

We can help!

Contact an agent

Mike Krebsbach

For Sale

$42,000,000

Boutique apartment building near Downtown Louisville and Boulder.

Type:Multifamily

Property size:

130,000 SF

Price / SF:

$323/SF

Added:: Nov 21, 2025
Days on Market:: 230
Last Refresh:: May 19 at 10:30 pm

Property Features for 1140 Cannon Street

General Information

Standard status: Active
Size: 130,000 SF
Property subtype: Multifamily

Building Details

Year Built: 2017

We can help!

Contact an agent

Mike Krebsbach

Listing office

Listing date Nov 21, 2025

Source Pinnaclerea

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 Mike Krebsbach

HighLights

Boutique luxury community in Historic Downtown Louisville, just 10 minutes from Boulder.
Attractive assumable loan through Freddie Mac, originated by Wells Fargo.
Deal of scale with 130 units and 130,000 SF in a supply‑restrained market.
Less than 10‑year‑old construction, built in 2017.
Mid to large unit sizes and a healthy unit mix.
Comparatively low basis for the Boulder County submarket.

Overview

This property features a 130,000 square foot building constructed in 2017, containing 130 units. The property offers a mix of mid to large unit sizes and various additional income opportunities, providing a foundation for stable returns. Positioned as a boutique luxury community, it is located within Historic Downtown Louisville, and 10 minutes from Boulder. The location offers a blend of small-town comfort and adventurous appeal. The property is located steps from Downtown Louisville and across from designated Open Space.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$4.37M	$33.60
− Vacancy	−$253.3k	−$1.95
EGI	$4.11M	$31.65
− OpEx	−$1.85M	−$14.24
NOI	$2.26M	$17.41

130,000 SF · lease $33.60/SF/yr · vacancy 5.80% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$32.33M

$28.29M – $37.72M (±1% cap)

NOI $2,263,061 @ 7.0% cap · market cap 5.39%

Second Best

—

no second resolved use

Theoretical Best

Office A

$39.22M

$34.32M – $45.76M (±1% cap)

NOI $2,745,600 @ 7.0% cap · market cap 6.54%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

Map
Local Demand

City: Louisville
County: Boulder
State: Colorado
Longitude: -105.171
Latitude: 39.9475

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For sale
Apartment buildings
CO
Louisville
80027
1140 Cannon Street

What type of property is this?

Apartment building - Boutique apartment building near Downtown Louisville and Boulder.

Where is this apartment building located?

The property is located at 1140 Cannon Street Louisville, CO.

What is the asking price?

The asking price for this property is $42,000,000.

What are key features of this property?

This property features: Boutique luxury community in Historic Downtown Louisville, just 10 minutes from Boulder.; Attractive assumable loan through Freddie Mac, originated by Wells Fargo.; Deal of scale with 130 units and 130,000 SF in a supply‑restrained market.