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Downtown Boulder Multifamily Investment Opportunity

1020 Maxwell Ave, Boulder, CO 80304

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For Sale

$4,900,000

Trophy 9-unit multifamily asset in the heart of Downtown Boulder.

Type:Commercial

HighLights

Significant rent upside potential with rents currently below market value.
Prime Downtown Boulder location, steps from Pearl Street Mall and Boulder Creek Path.
Rare, high‑quality asset in a supply‑constrained residential neighborhood.
All units are spacious 2‑bedroom / 1‑bathroom, a highly desirable floorplan.
Central A/C in each unit, a rarity in older Boulder properties.
Garage and off‑street parking available.

We can help!

Listing Contact

Luke Salazar

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For Sale

$4,900,000

Trophy 9-unit multifamily asset in the heart of Downtown Boulder.

Type:Commercial

Added:: Apr 24, 2026
Days on Market:: 52
Last Refresh:: Apr 24 at 4:27 pm

Property Features for 1020 Maxwell Ave

General Information

Standard status: Active
Property subtype: Commercial

Building Details

Year Built: 1963

We can help!

Listing Contact

Luke Salazar

Listing agent Luke Salazar

Listing office PINNACLE REAL ESTATE ADVISORS

Listing date Apr 24, 2026

Source Elliman

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 PINNACLE REAL ESTATE ADVISORS

HighLights

Significant rent upside potential with rents currently below market value.
Prime Downtown Boulder location, steps from Pearl Street Mall and Boulder Creek Path.
Rare, high‑quality asset in a supply‑constrained residential neighborhood.
All units are spacious 2‑bedroom / 1‑bathroom, a highly desirable floorplan.
Central A/C in each unit, a rarity in older Boulder properties.
Garage and off‑street parking available.

Overview

The Maxwell Lofts, a 9-unit multifamily property, is located in Downtown Boulder, Colorado. The property is situated in a desirable residential neighborhood. The building consists of spacious 2-bedroom / 1-bathroom units, a floorplan that appeals to roommates, young professionals, graduate students, and small families. Each unit includes central A/C and garage and off-street parking in the rear. Rents are averaging approximately $2,185 per month, but market rents are estimated in the $3,300–$3,400 range. The property is located steps from Pearl Street Mall, Boulder Creek Path, and near the University of Colorado Boulder. The property benefits from walkability, lifestyle appeal, and proximity to employment centers. Downtown Boulder experiences rental demand due to limited developable land and high barriers to entry. The property has a bike score of 91, walk score of 90, and transit score of 53.

Location Intelligence

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Apartment buildings

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Local Demand

City: Boulder
County: Boulder
State: Colorado
Longitude: -105.2835267
Latitude: 40.0213336

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For sale
Apartment buildings
CO
Boulder
80304
1020 Maxwell Ave

What type of property is this?

Apartment building - Trophy 9-unit multifamily asset in the heart of Downtown Boulder.

Where is this apartment building located?

The property is located at 1020 Maxwell Ave Boulder, CO.

What is the asking price?

The asking price for this property is $4,900,000.

What are key features of this property?

This property features: Significant rent upside potential with rents currently below market value.; Prime Downtown Boulder location, steps from Pearl Street Mall and Boulder Creek Path.; Rare, high‑quality asset in a supply‑constrained residential neighborhood.