Downtown Boulder Multifamily Investment
For Sale
$4,900,000
1020 Maxwell Ave, Boulder, CO 80304
Trophy 9-unit multifamily asset in the heart of Downtown Boulder.
Days on Market98
Property Features for 1020 Maxwell Ave
General Information
Standard status
Active
Property subtype
Commercial
Building Details
Year Built
1963
Listing Agency:
PINNACLE REAL ESTATE ADVISORS
(303) 962-9534
Listed By:
Luke Salazar
(303) 962-9534
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 30 at 12:16PM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,281
Businesses Nearby
Explore this area
Business Placement
Demographics for 80304, CO
27,532
Population
11,717
Households
2.3
Avg Household Size
41
Median Age
78%
College-Educated
95%
High-School Grad
9.0 sq mi
ZIP Area
3,059
Density / Sq Mi
$121,534
Median Household Income
$60,155
Median Earnings
$1,956
Median Rent
$1,166,100
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
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.
