Student Housing Apartment
For Sale
$4,500,000
1325-1395 19th St, Boulder, CO 80302
Two-building residential asset with RH-1 zoning, on-site parking, and proximity to CU Boulder and The Hill.
Property Size8,584 SF
Lot Size0.32 Acres
Price / SF$524.23
Days on Market88
Property Features for 1325-1395 19th St
General Information
Standard status
Active
Size
8,584 SF
Total Parking Spaces
15
Lot size
0.32 Acres
Zoning
RH-1
Occupancy
100%
Financials
Asking Price
$4,500,000
Gross Income
$319,860
Units
Unit Mix
4 x 3BD/1.5BA, 4 x 2BD/1.5BA, 1 x 4BD/1.5BA
Multifamily Units
9
Building Details
Buildings
2
Tenancy
Multi
Listing Agency:
Brian A. Merrion, Broker
Listed By:
Brian Merrion · License #01940486
(415) 802-1400
Source:
Expcommercial
Added: Jul 20
Changed: Oct 15
Last Checked: Oct 14 at 7:33PM
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 Brian A. Merrion, Broker
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This apartment property comprises two buildings totaling 9 units and 24 beds. The primary structure is an 8-unit, two-story townhome-style building with four 3BD/1.5BA units and four 2BD/1.5BA units. A detached 4BD/1.5BA cottage completes the offering. Combined building area is 8,584 SF, and the 13,963 SF parcel provides 15 on-site parking spaces. The property is 100% occupied and has an established university-rental history.
Located one block from CU Boulder and The Hill, the asset sits on a corner lot at 19th and Marine. RH-1 zoning is identified for the property, and the site is positioned within walking distance of the university. The 1395 building received a complete roof replacement in 2025. Due diligence materials include 2025 operating financials, a current rent roll, a professional inspection report, and sewer scope reports for both buildings.
Located one block from CU Boulder and The Hill, the asset sits on a corner lot at 19th and Marine. RH-1 zoning is identified for the property, and the site is positioned within walking distance of the university. The 1395 building received a complete roof replacement in 2025. Due diligence materials include 2025 operating financials, a current rent roll, a professional inspection report, and sewer scope reports for both buildings.
Key Highlights
- 9 units and 24 beds across two buildings
- 8,584 SF of total building area on a 13,963 SF RH‑1 corner lot
- Unit mix includes four 3BD/1.5BA, four 2BD/1.5BA, and one 4BD/1.5BA cottage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$135,262
Cap Rate
3.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,705,240
$2.7M
Cap Rate 7%
$1,932,314
$1.9M
Cap Rate 9%
$1,502,911
$1.5M
Market Conditions
NOI Build-Up for 8,584 SF
Gross rent
$257.5K $30.00/SF
− Vacancy
−$11.6K −$1.35/SF
EGI
$245.9K $28.65/SF
− OpEx
−$110.7K −$12.89/SF
NOI
$135.3K $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%
$2,705,240
Cap Rate 7%
$1,932,314
Cap Rate 9%
$1,502,911
Alternative Uses
Best Use
Apartment 5plus
$1.93M
$1.69M – $2.25M
NOI $135,262 @ 7.0% cap · market cap 3.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.90M
$2.54M – $3.38M
NOI $203,049 @ 7.0% cap · market cap 4.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
9
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
5,875
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Two-building residential asset with RH-1 zoning, on-site parking, and proximity to CU Boulder and The Hill.
Where is this apartment building located?
The property is located at 1325-1395 19th St Boulder, CO.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: 9 units and 24 beds across two buildings; 8,584 SF of total building area on a 13,963 SF RH‑1 corner lot; Unit mix includes four 3BD/1.5BA, four 2BD/1.5BA, and one 4BD/1.5BA cottage
