Two-Building Student Housing
1395 19th St Boulder, CO 80302
New
For Sale
$4,500,000
Two-building multifamily property with townhouse-style units and a detached cottage, fully occupied near CU Boulder.
Property Size8,584 SF
Lot Size0.32 Acres
Price / SF$524.23
Days on Market4
Property Features for 1395 19th St
General Information
- Standard status
- Active
- Size
- 8,584 SF
- Lot size
- 0.32 Acres
- Property subtype
- Investment
Building Details
- Year Built
- 1942
Listing Agency:
(303) 442-5001
Listed By:
Nora Fan
(303) 442-5001
Source:
Elliman
Added: Jul 21
Changed: Jul 22
Last Checked: Jul 23 at 9:04AM
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 Nora Fan
Investment Insights
Based on property information with market context.
Two-building multifamily student housing offering totaling nine units on a high-density corner lot zoned RH-1. The primary building is an 8-unit, two-story town-home style apartment building with four 3BD/1.5BA units and four 2BD/1.5BA units. A detached 4BD/1.5BA cottage rounds out the mix. Total building area is 8,584 SF, with 15 on-site parking spaces. The property is currently 100% occupied.
The buildings are located one block from CU Boulder and The Hill, with walkable access to the CU quad and nearby shopping and dining. Transit service is described as good, with very walkable and very bikeable scores reported for the area.
In-place income is $26,655 per month ($319,860 per year). Capital items include a 2025 roof replacement for the 1,395 building. A due diligence package is available upon request, including 2025 operating financials, current rent roll, professional inspection report, and sewer scope reports for both buildings. Shown by appointment only; please do not disturb tenants.
The buildings are located one block from CU Boulder and The Hill, with walkable access to the CU quad and nearby shopping and dining. Transit service is described as good, with very walkable and very bikeable scores reported for the area.
In-place income is $26,655 per month ($319,860 per year). Capital items include a 2025 roof replacement for the 1,395 building. A due diligence package is available upon request, including 2025 operating financials, current rent roll, professional inspection report, and sewer scope reports for both buildings. Shown by appointment only; please do not disturb tenants.
Key Highlights
- Two‑building multifamily near CU Boulder: 8‑unit town‑home style building plus detached 4BD/1.5BA cottage
- 9 total units: four 3BD/1.5BA and four 2BD/1.5BA apartments, plus the detached 4BD/1.5BA cottage
- Held in same family for decades and currently 100% occupied with a proven University rental history
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $257.5k | $30.00 |
| − Vacancy | −$11.6k | −$1.35 |
| EGI | $245.9k | $28.65 |
| − OpEx | −$110.7k | −$12.89 |
| NOI | $135.3k | $15.76 |
8,584 SF · lease $30.00/SF/yr · vacancy 4.50% · expense 45.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Two-building multifamily property with townhouse-style units and a detached cottage, fully occupied near CU Boulder.
Where is this apartment building located?
The property is located at 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: Two‑building multifamily near CU Boulder: 8‑unit town‑home style building plus detached 4BD/1.5BA cottage; 9 total units: four 3BD/1.5BA and four 2BD/1.5BA apartments, plus the detached 4BD/1.5BA cottage; Held in same family for decades and currently 100% occupied with a proven University rental history
