Apartment Building with
1945 Canyon Blvd, Boulder, CO 80302
For Sale
$5,850,000
Residential Income, Boulder, CO
Property Size12,582 SF
Lot Size0.44 Acres
Price / SF$464.95
Days on Market1029
Property Features for 1945 Canyon Blvd
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Patio and Porch features
Interior features
Appliances
Subdivision
Lot features
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Utilities
Sewer type
Heating system
Cooling system
Amenities
off street parking
carport
courtyard with picnic tables
in wall a/c units
Building Details
Year built
Floors in Building
Number of units
Building materials
Roof type
Architectural style
Listing Agency:
RE/MAX Alliance-Boulder · RE/MAX International
(303) 442-3180
Listed By:
Robert Chambers
(720) 201-3031
Added: Jan 17, 2024
Changed: Nov 3
Last Checked: Nov 10 at 12:06AM
MLS# 1001751
Copyright © 2026 IRES MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 12,582-square-foot apartment property occupies 0.44 acres and was built in 1972. The contemporary frame building includes 20 bedrooms and 13 bathrooms, with open floorplans, baseboard heating, wall and window air-conditioning units, and a deck. Exterior improvements include a new roof, new asphalt paving, a courtyard with picnic tables, off-street parking, and a carport. The property is zoned Multi Res and served by public sewer, with natural gas available.
Located at 1945 Canyon Blvd in Boulder, the property sits next to Canyon Park and is a short distance from Pearl Street and 29th Street. CU and Naropa are within walking distance, while RTD access and nearby trails add to the surrounding connectivity. Showings require 48 hours’ notice and are available Monday through Friday from 11 a.m. to 2 p.m.
Located at 1945 Canyon Blvd in Boulder, the property sits next to Canyon Park and is a short distance from Pearl Street and 29th Street. CU and Naropa are within walking distance, while RTD access and nearby trails add to the surrounding connectivity. Showings require 48 hours’ notice and are available Monday through Friday from 11 a.m. to 2 p.m.
Key Highlights
- 12,582 SF apartment property on 0.44 acres
- 20 bedrooms and 13 bathrooms
- New roof and new asphalt paving
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$198,261
Cap Rate
3.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,965,220
$4.0M
Cap Rate 7%
$2,832,300
$2.8M
Cap Rate 9%
$2,202,900
$2.2M
Market Conditions
NOI Build-Up for 12,582 SF
Gross rent
$377.5K $30.00/SF
− Vacancy
−$17.0K −$1.35/SF
EGI
$360.5K $28.65/SF
− OpEx
−$162.2K −$12.89/SF
NOI
$198.3K $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%
$3,965,220
Cap Rate 7%
$2,832,300
Cap Rate 9%
$2,202,900
Alternative Uses
Best Use
Apartment 5plus
$2.83M
$2.48M – $3.30M
NOI $198,261 @ 7.0% cap · market cap 3.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.25M
$3.72M – $4.96M
NOI $297,620 @ 7.0% cap · market cap 5.09%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
3,907
Businesses Nearby
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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
$1,123,800
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Boulder, CO
Properties on Market for Apartment buildings in Boulder
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Multi-residential property with a courtyard, off-street parking, carport, and convenient access to nearby trails and transit.
Where is this apartment building located?
The property is located at 1945 Canyon Blvd Boulder, CO.
What is the asking price?
The asking price for this property is $5,850,000.
What are key features of this property?
This property features: 12,582 SF apartment property on 0.44 acres; 20 bedrooms and 13 bathrooms; New roof and new asphalt paving
