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3200 Madison Avenue Boulder, CO 80303

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For Sale
$2,900,000

Six-unit multifamily property near the University of Colorado Boulder.

Type:Commercial
Property size:
4,420 SF
Lot size:
0.16 Acres
Added:
Mar 27, 2026
Days on Market:
7
Last Refresh:
Mar 27 at 8:06 pm

Property Features for 3200 Madison Avenue

General Information

Standard status
Active
Size
4,420 SF
Lot size
0.16 Acres
Property subtype
Commercial

Building Details

Year Built
1963

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Listing Contact
LUKE SALAZAR

Listing agent LUKE SALAZAR

Listing office PINNACLE REAL ESTATE ADVISORS

Listing date Mar 27, 2026

Source Corcoran

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


Overview

Boulder Multifamily Investment Opportunity

The property at 3200 Madison Avenue is a six-unit multifamily asset located in Boulder, Colorado, near the University district. The property consists entirely of two-bedroom, one-bathroom units, configured for roommate-style living. The unit mix is suited for students and young professionals seeking proximity to campus and surrounding amenities. The property benefits from consistent rental demand due to annual enrollment, limited on-campus housing, and Boulder’s housing constraints. The two-bedroom layout allows tenants to split rent, maintaining affordability while supporting per-unit revenue. Rents are currently averaging approximately $2,000 per month and local property management feedback indicates achievable market rents in the $2,350-$2,450 range. In addition to its proximity to campus, the property benefits from access to major transit corridors, neighborhood retail, and Boulder’s outdoor amenities. The property is 4,420 square feet. The relocation of the Sundance Film Festival beginning in January 2027 is set to further raise Boulder’s national profile. The property represents an opportunity to acquire a student-oriented multifamily asset.
Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Restaurant Law Firm Real Estate Agency Dental Office Hair Salon Spa & Massage Center Nail Salon Food Market Grocery & Convenience Store Daycare Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Boulder
County
Boulder
State
Colorado
Longitude
-105.2508819
Latitude
40.0058931

FAQs

What type of property is this?
Apartment building - Six-unit multifamily property near the University of Colorado Boulder.
Where is this apartment building located?
The property is located at 3200 Madison Avenue Boulder, CO.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Prime Location: Close to the University of Colorado Boulder, ensuring consistent rental demand.; Value‑Add Opportunity: Below‑market rents with potential to increase.; Ideal Unit Configuration: All units are 2‑bedroom/1‑bathroom, perfect for roommate‑style living.
More about this property
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