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    3200 Madison Ave Boulder, CO 80303

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    For Sale
    $2,900,000

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

    Type:Commercial
    Added:
    Apr 24, 2026
    Days on Market:
    6
    Last Refresh:
    Apr 24 at 4:27 pm

    Property Features for 3200 Madison Ave

    General Information

    Standard status
    Active
    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 Apr 24, 2026

    Source Elliman

    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 Asset Near University

    The property at 3200 Madison Avenue is a six-unit multifamily asset located in Boulder, Colorado, near the University district. The property is configured with two-bedroom, one-bathroom units, suitable for roommate-style living. The unit mix is designed for students and young professionals seeking proximity to campus and surrounding amenities. The property benefits from consistent rental demand due to its location near the University of Colorado Boulder. The two-bedroom layout allows tenants to split rent, maintaining affordability. Current rents average approximately $2,000 per month and are below market levels. Achievable market rents are estimated in the $2,350-$2,450 range. The property benefits from access to major transit corridors, neighborhood retail, and Boulder’s outdoor amenities. Boulder’s profile is set to rise further with the relocation of the Sundance Film Festival beginning in January 2027. The property serves the student demographic, and broader citywide demand growth supports overall rental strength and long-term asset appreciation. The property is a student-oriented multifamily asset with operational upside in a supply-constrained rental market. The bike score is 88, indicating it is very bikeable. The walk score is 87, indicating it is very walkable. The transit score is 60, indicating good transit. It can be purchased separately or together with 1020 Maxwell Ave.
    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 Ave 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 near the University of Colorado Boulder, a great source for consistent rental demand.; Value‑add opportunity with below‑market rents; potential to increase rents to $2,350-$2,450 per unit.; Ideal unit configuration: all units are 2‑bedroom/1‑bathroom.
    More about this property
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