Boulder Multifamily Asset Near
For Sale
$2,900,000
3200 Madison Ave, Boulder, CO 80303
Six-unit multifamily property near the University of Colorado Boulder.
Days on Market98
Property Features for 3200 Madison Ave
General Information
Standard status
Active
Property subtype
Commercial
Building Details
Year Built
1963
Listing Agency:
PINNACLE REAL ESTATE ADVISORS
(303) 962-9534
Listed By:
Luke Salazar
(303) 962-9534
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 30 at 8:08AM
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
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,379
Businesses Nearby
Explore this area
Business Placement
Demographics for 80303, CO
25,328
Population
12,583
Households
2
Avg Household Size
32
Median Age
79%
College-Educated
99%
High-School Grad
21.9 sq mi
ZIP Area
1,157
Density / Sq Mi
$77,344
Median Household Income
$31,661
Median Earnings
$1,833
Median Rent
$941,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
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.
