Four-Unit Boulder
For Sale
$1,250,000
5185 Santa Clara Pl, Boulder, CO 80303
Multifamily property in Keewaydin with access to Foothills Parkway and Baseline Road.
Property Size3,218 SF
Price / SF$388.44
Days on Market55
Property Features for 5185 Santa Clara Pl
General Information
Standard status
Active
Size
3,218 SF
Property subtype
Multi-Family
Site & Location
Road Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
4
Building Details
Year Built
1969
Listing Agency:
Kaufman Hagan
Listed By:
Louis Passarello
(720) 984-0419
Source:
Thecerettogroup
Added: Aug 21
Changed: Sep 29
Last Checked: Oct 7 at 1:42PM
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 Kaufman Hagan
Investment Insights
Based on property information with market context.
Built in 1969, this four-unit multifamily property is located in Boulder’s Keewaydin neighborhood. The asset provides a compact residential income configuration with four units in an established setting.
Access to Foothills Parkway and Baseline Road connects the property with the surrounding Boulder area. The property information identifies University of Colorado students and young professionals as part of the tenant base it serves. Walk Score is 0, Bike Score is 91, and Transit Score is 50.
Access to Foothills Parkway and Baseline Road connects the property with the surrounding Boulder area. The property information identifies University of Colorado students and young professionals as part of the tenant base it serves. Walk Score is 0, Bike Score is 91, and Transit Score is 50.
Key Highlights
- Four‑unit multifamily property at 5185 Santa Clara Pl, Boulder, CO 80303
- Located in Boulder’s Keewaydin neighborhood
- Built in 1969
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,410
Cap Rate
4.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,088,200
$1.1M
Cap Rate 7%
$777,286
$777.3K
Cap Rate 9%
$604,556
$604.6K
Market Conditions
NOI Build-Up for 3,218 SF
Gross rent
$82.3K $25.56/SF
− Vacancy
−$4.5K −$1.41/SF
EGI
$77.7K $24.15/SF
− OpEx
−$23.3K −$7.25/SF
NOI
$54.4K $16.91/SF
Area
Boulder, CO
Vacancy
5.50%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,088,200
Cap Rate 7%
$777,286
Cap Rate 9%
$604,556
Alternative Uses
Best Use
Multifamily LT 5
$777.3K
$680.1K – $906.8K
NOI $54,410 @ 7.0% cap · market cap 4.35%
Second Best
Apartment 5plus
$724.4K
$633.9K – $845.1K
NOI $50,708 @ 7.0% cap · market cap 4.06%
Theoretical Best
Office A
$1.09M
$951.5K – $1.27M
NOI $76,120 @ 7.0% cap · market cap 6.09%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
716
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Multifamily property in Keewaydin with access to Foothills Parkway and Baseline Road.
Where is this quadplex located?
The property is located at 5185 Santa Clara Pl Boulder, CO.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Four‑unit multifamily property at 5185 Santa Clara Pl, Boulder, CO 80303; Located in Boulder’s Keewaydin neighborhood; Built in 1969
