Boulder Apartment Building
956 Marine St Boulder, CO 80302
956 Marine St, Boulder, CO, 80302
$3,100,000
For Sale
$3,100,000
7-unit apartment building in Boulder, Colorado.
Property Size6,211 SF
Price / SF$499.11
Days on Market237
Property Features for 956 Marine St
General Information
- Standard status
- Active
- Size
- 6,211 SF
- Property subtype
- Multifamily
Listing Agency
Pinnacle Real Estate Advisors
(303) 962-9559
Listed by
Josh Newell · License #FA100001439
Source
Pinnaclerea
Added: Nov 21, 2025 Checked: Jul 16 at 3:12 am
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.
This is a 7-unit apartment building located in Boulder, Colorado. The property has a size of 6211 square feet.
Key Highlights
- 7 unit apartment building
- Location: Boulder
- Status: just sold
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $186.3k | $30.00 |
| − Vacancy | −$8.4k | −$1.35 |
| EGI | $177.9k | $28.65 |
| − OpEx | −$80.1k | −$12.89 |
| NOI | $97.9k | $15.76 |
6,211 SF · lease $30.00/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.40M
$1.22M – $1.63M
NOI $97,870 @ 7.0% cap · market cap 3.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.10M
$1.84M – $2.45M
NOI $146,917 @ 7.0% cap · market cap 4.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - 7-unit apartment building in Boulder, Colorado.
Where is this apartment building located?
The property is located at 956 Marine St Boulder, CO.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: 7 unit apartment building; Location: Boulder; Status: just sold
