1012 15Th St Boulder, CO 80302
- Dormitories
- 3,390 SF
Current Use by Public Records
- Dormitories
Property Details for 1012 15Th St
- Property size
- 3,390 SF
- Property type
- Dormitories
- Property subtype
- Student housing
Description
This exceptional six-unit multifamily property, located at 1012 15th Street in Boulder, Colorado (zip code 80302), presents a compelling investment opportunity. The 3,390 square foot building boasts a desirable mix of studio, one, two, and three-bedroom units, totaling ten bedrooms and six bathrooms. Currently operating as student housing within the RM-2 zoning district, the property enjoys a prime University Hill location, steps from the CU Boulder campus. The property features remodeled units with a strong rental history and is pre-leasing for the 2025-2026 school year. With a projected Net Operating Income (NOI) of $147,000 and a 5% capitalization rate, this Class B property offers a strong return on investment. The asking price is $2,950,000. This is a rare chance to acquire a well-maintained, high-performing student housing asset in a highly sought-after Boulder location. The property's strong performance and location make it an ideal addition to any investment portfolio.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Boulder
- County
- Boulder
- State
- Colorado
- Longitude
- -105.2734589
- Latitude
- 40.0057748
