1138 Pleasant St, Boulder, CO 80302
This exceptional Boulder investment property, located at 1138 Pleasant St, 80302, offers a compelling opportunity in the vibrant University Hill neighborhood. The property consists of two buildings: a charming six-bedroom, two-bathroom main house with a welcoming front porch, and a separate two-bedroom, one-bathroom carriage house in the back. Boasting classic Boulder curb appeal and character, this Class B multifamily property totals 2,707 square feet and is ideally situated steps from the University of Colorado campus, the new Hill Hotel, and numerous restaurants and entertainment venues. Currently leased through the 2024-2025 school year at strong rates, generating a gross income of $171,000 and a projected net operating income (NOI) of $131,000. The asking price is $2,750,000, representing a 4.75% cap rate. The property is zoned MUH. This turnkey investment presents a rare chance to acquire a high-performing asset in a prime location with significant rental demand. Financial details are available upon request.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.