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$ 4,500,000
Est. payment /mo
Price Dropped by $100K
1631 19th ST Boulder, CO 80302
7,400 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 7,400 sqft
Price per Sqft $608
MLS Listing ID 3421353
HOA Y/N No
Year Built 1900
Annual Tax Amount $18,450
Tax Year 2024
Lot Size 0.273 Acres
Acres 0.27
Property Sub-Type Multi Family
Source recolorado
Property Description
Located just steps from Pearl Street and CU Boulder, 1631 19th St presents a rare chance to own a stabilized 7-unit multifamily property in one of Boulder's most sought-after rental corridors. This income-producing asset features 21 bedrooms and 10 bathrooms across 7,400 square feet, with an attractive unit mix of two 2BR/1BA units, three 3BR/1BA units, and two 4BR/2BA units.
The property has benefited from $300K in recent capital improvements, including a new roof, siding, windows, insulation, staircases, and upgraded bathroom exhaust systems, blending classic Boulder charm with modernized infrastructure. Each unit is individually metered and professionally managed, with 14 off-street parking spaces and historically 0% vacancy.
With a current cap rate of 5.1% and a pro forma cap rate of 5.6%, coupled with strong tenant demand, this property offers investors both stability and future upside in the heart of Boulder.
No Assumable Loan or Seller Financing
The property has benefited from $300K in recent capital improvements, including a new roof, siding, windows, insulation, staircases, and upgraded bathroom exhaust systems, blending classic Boulder charm with modernized infrastructure. Each unit is individually metered and professionally managed, with 14 off-street parking spaces and historically 0% vacancy.
With a current cap rate of 5.1% and a pro forma cap rate of 5.6%, coupled with strong tenant demand, this property offers investors both stability and future upside in the heart of Boulder.
No Assumable Loan or Seller Financing
Location
State CO
County Boulder
Zoning RH-2
Interior
Fireplace N
Exterior
Exterior Feature Balcony
Parking Features Asphalt
Roof Type Composition
Total Parking Spaces 14
Garage No
Building
Lot Description Corner Lot, Irrigated, Landscaped, Near Public Transit, Sprinklers In Front, Sprinklers In Rear
Sewer Public Sewer
Water Public
Structure Type Frame,Vinyl Siding
Others
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition None
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed by Live West Realty