1012 14th St - Apartments FOR SALE


Boulder, CO 80302- University Hill
$5,100,000 USD
303-931-0793
1012 14th St, Boulder, CO for Sale
$5,100,000 USD
Apartments - FOR SALE
1/15
null | Request Cap Rate

1012 14th St
Boulder, CO 80302
University Hill


HIGHLIGHTS

  • Located in Boulder’s University Hill neighborhood, a densely developed and highly sought-after student housing enclave.
  • Benefits from a landlocked submarket and zoning restrictions that prevent significant future development.
  • Situated within walking distance to the University of Colorado Boulder campus and The Hill’s commercial core.
  • Fully leased to fraternity members, providing strong organizational guarantees and reduced vacancy risk.
  • Recent capital upgrades from 2023 through 2025 have modernized infrastructure and reduced near-term expenses.
  • Market-supported annual rent increases contribute to reliable cash flow growth.

OVERVIEW

The Unique Apartment Group is pleased to present 1012 14th Street, a 16-bedroom, 5-bathroom student housing investment property on University Hill in Boulder, Colorado. Located just steps from the CU Boulder campus and the retail, restaurant, and entertainment corridor that defines The Hill, the property benefits from one of the most sought-after student housing locations in the state. Students are consistently drawn to The Hill for its walkability and vibrant social environment, while demand continues to exceed supply. The submarket is geographically constrained and effectively built out, with limited opportunities for new development due to zoning restrictions and topographical challenges. At the same time, CU Boulder’s enrollment exceeds 38,000 students, creating sustained demand amid a long-standing shortage of on-campus housing options. University Hill's rental market operates on a unique pre-leasing cycle, with leases for the following academic year commonly executed during the prior fall semester. This dynamic provides ownership with exceptional visibility into future occupancy and rental income well before the current lease term expires. Currently leased to fraternity members, 1012 14th Street benefits from the stability of organizational lease guarantees and a built-in occupancy pipeline generated through the chapter’s ongoing recruitment efforts. Annual rent increases are customary within the submarket, and the property’s 16-bedroom, 5-bathroom layout is ideally suited for the group leasing model, minimizing turnover challenges and supporting a stable, hands-off cash flow profile. The property has also received significant capital improvements in recent years, limiting near-term maintenance and capital expenditure requirements for a future owner. In 2023, all bathrooms and the basement kitchen were renovated, the roof underwent extensive repairs and shingle replacement, and new modified bitumen roofing was installed on the flat roof section. In 2024, the pressure-reducing valve (PRV) and expansion tank were replaced. Most recently, in 2025, interior paint and flooring were refreshed throughout the property, further enhancing its condition and positioning it as a turnkey student housing investment in Boulder’s premier rental submarket.

FOR SALE DETAILS

PRICE

$5,100,000 USD

PRICE/SF

$1,006 USD /SF

# OF UNITS

5

PRICE/UNIT

$1,020,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,251 SF

ZONING

1120

APN/PARCEL ID

1463313-02-008

ASK ABOUT THIS PROPERTY

Phil DanknerUnique Properties, Inc.More Info
303-931-0793

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Phil DanknerUnique Properties, Inc.More Info
303-931-0793

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.