1057 13th St - Apartments FOR SALE


Boulder, CO 80302- University Hill
$25,180,000 USD
720-476-2329
1057 13th St, Boulder, CO for Sale
$25,180,000 USD
Apartments - FOR SALE
1/16
null | 5.25% Cap Rate

1057 13th St
Boulder, CO 80302
University Hill


HIGHLIGHTS

  • IRREPLACEABLE HILL LOCATION WITH SEVERE SUPPLY CONSTRAINTS
  • INSULATED DEMAND FROM CU BOULDER'S RECORD GROWTH
  • SIGNIFICANT BELOW-MARKET RENT UPSIDE
  • RARE PORTFOLIO SCALE IN A FRAGMENTED MARKET
  • THE HILL — BOULDER'S PREMIER STUDENT NEIGHBORHOOD
  • SHRINKING SUPPLY MEETS ACCELERATING DEMAND

OVERVIEW

80 in Boulder presents a rare opportunity to acquire a six-property, 80-bed multifamily portfolio in the heart of University Hill and Goss Grove — two of Boulder’s most supply-constrained and sought-after student housing submarkets. Situated steps from the University of Colorado Boulder campus, the portfolio benefits from the unmatched walkability of The Hill, where the iconic 13th Street corridor anchors one of the most vibrant commercial districts in the state. With panoramic Flatiron Mountain views, direct access to Chautauqua Park, proximity to Pearl Street Mall, and comprehensive transit connectivity, this location offers a living experience unrivaled by any competing submarket. The portfolio spans 35 units across 30,487 square feet on 1.29 acres, governed by highly restrictive zoning designations — that severely limit new development and insulate the existing housing stock from competitive supply. Demand fundamentals have never been stronger. CU Boulder received a record 68,000 applications for Fall 2024 — a 20% year-over-year surge — while maintaining a 90% retention rate that ensures a deep, self-renewing tenant pool insulated from the enrollment headwinds affecting peer institutions nationwide. Properties on The Hill experience zero vacancy, with leases for the following academic year consistently secured by the end of October. Current rents sit meaningfully below market across the majority of the portfolio’s unit types, presenting substantial organic income growth without the need for capital-intensive repositioning. This convergence of institutional-quality demand, structurally constrained supply, and embedded rent upside makes 80 in Boulder a generational acquisition opportunity in one of the nation’s most resilient student housing markets.

FOR SALE DETAILS

PRICE

$25,180,000 USD

PRICE/SF

$7,679 USD /SF

# OF UNITS

35

PRICE/UNIT

$719,429

CAP RATE

5.25%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

80inBoulder

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.29 AC

LAND SF

56,192 SF

ZONING

-

APN/PARCEL ID

1463313-39-011

ASK ABOUT THIS PROPERTY

Matt BerkMarcus & MillichapMore Info
720-476-2329

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Matt BerkMarcus & MillichapMore Info
720-476-2329

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