1139 12th St - Apartments FOR SALE


Boulder, CO 80302- University Hill
$3,419,400 USD
303-931-0793
1139 12th St, Boulder, CO for Sale
$3,419,400 USD
Apartments - FOR SALE
1/18
null | Request Cap Rate

1139 12th St
Boulder, CO 80302
University Hill


HIGHLIGHTS

  • Available as a portfolio with neighboring 1127 12th St for additional income-producing units
  • Leased to fraternity chapters with organizational lease guarantees.
  • Significant recent capital improvements reducing immediate capital expenditure
  • Chronic supply-demand imbalance supports consistent absorption and annual rent escalations
  • Redevelopment potential with RH-5 zoning, prior approvals, and design precedent
  • Predictable cash flow driven by strong tenant pipeline and stable occupancy trends

OVERVIEW

Positioned in the heart of Boulder’s University Hill, this property represents a rare investment opportunity in one of Colorado’s most supply-constrained rental markets. University Hill is geographically landlocked and effectively built out, with restrictive zoning and topography that sharply curtail future development, ensuring the enduring value of existing assets. This property is available as a portfolio with the neighboring student housing property for a portfolio price of $7,624,800. CU Boulder enrolls more than 38,000 students and continues to experience an on-campus housing shortfall, making The Hill the first submarket to achieve full occupancy each leasing cycle. Both properties benefit from organizational lease guarantees through fraternity tenancy, providing financial stability and reducing turnover risk. Ownership has invested in recent capital improvements, including upgrades to interior finishes and mechanical systems, limiting near-term capital exposure for new ownership. The properties also present compelling future upside through a redevelopment program supported by RH-5 zoning and prior architectural studies indicating potential for 14 to 19 additional bedrooms on the combined site. Boulder’s favorable 2025 zoning amendments and an existing Landmark Alteration Certificate further mitigate entitlement risk. This portfolio offers predictable income, programmed rent growth, and premium positioning within an irreplaceable student-housing corridor steps from CU Boulder’s vibrant social and retail hub.

FOR SALE DETAILS

PRICE

$3,419,400 USD

PRICE/SF

$877 USD /SF

# OF UNITS

10

PRICE/UNIT

$341,940

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1899

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,273 SF

ZONING

HR-E, Boulder

APN/PARCEL ID

1463312-42-008

ASK ABOUT THIS PROPERTY

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

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

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