720-476-2329
2036 Canyon Blvd, Boulder, CO for Sale
Apartments - FOR SALE
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2036 Canyon Blvd
Boulder, CO 80302
Goss-Grove


HIGHLIGHTS

  • TWO-STORY TOWNHOUSE UNITS — BOULDER’S RAREST RENTAL PRODUCT
  • FOUR BEDROOM TYPES, FULL-SPECTRUM DEMAND
  • BELOW-MARKET RENTS ACROSS EVERY CONFIGURATION
  • TWO SURFACE PARKING LOTS — A MONETIZABLE ADVANTAGE
  • CU BOULDER — 68,000 APPLICANTS, 38,800 STUDENTS, STRUCTURAL DEMAND
  • PERMANENT SUPPLY CONSTRAINTS

OVERVIEW

MARCUS & MILLICHAP IS PLEASED TO EXCLUSIVELY PRESENT REGAL APARTMENTS — A 22-UNIT, 32-BED STUDENT HOUSING ASSET LOCATED AT 2036 CANYON BOULEVARD IN BOULDER’S GOSS-GROVE SUBMARKET. WITH MID-CENTURY MODERN ARCHITECTURE, TWO-STORY TOWNHOUSE UNITS, FOUR DISTINCT BEDROOM TYPES, AND TWO DEDICATED PARKING LOTS, REGAL OFFERS A DIFFERENTIATED ACQUISITION OPPORTUNITY AT THE LOWEST ABSOLUTE ENTRY POINT AMONG THE THREE GOSS-GROVE OFFERINGS. Regal Apartments occupy a premier Canyon Boulevard address between CU Boulder and Downtown Boulder, giving residents a direct connection to campus, Pearl Street, Boulder Creek, and the city’s broader employment and cultural destinations. Canyon Boulevard is one of Boulder’s primary east-west arterials — the property benefits from transit access, dedicated bike lane infrastructure, and a level of visibility that most residential assets in the submarket do not have. What sets Regal apart from conventional Boulder apartment inventory is the physical product. Eight studios, eight one-bedrooms, two townhouse-style two-bedrooms, and four three-bedroom two-story townhouse apartments. That layout diversity captures demand across the full spectrum of Boulder’s rental market — from solo graduate students to roommate groups seeking shared living. The townhouse units are Regal’s signature: a product type that is virtually nonexistent in Boulder’s rental inventory, offering multi-level living with a residential feel that no traditional walk-up apartment can match. Designed in 1972 by Easton Grabow and Associates, the building’s Mid-Century Modern character gives it an architectural identity in a submarket dominated by undistinguished garden-style construction. Current rents are meaningfully below market across every unit type — the result of more than four decades of family ownership. Combined with two dedicated surface parking lots — an increasingly scarce amenity in central Boulder — Regal offers a combination of product scarcity, location quality, and pricing inefficiency that is extraordinarily difficult to assemble at any price, let alone at the lowest basis in the Goss-Grove portfolio.

FOR SALE DETAILS

PRICE

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# OF UNITS

22

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Regal Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1972

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,498 SF

ZONING

HZ-E, Boulder

APN/PARCEL ID

1463308-17-009

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.