265 Laurel St - Apartments FOR SALE


Broomfield, CO 80020- Lower Broomfield
$1,250,000 USD
303-590-4537
265 Laurel St, Broomfield, CO for Sale
$1,250,000 USD
Apartments - FOR SALE
1/23
null | Request Cap Rate

265 Laurel St
Broomfield, CO 80020
Lower Broomfield


HIGHLIGHTS

  • Excellent Location in Broomfield with Easy Access to US-36; Denver - 16 Miles, Boulder - 13 Miles
  • Numerous Completed Upgrades
  • On-Site, Income-Producing Laundry
  • Nearby Retail, Recreation, & Dining
  • Historically Strong Occupancy; Value-Add Potential
  • Major Nearby Employers Include Ball Corp, Oracle, & CenturyLink

OVERVIEW

265 Laurel Street is an eight-unit multifamily community centrally located in Broomfield, Colorado with easy access to Boulder and Denver. Built in 1961, this two-story brick building has secured access to interior hallways, including from the off-street lot to the rear of the building. There are seven one-bedroom units and one studio, all with newer double-pane windows. Multiple other upgrades have been completed in recent years. Five of the eight units have been updated with vinyl plank flooring. The common area hallways have been renovated with newer vinyl plank flooring and LED lights for a cleaner, more modern, look. There is an income-producing laundry facility located on the lower level. The rear off-street parking lot has eight spaces and was completely resurfaced in 2025. The entire electrical system was also upgraded in 2025, with all new electrical panels and conduit to each unit. All units are individually metered for electricity, paid directly by the residents. Gas and water is master metered and currently paid by the owners. The building is heated by a central boiler and there are two water heaters providing domestic hot water which were replaced in 2021 and 2025. The property is located on a well-maintained 0.22-acre lot and the exterior landscaping is conveniently maintained by a sprinkler system. 265 Laurel Street offers strong rental appeal due to its historically strong occupancy, central location, high-income and well-educated potential tenants in the area, and proximity to major employers, retail, recreation, and quality schools. The value-add potential is also a strong incentive to any potential buyer with the ability to continue the renovations to the remaining three units and increase rent growth.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$225 USD /SF

# OF UNITS

8

PRICE/UNIT

$156,250

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

R-5

APN/PARCEL ID

1575-35-3-09-002

ASK ABOUT THIS PROPERTY

Clayton PrimmMarcus & MillichapMore Info
303-590-4537

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Clayton PrimmMarcus & MillichapMore Info
303-590-4537

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