Located just steps from Pearl Street and CU Boulder, 1631 19th St presents a rare chance to own a stabilized 7-unit multifamily property in one of Boulder's most sought-after rental corridors. This income-producing asset features 21 bedrooms and 10 bathrooms across 7,400 square feet, offering an attractive unit mix: (2) 2BR/1BA, (3) 3BR/1BA, and (2) 4BR/2BA layouts. With $300K in recent capital improvements, including a new roof, siding, windows, insulation, staircases, and bathroom exhaust fan systems, the property combines classic charm with upgraded infrastructure. Each unit is individually metered and professionally managed, with 14 off-street parking spaces and historically 0% vacancy - five of the seven units are pre-leased through 2026. Boasting a 5.2% cap rate based on actuals and strong tenant demand, this is a turnkey investment in the heart of Boulder.
Date | Event | Price | $/Sqft | Source |
---|---|---|---|---|
Listed For Sale | $4,600,000 | $622 | Live West Realty |
Year | Annual Amount | Description |
---|---|---|
$18,450 |
High School Boulder High School | 0.2 miles away | 09 - 12 | |
Elementary School Whittier Elementary School | 0.4 miles away | KG - 05 | |
Middle School Casey Middle School | 0.7 miles away | 06 - 08 |