1012 14th St 5 Unit Apartment Building $5,100,000 ($1,020,000/Unit) Boulder, CO 80302

The Unique Apartment Group is pleased to present 1012 14th Street, a 16-bedroom, 5-bathroom student housing investment property on University Hill in Boulder, Colorado. Located just steps from the CU Boulder campus and the retail, restaurant, and entertainment corridor that defines The Hill, the property benefits from one of the most sought-after student housing locations in the state. Students are consistently drawn to The Hill for its walkability and vibrant social environment, while demand continues to exceed supply. The submarket is geographically constrained and effectively built out, with limited opportunities for new development due to zoning restrictions and topographical challenges. At the same time, CU Boulder’s enrollment exceeds 38,000 students, creating sustained demand amid a long-standing shortage of on-campus housing options.
University Hill's rental market operates on a unique pre-leasing cycle, with leases for the following academic year commonly executed during the prior fall semester. This dynamic provides ownership with exceptional visibility into future occupancy and rental income well before the current lease term expires. Currently leased to fraternity members, 1012 14th Street benefits from the stability of organizational lease guarantees and a built-in occupancy pipeline generated through the chapter’s ongoing recruitment efforts. Annual rent increases are customary within the submarket, and the property’s 16-bedroom, 5-bathroom layout is ideally suited for the group leasing model, minimizing turnover challenges and supporting a stable, hands-off cash flow profile.
The property has also received significant capital improvements in recent years, limiting near-term maintenance and capital expenditure requirements for a future owner. In 2023, all bathrooms and the basement kitchen were renovated, the roof underwent extensive repairs and shingle replacement, and new modified bitumen roofing was installed on the flat roof section. In 2024, the pressure-reducing valve (PRV) and expansion tank were replaced. Most recently, in 2025, interior paint and flooring were refreshed throughout the property, further enhancing its condition and positioning it as a turnkey student housing investment in Boulder’s premier rental submarket.