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1127 12th St
Boulder, CO 80302
Multifamily Property For Sale
·
12 Units
Investment Highlights
- Available as a portfolio with neighboring 1139 12th St for additional income-producing units
- Leased to fraternity chapters with organizational lease guarantees.
- Redevelopment potential with RH-5 zoning, prior approvals, and design precedent
- Located in University Hill, Boulder’s most desirable student housing district adjacent to CU campus
- Chronic supply-demand imbalance supports consistent absorption and annual rent escalations
- Predictable cash flow driven by strong tenant pipeline and stable occupancy trends
Executive Summary
Positioned in the heart of Boulder’s University Hill, 1127 12th St 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 property 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.
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 property 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.
Property Facts
| Price Per Unit | $350,450 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.21 AC |
| No. Units | 12 | Building Size | 4,102 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1899 |
| Apartment Style | Single-Family Home | ||
| Zoning | RH-5 Residential | ||
| Price Per Unit | $350,450 |
| Sale Type | Investment |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 4,102 SF |
| No. Stories | 3 |
| Year Built | 1899 |
| Zoning | RH-5 Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+0 | 12 | - | - |
Property Taxes
| Parcel Number | 1463312-42-007 | Improvements Assessment | $95,526 |
| Land Assessment | $138,489 | Total Assessment | $234,015 |
Property Taxes
Parcel Number
1463312-42-007
Land Assessment
$138,489
Improvements Assessment
$95,526
Total Assessment
$234,015
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