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2036 Canyon Blvd
Boulder, CO 80302
Regal Apartments · Multifamily Property For Sale
·
22 Units


Investment Highlights
- TWO-STORY TOWNHOUSE UNITS — BOULDER’S RAREST RENTAL PRODUCT
- BELOW-MARKET RENTS ACROSS EVERY CONFIGURATION
- CU BOULDER — 68,000 APPLICANTS, 38,800 STUDENTS, STRUCTURAL DEMAND
- FOUR BEDROOM TYPES, FULL-SPECTRUM DEMAND
- TWO SURFACE PARKING LOTS — A MONETIZABLE ADVANTAGE
- PERMANENT SUPPLY CONSTRAINTS
Executive Summary
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.
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.
Property Facts
| Price Per Unit | $340,909 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.24 AC |
| Cap Rate | 5.50% | Building Size | 11,580 SF |
| No. Units | 22 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1972 |
| Apartment Style | Low-Rise | Parking Ratio | 0.86/1,000 SF |
| Zoning | HZ-E, Boulder | ||
| Price Per Unit | $340,909 |
| Sale Type | Investment |
| Cap Rate | 5.50% |
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 11,580 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1972 |
| Parking Ratio | 0.86/1,000 SF |
| Zoning | HZ-E, Boulder |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Heating
- Kitchen
- High Speed Internet Access
- Refrigerator
- Range
- Tub/Shower
- Deck
- Patio
Site Amenities
- Laundry Facilities
- Walking/Biking Trails
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 8 | $1,535 | 300 |
| 1+1 | 8 | $1,725 | 425 |
| 2+1 | 2 | $2,800 | 850 |
| 3+1 | 4 | $3,375 | 951 |
Property Taxes
| Parcel Number | 1463308-17-009 | Improvements Assessment | $386,875 |
| Land Assessment | $68,750 | Total Assessment | $455,625 |
Property Taxes
Parcel Number
1463308-17-009
Land Assessment
$68,750
Improvements Assessment
$386,875
Total Assessment
$455,625
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