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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.

Property Facts

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

Property Taxes

Parcel Number
1463308-17-009
Land Assessment
$68,750
Improvements Assessment
$386,875
Total Assessment
$455,625
  • Listing ID: 40160039

  • Date on Market: 4/15/2026

  • Last Updated:

  • Address: 2036 Canyon Blvd, Boulder, CO 80302

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