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5185 Santa Clara Pl 4 Unit Apartment Building $1,400,000 ($350,000/Unit) 3.85% Cap Rate Boulder, CO 80303
Investment Highlights
- Stacked quadplex on a large lot
- Quiet residential neighborhood
- Plenty of rear parking for residents
- Rare small unit count opportunity
Executive Summary
5185 Santa Clara Place is a four-unit multifamily property in Boulder’s established Keewaydin neighborhood — a rare opportunity to own in one of Colorado’s most tightly held and institutionally dominated rental markets at an accessible basis. Where most Boulder multifamily trades at scale and out of reach for private capital, 5185 offers direct ownership with a clear value-add path through continued unit renovations.
With immediate access to Foothills Parkway and Baseline Road, the property serves a deep, self-renewing tenant pool of University of Colorado students and young professionals. As new ground-up development pushes rents higher across Boulder, well-maintained existing product like 5185 stands to capture that lift at a fraction of the basis. Boulder has proven one of the most durable real estate markets in the country, with resilient rental performance and sustained appreciation through multiple cycles.
With immediate access to Foothills Parkway and Baseline Road, the property serves a deep, self-renewing tenant pool of University of Colorado students and young professionals. As new ground-up development pushes rents higher across Boulder, well-maintained existing product like 5185 stands to capture that lift at a fraction of the basis. Boulder has proven one of the most durable real estate markets in the country, with resilient rental performance and sustained appreciation through multiple cycles.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,400,000 | Apartment Style | Low-Rise |
| Price Per Unit | $350,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.25 AC |
| Cap Rate | 3.85% | Building Size | 3,218 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1969 |
| Property Subtype | Apartment | Parking Ratio | 3.11/1,000 SF |
| Price | $1,400,000 |
| Price Per Unit | $350,000 |
| Sale Type | Investment |
| Cap Rate | 3.85% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 3,218 SF |
| No. Stories | 2 |
| Year Built | 1969 |
| Parking Ratio | 3.11/1,000 SF |
Amenities
Unit Amenities
- Yard
Site Amenities
- 24 Hour Access
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | 800 |
1 1
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 1577041-13-001 | Total Assessment | $80,240 (2026) |
| Land Assessment | $72,216 (2026) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $8,024 (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
1577041-13-001
Land Assessment
$72,216 (2026)
Improvements Assessment
$8,024 (2026)
Total Assessment
$80,240 (2026)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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