Map of Property

The Block Portfolio

For Sale

1005, 1019, 1027 14th Street, Boulder, CO 80302

This Boulder property for sale is located at 1005, 1019, 1027 14th Street. The current listed sale price for The Block Portfolio is $23,000,000. The Block Portfolio is situated on a lot that is 0.57 acre in size.

Contacts

broker

Luke Salazar

Pinnacle Real Estate Advisors

Property Details

  • Property Type Multi-Family
  • Property Size 23,162 SF
  • Units 63
  • Lot Size 0.57 Acre
  • Additional Rent Contact for pricing
  • Parking Spaces Avail. 35
  • Year Built 2018
  • Date Updated Sep 20, 2024
The Block, located on “The Hill” in Boulder, CO, is a strategic investment in one of the nation’s most lucrative multifamily investment markets. Its location is the most desirable on the hill just a block from the CU campus and brand-new retail, restaurant, hotel, and conference center developments. This offering presents investors with a rare and compelling opportunity to capitalize on the robust and ever-growing demand for student housing in a niche market with a very limited housing supply.The Block comprises 3 properties on 1 parcel, each with its own unique appeal, totaling 63 bedrooms. 1005 14th, a new construction building from 2018, boasts an underground parking garage. 1019 14th, a 20-bed property, features a Greek organization master lease. 1027 14th is an 8-bed duplex with an additional carriage house. These properties have a strong rental history, with 0% vacancy, pre-leasing well in advance, and are already 100% pre-leased for the ‘24-’25 year. Boulder has seen average rent increases of over 6% for the past 15 years, underscoring the potential profitability of this investment. The city is renowned for its natural beauty, thriving tech scene, and prestigious educational institutions, including the University of Colorado.

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Highlights

  • Located half a block from campus on one of the premier blocks on “The Hill”
  • Nine large condo-quality units totaling 35 bedrooms (1005)
  • Includes rare 35 parking spaces in underground garage with additional parking income upside (1005)
  • Washer/dryers and wine coolers in units, Private balconies (1005)
  • Fully preleased for ‘24-’25 school year (1005 & 1027)
  • Zoned for up to 36 occupants (1019)
  • Fire sprinkler system, newer roof, newer exterior paint, updated kitchens (1019)
  • Updated plumbing and electrical, plus a recently replaced boiler system (1019)
  • Dorm-style baths with multiple stalls and showers (1019)
  • Master Leased Thru 2026 with Alpha Sigma Phi (1019)
  • Cosmetics of a new build with newer systems including plumbing and electrical, plus a recently replaced boiler system (1027)
  • Fully renovated interiors including kitchens and baths with new granite countertops, cabinets, stainless steel appliances, lighting, and hardwood flooring throughout (1027)
  • Recently brought up to code including electrical, plumbing, and landscaping (1027)
  • 400+ SF club house in the backyard for 1027 tenants use only (1027)

Attachments

Getting around

  • 88/100

    Walk Score ®

  • 55/100

    Transit Score ®

  • 90/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Boulder, CO
  • Neighborhood University Hill
  • Zip Code 80302
  • Market Denver

Points of Interest

  • Green Ride Boulder

    2.20 miles

  • Everyday

    0.23 miles

  • Circle K

    0.60 miles

  • Chautauqa ranger station

    0.63 miles

  • ChargePoint

    0.92 miles

  • Boulder Gas

    0.94 miles

  • Conoco

    1.25 miles

  • Electrify America

    1.30 miles

  • eVgo

    1.31 miles

  • King Soopers Fuel Center

    1.33 miles

  • Cyber Switching

    1.38 miles

  • Lot 209

    0.14 miles

  • Lot 208

    0.17 miles

  • Lot 212

    0.22 miles

  • Lot 230

    0.25 miles

  • Lot 248

    0.26 miles

  • Lot 216

    0.28 miles

  • Lot 249

    0.28 miles

  • Lot 214

    0.29 miles

  • Lot 204

    0.29 miles

  • 380

    0.31 miles

  • Moxy Boulder

    0.28 miles

  • The Mansion

    0.36 miles

  • Boulder University Inn

    0.54 miles

  • Basecamp Boulder

    0.67 miles

  • Missions House Lodge

    0.69 miles

  • Columbine Lodge

    0.71 miles

  • Boulder Guest House

    0.77 miles

  • St Julien Hotel & Spa

    0.78 miles

  • Hotel Boulderado

    0.95 miles

  • Residence Inn Boulder Canyon Boulevard

    1.08 miles

  • University Hill Market & Deli

    0.14 miles

  • Safeway

    0.98 miles

  • Sprouts Farmers Market

    1.03 miles

  • India Bazaar

    1.07 miles

  • Marshalls

    1.27 miles

  • Trader Joe's

    1.36 miles

  • Village Market

    1.38 miles

  • Natural Grocers

    1.39 miles

  • Whole Foods Market

    1.41 miles

  • King Soopers

    1.42 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Luke Salazar

Pinnacle Real Estate Advisors