Investment Overview

Marcus & Millichap is pleased to present 265 Laurel Street, an eight-unit multifamily community centrally located in Broomfield, Colorado with easy access to Boulder and Denver. Built in 1961, this two-story brick building has secured access to interior hallways, including from the off-street lot to the rear of the building. There are seven one-bedroom units and one studio, all with newer double-pane windows. Multiple other upgrades have been completed in recent years. Five of the eight units have been updated with vinyl plank flooring. The common area hallways have been renovated with newer vinyl plank flooring and LED lights for a cleaner, more modern, look. There is an income-producing laundry facility located on the lower level. The rear off-street parking lot has eight spaces and was completely resurfaced in 2025. The entire electrical system was also upgraded in 2025, with all new electrical panels and conduit to each unit. All units are individually metered for electricity, paid directly by the residents. Gas and water is master metered and currently paid by the owners. The building is heated by a central boiler and there are two water heaters providing domestic hot water which were replaced in 2021 and 2025. The property is located on a well-maintained 0.22-acre lot and the exterior landscaping is conveniently maintained by a sprinkler system. 265 Laurel Street offers strong rental appeal due to its historically strong occupancy, central location, high-income and well-educated potential tenants in the area, and proximity to major employers, retail, recreation, and quality schools. The value-add potential is also a strong incentive to any potential buyer with the ability to continue the renovations to the remaining three units and increase rent growth.