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Multifamily

80 in Boulder

1057 13th St, 1032 11th St, 955 College Ave, 624-626 Marine St, 1725 18th St & 1623 19th St, Boulder, CO 80302

Listing Price: $25,180,000

Cap Rate
5.25%
Number of Units
35
GRM
14.21
Occupancy
100.0%
Price/Unit
$719,429

Investment Overview

80 in Boulder presents a rare opportunity to acquire a six-property, 80-bed multifamily portfolio in the heart of University Hill and Goss Grove — two of Boulder’s most supply-constrained and sought-after student housing submarkets. Situated steps from the University of Colorado Boulder campus, the portfolio benefits from the unmatched walkability of The Hill, where the iconic 13th Street corridor anchors one of the most vibrant commercial districts in the state. With panoramic Flatiron Mountain views, direct access to Chautauqua Park, proximity to Pearl Street Mall, and comprehensive transit connectivity, this location offers a living experience unrivaled by any competing submarket. The portfolio spans 35 units across 30,487 square feet on 1.29 acres, governed by highly restrictive zoning designations — that severely limit new development and insulate the existing housing stock from competitive supply.

Demand fundamentals have never been stronger. CU Boulder received a record 68,000 applications for Fall 2024 — a 20% year-over-year surge — while maintaining a 90% retention rate that ensures a deep, self-renewing tenant pool insulated from the enrollment headwinds affecting peer institutions nationwide. Properties on The Hill experience zero vacancy, with leases for the following academic year consistently secured by the end of October. Current rents sit meaningfully below market across the majority of the portfolio’s unit types, presenting substantial organic income growth without the need for capital-intensive repositioning. This convergence of institutional-quality demand, structurally constrained supply, and embedded rent upside makes 80 in Boulder a generational acquisition opportunity in one of the nation’s most resilient student housing markets.

Investment Highlights

  • IRREPLACEABLE HILL LOCATION WITH SEVERE SUPPLY CONSTRAINTS
  • INSULATED DEMAND FROM CU BOULDER'S RECORD GROWTH
  • SIGNIFICANT BELOW-MARKET RENT UPSIDE
  • RARE PORTFOLIO SCALE IN A FRAGMENTED MARKET
  • THE HILL — BOULDER'S PREMIER STUDENT NEIGHBORHOOD
  • SHRINKING SUPPLY MEETS ACCELERATING DEMAND

Exclusively Listed By

Financing By

Listing Price: $25,180,000

Cap Rate
5.25%
Number of Units
35
GRM
14.21
Occupancy
100.0%
Price/Unit
$719,429

Investment Highlights

  • IRREPLACEABLE HILL LOCATION WITH SEVERE SUPPLY CONSTRAINTS
  • INSULATED DEMAND FROM CU BOULDER'S RECORD GROWTH
  • SIGNIFICANT BELOW-MARKET RENT UPSIDE
  • RARE PORTFOLIO SCALE IN A FRAGMENTED MARKET
  • THE HILL — BOULDER'S PREMIER STUDENT NEIGHBORHOOD
  • SHRINKING SUPPLY MEETS ACCELERATING DEMAND

Investment Overview

80 in Boulder presents a rare opportunity to acquire a six-property, 80-bed multifamily portfolio in the heart of University Hill and Goss Grove — two of Boulder’s most supply-constrained and sought-after student housing submarkets. Situated steps from the University of Colorado Boulder campus, the portfolio benefits from the unmatched walkability of The Hill, where the iconic 13th Street corridor anchors one of the most vibrant commercial districts in the state. With panoramic Flatiron Mountain views, direct access to Chautauqua Park, proximity to Pearl Street Mall, and comprehensive transit connectivity, this location offers a living experience unrivaled by any competing submarket. The portfolio spans 35 units across 30,487 square feet on 1.29 acres, governed by highly restrictive zoning designations — that severely limit new development and insulate the existing housing stock from competitive supply. Demand fundamentals have never been stronger. CU Boulder received a record 68,000 applications for Fall 2024 — a 20% year-over-year surge — while maintaining a 90% retention rate that ensures a deep, self-renewing tenant pool insulated from the enrollment headwinds affecting peer institutions nationwide. Properties on The Hill experience zero vacancy, with leases for the following academic year consistently secured by the end of October. Current rents sit meaningfully below market across the majority of the portfolio’s unit types, presenting substantial organic income growth without the need for capital-intensive repositioning. This convergence of institutional-quality demand, structurally constrained supply, and embedded rent upside makes 80 in Boulder a generational acquisition opportunity in one of the nation’s most resilient student housing markets.

Exclusively Listed By

Financing By

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