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34277878
34277876

1012 14th Street, Boulder, CO 80302

PD
CO FA.100052493
Unique Properties, Inc
Listed by Unique Properties, Inc
$5,100,000
2 days on market
Updated 1 day ago

1012 14th Street

Details
Property Type Multifamily
Sub Type Student Housing
Square Footage 5,068
Units 4
Beds 16
Cap Rate 5.95%
NOI $303,597
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 6.24%
Pro-Forma NOI $318,147
Price per SqFt $1,006
Year Built 1910
Buildings 1
Stories 3
Lot Size (SqFt) 6,279
Zoning RH-5 Residential - High 5 (HR-E)
Parking Spaces 8 spaces
Parking per 1,000 SqFt 1.58

16-bedroom, 5-bathroom | 4 Units on the Hill

Marketing description

The Unique Apartment Group is pleased to present 1012 14th Street, a 16-bedroom, 5-bathroom student housing investment property on University Hill in Boulder, Colorado. Steps from the CU Boulder campus and the retail, restaurant, and bar corridor that defines The Hill, the property sits in the most coveted student rental submarket in the state. Students gravitate to The Hill for the social scene and walkability, and demand consistently outpaces supply: University Hill is geographically landlocked and effectively built out, with zoning and topography that sharply limit new construction, while CU Boulder enrolls over 38,000 students against a persistent on-campus housing shortfall.

The Hill submarket operates on a pre-leasing cycle: next year's leases are typically executed during the prior fall semester, giving ownership rare forward visibility into occupancy and rental income before the current term rolls. 1012 14th Street is currently leased to fraternity members, providing organizational lease guarantees and a built-in pipeline for future occupancy through the chapter's recruitment cycle. Annual rent step-ups are the submarket norm, and the 16-bed, 5-bath configuration suits the group lease model, reducing turnover friction and delivering a stabilized, hands-off cash flow profile.

Ownership has also invested meaningfully in the asset over recent years, leaving a new buyer with minimal near-term capital exposure: in 2023, all bathrooms and the basement kitchen were renovated, the roof received extensive repair and shingle replacement, and new modified bitumen was installed on the flat roof section; in 2024, the PRV and expansion tank were replaced; and in 2025, interior paint and flooring were refreshed throughout.

Together, the location, consistent tenant demand, and recent capital work position 1012 14th Street to deliver predictable year-over-year income growth in one of Colorado's most durable rental submarkets.

Investment highlights

  • Irreplaceable Location: University Hill is geographically landlocked and effectively built out, with zoning and topography that sharply limit new supply.
  • Durable Demand: CU Boulder enrolls over 38,000 students against a persistent on-campus housing shortfall, with The Hill the first submarket to absorb each leasing cycle.
  • Forward Visibility: The Hill operates on a pre-leasing cycle, with the following academic year's leases typically executed in the prior fall semester.
  • Tenant Desirability: Proximity to campus and immersion in the university's social, retail, and entertainment corridor establish The Hill as the preferred student submarket in Boulder, translating into deep tenant demand and minimal marketing effort at each lease cycle.
  • Enhanced Lease Credit: Property is currently leased to fraternity members, providing organizational lease guarantees and a recruitment-driven pipeline for future occupancy.
  • Programmed Rent Growth: Annual rent step-ups are the submarket norm, supported by a chronic supply and demand imbalance.
  • Recent Capital Investment: Meaningful ownership investment in 2023, 2024, and 2025 (bathrooms, basement kitchen, full roof, PRV and expansion tank, interior paint and flooring) leaves a new buyer with minimal near-term capital exposure.
  • Predictable Cash Flow: The combination of location, demand, lease structure, and recent capital work positions the asset to deliver consistent year-over-year income growth in one of Colorado's most durable rental submarkets.

Listing Contacts

PD
CO FA.100052493
Unique Properties, Inc
Listed by Unique Properties, Inc

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$303,597.00
$25,299.75/mo

Valuation Metrics

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DSCR
5.95%
Cap Rate
5.95%
ROI

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Zoning

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RH-5 ResidentialMulti FamilyResidential High 5
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Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics

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