Commercial Sale · Active
Boulder, CO 80302
$4,200,000
Multi Family
Property Type
0.27 acres
Lot Size
1900
Year Built
4515025
MLS #
About This Property
Located just blocks from Pearl Street and CU Boulder, 1631 19th St presents a rare opportunity to acquire a 7-unit, 21-bedroom multifamily property in Boulder's highly desirable Goss Grove neighborhood. The property totals approximately 7,400 SF and features a diverse unit mix of two 2BR units, three 3BR units and two 4BR units, along with 12 off-street parking spaces.
Significant value-add potential remains across six of the seven units. Unit #1 was recently renovated, successfully demonstrating the renovation strategy and achievable rental premium. The proposed renovation plan for the remaining units includes interior upgrades, adding in-unit washer/dryers, and strategic floorplan modifications that would increase the property from **21 bedrooms / 9 bathrooms to 22 bedrooms / 11 bathrooms**. Property management projects approximately 17% rent growth following renovation and stabilization, with an estimated renovation budget of approximately $390K ($65K/unit) for the remaining six units.
Ownership has also invested approximately $300K in recent exterior capital improvements, including roof, windows, siding/insulation, exterior staircases and bathroom exhaust systems, providing a strong infrastructure foundation for the next owner while allowing future capital to be focused primarily on the interior value-add opportunity.
Current NOI is approximately $235,630, with projected stabilized NOI of approximately $329,229 following execution of the renovation strategy. The property has historically achieved full pre-leasing and offers investors a compelling combination of current cash flow, proven renovation upside and an irreplaceable central Boulder location.
No assumable loan or seller financing.
20 days on market
Listed by Benjamin Swan · Live West Realty · Benny@livewestrealty.com,303-818-6236
Property Details
| Property Type | Commercial Sale |
| Sub Type | Multi Family |
| Status | Active |
| MLS # | 4515025 |
| Days on Market | 20 |
| Year Built | 1900 |
| Lot Size (Sq Ft) | 11,880 |
| Acres | 0.27 |
| Annual Taxes | $17,928 |
| State | CO |
| County | Boulder |
| Zoning | RH-2 |
| Exterior Features | Balcony |
| Parking Features | Asphalt |
| Roof | Composition |
| Lot Features | Corner Lot, Landscaped, Near Public Transit, Sprinklers In Front, Sprinklers In Rear, Irrigated |
| Construction | Frame, Vinyl Siding |
| Sewer | Public Sewer |
| Water Source | Public |
Location
Price History
| Date | Event | Price |
|---|---|---|
| 9/30/2026 |
Listed for sale Source: REcolorado® #4515025 |
$4,200,000 |
Based on information submitted to the MLS GRID as of October 20, 2026 at 3:41 PM MDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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