Map of Property

The Block Portfolio

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

  • For Sale $23,000,000
  • 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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Attachments

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)

Contacts

broker

Luke Salazar

Pinnacle Real Estate Advisors

Location

Getting Around

  • Walk Score ®

    88/100 Very Walkable

  • Transit Score ®

    55/100 Good Transit

  • Bike Score ®

    90/100 Biker's Paradise
Powered by Walk Score ®
  • 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

  • Food Court: Gurkhas, Boulder Salad, Boco Cafe, Thai Avenue, Korean, Mexican

    0.08 miles

  • Waffle Brothers

    0.08 miles

  • Deli Zone

    0.08 miles

  • The Corner

    0.10 miles

  • Fat Shack

    0.11 miles

  • Scrooge Maki

    0.11 miles

  • Gaia Masala & Burger

    0.11 miles

  • Terra Thai

    0.12 miles

  • Illegal Pete's

    0.12 miles

  • Jimmy John's

    0.13 miles

  • UMC Doma

    0.18 miles

  • University Hill Elementary

    0.21 miles

  • University Hill School

    0.28 miles

  • Community Montessori School

    0.30 miles

  • Boulder High School

    0.51 miles

  • University of Colorado Boulder (Main Campus)

    0.52 miles

  • Flatirons School

    0.52 miles

  • New Vista High School

    0.55 miles

  • Base Line Middle School

    0.58 miles

  • Naropa University

    0.71 miles

  • Off Broadway Preschool

    1.01 miles

  • Mapleton Early Childhood Center

    1.10 miles

  • Homestar Child Development Center

    1.61 miles

  • Sunflower Preschool

    1.62 miles

  • Tiny Minders Preschool and Daycare

    1.68 miles

  • Active Boulder Kids

    2.28 miles

  • ScuttleBugs Boulder

    2.63 miles

  • Mount Hope Lutheran Preschool

    2.86 miles

  • Boulder Waldorf Kindergarten & Preschool

    3.00 miles

  • Miss Catherine's Infant Center

    5.93 miles

Frequently Asked Questions

How much does The Block Portfolio cost?

The space currently listed for sale at The Block Portfolio asks for $23,000,000.

What is the total square footage of The Block Portfolio?

The Block Portfolio totals 23,162 square feet.

When was this property built?

The Block Portfolio was built in 2018.

Looking for more in-depth information on this property?

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Contact Listing Broker

broker

Luke Salazar

Pinnacle Real Estate Advisors