Overview
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 ‘26-’27 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.
Investment Highlights
- Premier A+ location on "The Hill"
- New construction condo quality units
- Parking garage upside
- Zero vacancy historically
- 6+% average rent growth
- Newer plumbing, electrical, boilers, roofs, exteriors at 1019 & 1027
1005 14th Street:
- Located half a block from campus on one of the premier blocks on “The Hill”
- Nine large condo-quality units totaling 35 bedrooms
- Includes rare 35 parking spaces in underground garage with additional parking income upside
- Washer/dryers and wine coolers in units
- Private balconies
- Fully preleased for ‘26-’27 school year
1019 14th Street:
- Located half a block from campus on one of the premier blocks on “The Hill”
- Zoned for up to 36 occupants
- Fire sprinkler system, newer roof, newer exterior paint, updated kitchens
- Updated plumbing and electrical, plus a recently replaced boiler system
- Dorm-style baths with multiple stalls and showers
- Master Leased Thru 2029 with Alpha Sigma Phi
1027 14th Street:
- Located half a block from campus on one of the premier blocks on “The Hill”
- Cosmetics of a new build with newer systems including plumbing and electrical, plus a recently replaced boiler system
- Fully renovated interiors including kitchens and baths with new granite countertops, cabinets, stainless steel appliances, lighting, and hardwood flooring throughout
- Recently brought up to code including electrical, plumbing, and landscaping
- 400+ SF club house in the backyard for 1027 tenants use only
- Fully preleased for ‘26-’27 school year
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