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$4,200,000

Est. payment - /mo

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7,400 SqFt

New

1631 19th Boulder, CO 80302

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Elisabeth King

elisabethkingrealestate@gmail.com +1(970) 388-0125

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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,400 sqft

Subdivision Culver

MLS Listing ID IRE1071796

HOA Y/N No

Year Built 1900

Annual Tax Amount $17,928

Tax Year 2025

Lot Size 0.270 Acres

Acres 0.27

Property Sub-Type Multi Family

Source ires

Property Description

Located blocks from Pearl Street and CU Boulder, 1631 19th St offers a rare opportunity to acquire a 7-unit, 21-bedroom multifamily property in Boulder's desirable Goss Grove neighborhood. The property totals approximately 7,400 SF and features two 2BR units, three 3BR units, two 4BR units, and 12 off-street parking spaces. Significant value-add potential remains across six units. Unit #1 was renovated in 2025, providing a proof of concept for the proposed improvements. The renovation strategy includes interior upgrades, in-unit laundry, and floorplan modifications to increase the property from 21BR/10BA to 23BR/12BA. Proposed improvements include additional bathrooms in Units #3 and #4 and bedrooms in Units #4 and #7. The estimated renovation budget is $390K ($65K/unit). Ownership has invested approximately $300K in exterior capital improvements over the past five years, including roof, windows, siding/insulation, exterior staircases, and bathroom exhaust systems. At the $4.2M offering price, the property features a 5.58% stabilized as-is cap rate, based on $234,242 in modeled NOI. Following renovations, the pro forma projects $338,003 in stabilized NOI and a 7.36% unleveraged yield on total cost, including the $390K renovation budget. Projections are subject to permitting, renovation execution, lease timing, and buyer verification. No assumable loan or seller financing.

Location

State CO

County Boulder

Community Culver

Area Boulder

Zoning RH-E

Direction Google Maps

Rooms

Basement Partially Finished

Interior

Interior Features Eat-in Kitchen, Cathedral Ceiling(s), Outside Entry

Heating Hot Water

Flooring Wood

Appliance Electric Range, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Fire Alarm

Exterior

Exterior Feature Sprinkler System, Balcony

Utilities Available Natural Gas Available, Electricity Available, Cable Available, Master Meter-Gas, Separate Meter Electricity

View Y/N Yes

View Hills

Roof Type Composition

Improvements No

Porch Deck

Garage No

Building

Lot Description Deciduous Trees, Level, Paved, Curbs, Sidewalks, Street Light, Fire Hydrant within 500 Feet

Sewer Public Sewer

Water Public

Level or Stories Three Or More

Structure Type Frame

New Construction false

Schools

Elementary Schools Whittier

Middle Schools Centennial

High Schools Boulder Valley Dist Re2

School District Boulder Valley Dist Re2

Others

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Private Owner

Virtual Tour https://my.matterport.com/models/CQwvnHpjfSW

Information and Real Estate Services (IRES)

Listed by Benny Swan

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Elisabeth King

Broker Associate

+1(970) 388-0125 | elisabethkingrealestate@gmail.com

1631 19th Boulder, CO 80302

Elisabeth King

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

I CAN HELP YOU MAKE AN OFFER ON THIS PROPERTY

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1631 19th