1139 12th St, Boulder, CO 80302
Local realty services provided by:CENTURY 21 CapRock Real Estate
1139 12th St,Boulder, CO 80302
$3,310,000
- - Beds
- - Baths
- 3,898 sq. ft.
- Multi-family
- Active
Listed by: philip dankner
Office: unique properties3033215888
MLS#:1067389
Source:IRES
Price summary
- Price:$3,310,000
- Price per sq. ft.:$849.15
About this home
The Unique Apartment Group is pleased to present 1139 12th Street, a 10-bed, 5-bath student housing investment on University Hill in Boulder, Colorado, steps from the CU Boulder campus and The Hill's retail, restaurant, and bar corridor. Demand consistently outpaces supply in this submarket: University Hill is geographically landlocked and largely built out, with zoning and topography sharply limiting new construction, while CU Boulder enrolls over 38,000 students against a persistent on-campus housing shortfall.The Hill operates on a pre-leasing cycle, with next year's leases typically executed the prior fall - giving ownership rare forward visibility into occupancy and income. The property is currently leased as a satellite house to a fraternity chapter, providing an organizational lease guarantee and a built-in occupancy pipeline through the chapter's recruitment cycle. Annual rent step-ups are the submarket norm, and the group lease configuration reduces turnover friction for a stabilized, hands-off cash flow profile.Ownership has invested meaningfully in recent years, minimizing near-term capital exposure for a buyer: a new backflow preventer and water shutoff were installed in 2024, and in 2025 both water heaters were replaced and one bathroom was fully remodeled.Beyond in-place cash flow, the property offers long-term development upside. Zoned RH-5 (Residential High Density), it benefits from Boulder's 2025 zoning amendments eliminating parking minimums, minimum land area per dwelling unit, and occupancy limits. Inclusionary housing requirements and Landmarks review remain part of the entitlement path, but the current zoning framework gives the next owner a runway to explore expanded density....
Contact an agent
Home facts
- Year built:1899
- Subdivision & Development:University Terrace
- Listing ID #:1067389
- Added:13 day(s) ago
- Updated:September 10, 2026 at 02:32 PM
Rooms and interior
- Basement Description:Full
- Living area:3,898 sq. ft.
Heating and cooling
- Heating:Hot Water
Structure and exterior
- Roof:Composition
- Year built:1899
- Building area:3,898 sq. ft.
- Lot area:0.14 Acres
- Construction Materials:Frame, Stone
- Levels:2 Story
Schools
- High school:Boulder
- Middle school:Other
- Elementary school:Boulder Community
Utilities
- Water:District
Finances and disclosures
- Price:$3,310,000
- Price per sq. ft.:$849.15
- Tax amount:$14,354
New listings near 1139 12th St
- Coming SoonOpen Sat, 12 to 2pm
$3,699,998Coming Soon4 beds 4 baths3,777 sq. ft.1221 Red Ash Ln, Boulder, CO 80303
MLS# 1068314Listed by: Compass - Boulder - Coming Soon
$750,000Coming Soon3 beds 2 baths1,372 sq. ft.3695 Martin Dr, Boulder, CO 80305
MLS# 1068308Listed by: Compass - Boulder - Coming Soon
$1,175,000Coming Soon4 beds 3 baths1,834 sq. ft.1425 Judson Dr, Boulder, CO 80305
MLS# 1068262Listed by: Madison & Company Properties - Boulder - Coming Soon
$7,350,000Coming Soon8 beds 11 baths12,339 sq. ft.8925 Mountain View Ln, Boulder, CO 80303
MLS# 1068179Listed by: Compass - Boulder - Coming Soon
$8,800,000Coming Soon3 beds 4 baths4,907 sq. ft.2285 Knollwood Dr, Boulder, CO 80302
MLS# 1067982Listed by: Compass - Boulder - Coming SoonOpen Sat, 10am to 12pm
$1,599,000Coming Soon3 beds 3 baths2,220 sq. ft.1969 Joslyn Ct, Boulder, CO 80304
MLS# 1067859Listed by: Compass - Boulder - Open Fri, 5 to 7pmNew
$819,000Active3 beds 2 baths1,704 sq. ft.3776 Telluride Ln, Boulder, CO 80305
MLS# 1068331Listed by: RE/MAX of Boulder, Inc - New
$89,000Active2 beds 1 baths992 sq. ft.5505 Valmont Rd #27, Boulder, CO 80301
MLS# 7014Listed by: Mary Rose Gutierrez - New
$7,995,000Active4 beds 6 baths5,622 sq. ft.3645 Cholla Ct, Boulder, CO 80304
MLS# 1068317Listed by: Compass - Boulder - New
$2,800,000Active3 beds 3 baths4,438 sq. ft.543 Linden Park Dr, Boulder, CO 80304
MLS# 1068318Listed by: Compass - Boulder