1139 12th ST, Boulder, CO 80302
1139 12th ST, Boulder, CO 80302
1139 12th ST, Boulder, CO 80302
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Denise Gerhardt

Denise Gerhardt

+1(720) 212-5231
$3,310,000
Est. payment /mo
3,898 SqFt
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Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,898 sqft

Price per Sqft $849

Subdivision University Terrace

MLS Listing ID IR1067389

HOA Y/N No

Year Built 1899

Annual Tax Amount $14,354

Tax Year 2025

Lot Size 6,196 Sqft

Acres 0.14

Property Sub-Type Duplex

Source recolorado

Property Description

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.

Location

State CO

County Boulder

Zoning RH-5

Rooms

Basement Full

Interior

Heating Hot Water

Fireplace N

Exterior

Utilities Available Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected

Roof Type Composition

Total Parking Spaces 7

Building

Water Public

Level or Stories Two

Structure Type Stone,Frame

Schools

Elementary Schools Boulder Community School/Integrated Studies

Middle Schools Other

High Schools Boulder

School District Boulder Valley Re 2

Others

Ownership Individual

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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REColorado (REColorado MLS)
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed by Unique Properties

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Denise Gerhardt

Denise Gerhardt

+1(720) 212-5231

Independent Broker License ID: IR100071810

Independent Broker License ID: IR100071810

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