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Vestra Realty Group

chime@vestrarealty.com +1(720) 580-1051

$ 3,850,000

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1127 12th ST Boulder, CO 80302

4,102 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 4,102 sqft

Price per Sqft $938

Subdivision University Terrace

MLS Listing ID IR1067393

HOA Y/N No

Year Built 1899

Annual Tax Amount $20,751

Tax Year 2025

Lot Size 9,200 Sqft

Acres 0.21

Property Sub-Type Triplex

Source recolorado

Property Description

The Unique Apartment Group is pleased to present 1127 12th Street, a 12-bed, 4-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. The property is currently leased to a fraternity as its main house, 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: the exterior deck was replaced with Trex decking in 2024, two bathrooms were fully remodeled in 2025, and a $120,000 interior modernization was completed in 2026, including a full electrical and panel upgrade, drywall replacement, fresh paint, and general maintenance.Beyond in-place cash flow, the property offers long-term development upside. Zoned RH-5 (Residential High Density) on a lot, it benefits from Boulder's 2025 zoning amendments eliminating parking minimums, minimum land area per dwelling unit, and occupancy limits. A 2020 Landmark Alteration Certificate for rear additions sympathetic to the historic 1899 structure established design precedent with City staff and the Landmarks Design Review Committee, though that approval has expired and would need refreshing. Inclusionary housing requirements and Landmarks review remain part of the entitlement path, but the zoning framework and prior design work give the next owner a clear runway to expand 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 10

Building

Water Public

Level or Stories Three Or More

Structure Type 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

Listed by Unique Properties

Nearby Locations

Vestra Realty Group

Broker Associate

+1(720) 580-1051

Vestra Realty Group

1127 12th ST Boulder, CO 80302

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby Locations

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1127 12th ST