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$ 2,900,000
Est. payment /mo
New
3200 Madison AVE Boulder, CO 80303
6,831 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2247117
HOA Y/N No
Year Built 1963
Lot Size 6,831 Sqft
Acres 0.16
Property Sub-Type Multi Family
Property Description
3200 Madison Avenue is a well-located 6-unit multifamily asset in Boulder, Colorado, positioned in close proximity to the University district and core student housing demand drivers. Comprised entirely of 2-bedroom / 1-bathroom units, the property is ideally configured for roommate-style living, making it a highly functional and historically resilient student-oriented rental asset. The unit mix caters primarily to students and young professionals seeking proximity to campus and surrounding amenities. Located near the University of Colorado Boulder, the property benefits from consistent rental demand driven by annual enrollment, limited on-campus housing supply, and Boulder's overall housing constraints. The two-bedroom layout allows tenants to split rent efficiently, maintaining affordability while supporting strong per-unit revenue. Currently averaging approximately $2,000 per month, rents are below market levels. Local property management feedback indicates achievable market rents in the $2,350-$2,450 range, presenting investors with a clear operational value-add opportunity through natural lease turnover and strategic management
improvements. In addition to its proximity to campus, the property benefits from access to major transit corridors, neighborhood retail, and Boulder's outdoor amenities. Looking forward, Boulder's national profile is set to rise further with the relocation of the Sundance Film Festival beginning in January 2027. While 3200 Madison Avenue primarily serves the student demographic, broader citywide demand growth supports overall rental strength and long-term asset appreciation. Overall, 3200 Madison Avenue represents a compelling opportunity to acquire a stable student-oriented multifamily asset with clear operational upside in one of Colorado's most supply-constrained and durable rental markets. FLEXIBLE PORTFOLIO SALE: CAN BE PURCHASED SEPARATELY OR TOGETHER WITH 1020 MAXWELL AVE
improvements. In addition to its proximity to campus, the property benefits from access to major transit corridors, neighborhood retail, and Boulder's outdoor amenities. Looking forward, Boulder's national profile is set to rise further with the relocation of the Sundance Film Festival beginning in January 2027. While 3200 Madison Avenue primarily serves the student demographic, broader citywide demand growth supports overall rental strength and long-term asset appreciation. Overall, 3200 Madison Avenue represents a compelling opportunity to acquire a stable student-oriented multifamily asset with clear operational upside in one of Colorado's most supply-constrained and durable rental markets. FLEXIBLE PORTFOLIO SALE: CAN BE PURCHASED SEPARATELY OR TOGETHER WITH 1020 MAXWELL AVE
Location
State CO
County Boulder
Exterior
Waterfront Description Public
Private Pool No
Building
Sewer Public Sewer
Water Public
Others
Tax ID R0014334
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed byPinnacle Real Estate Advisors
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