For Sale Commercial MLS# 9373836

1020 Maxwell Avenue

Boulder, CO 80304

$4,550,000

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About 1020 Maxwell Avenue

The Maxwell Lofts is a trophy 9-unit multifamily asset located in the heart of Downtown Boulder, Colorado. Positioned in one of Boulder’s most desirable and supply-constrained residential neighborhoods, this property offers investors a rare opportunity to acquire a high-quality asset with substantial operational upside in a premier location. The building is comprised entirely of spacious 2-bedroom / 1-bathroom units, a highly sought-after floorplan in the Boulder market that appeals to roommates, young professionals, graduate students, and small families. Each unit benefits from central A/C, a rarity in many older Boulder assets, along with garage and off-street parking in the rear, further enhancing tenant demand and rent potential. Currently averaging approximately $2,185 per month, rents are meaningfully below market. Local property management feedback indicates achievable market rents in the $3,300–$3,400 range, presenting investors with a clear and compelling path to significant revenue growth through strategic lease turnover and operational optimization. Situated just steps from Pearl Street Mall, Boulder Creek Path, and within close proximity to the University of Colorado Boulder, the property benefits from exceptional walkability, lifestyle appeal, and proximity to major employment centers. Downtown Boulder continues to experience strong rental demand driven by limited developable land, high barriers to entry, and an affluent, educated tenant base. 1020 Maxwell Avenue represents a rare combination of trophy location, strong in-place fundamentals, meaningful rent upside, and long-term demand drivers in one of Colorado’s most resilient multifamily markets. FLEXIBLE PORTFOLIO SALE: CAN BE PURCHASED SEPARATELY OR TOGETHER WITH 3200 MADISON AVE

Property details

Property

Type
Multi Family
MLS type
Commercial Sale
Status
Active
Year built
1963
Lot
0.34 AC / 14,983 SF
MLS #
9373836

Exterior & lot

Garage spaces
5

Utilities

Water
Private
Sewer
Public Sewer

Financial

Annual tax
$22,716
Parcel
R0006200

Location

County
Boulder

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Listed by Luke Salazar, Pinnacle Real Estate Advisors

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