For Sale Multi-Family MLS# IR1067393

1127 12th Street

Boulder, CO 80302

$3,850,000

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About 1127 12th Street

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.

Property details

Property

Type
Triplex
MLS type
Residential Income
Status
Active
Year built
1899
Stories
3
Lot
0.21 AC / 9,200 SF
MLS #
1067393

Interior

Features
Full
Heating
Hot Water

Exterior & lot

Roof
Composition

Schools

District
Boulder Valley RE 2
Elementary
Boulder Community School/Integrated Studies
Middle
Other
High
Boulder

Utilities

Utilities
Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected
Water
Public

Financial

Annual tax
$20,751
Parcel
R0004961

Location

Subdivision
University Terrace
County
Boulder

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Listed by Philip Dankner, Unique Properties

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