1631 19th ST, Boulder, CO 80302
1631 19th ST, Boulder, CO 80302
1631 19th ST, Boulder, CO 80302
1631 19th ST, Boulder, CO 80302
1631 19th ST, Boulder, CO 80302
1631 19th ST, Boulder, CO 80302
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Jackie Vazquez

Jackie Vazquez

+1(720) 527-2751
$ 4,200,000
Est. payment | /mo

0.27 Acres Lot

Save Virtual Tour
$ 4,200,000
Est. payment | /mo
Save Virtual Tour

0.27 Acres Lot

Key Details

Property Type Multi-Family, Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 4515025

HOA Y/N No

Year Built 1900

Lot Size 0.273 Acres

Acres 0.27

Property Sub-Type Multi Family

Property Description

Located blocks from Pearl Street and CU Boulder, 1631 19th St offers a rare opportunity to acquire a 7-unit, 21-bedroom multifamily property in Boulder's desirable Goss Grove neighborhood. The property totals approximately 7,400 SF and features two 2BR units, three 3BR units, two 4BR units, and 12 off-street parking spaces.

Significant value-add potential remains across six units. Unit #1 was renovated in 2025, providing a proof of concept for the proposed improvements. The renovation strategy includes interior upgrades, in-unit laundry, and floorplan modifications to increase the property from 21BR/10BA to 23BR/12BA. Proposed improvements include additional bathrooms in Units #3 and #4 and bedrooms in Units #4 and #7. Property management projects approximately 34% growth in stabilized base rental income following renovations, with a $390K estimated budget ($65K/unit).

Ownership has invested approximately $300K in exterior capital improvements over the past five years, including roof, windows, siding/insulation, exterior staircases, and bathroom exhaust systems. These improvements allow future capital to focus primarily on interior renovations.

At the $4.2M offering price, the property features a 5.58% stabilized as-is cap rate, based on $234,242 in NOI. Following renovations, the model projects $338,003 in stabilized NOI and a 7.36% unleveraged yield on total cost, including the $390K renovation budget. The property has historically achieved full pre-leasing and offers investors a compelling combination of income potential, renovation upside, and a central Boulder location.

Projections are subject to permitting, renovation execution, lease timing, and buyer verification. No assumable loan or seller financing.

Location

State CO

County Boulder

Zoning RH-2

Exterior

Exterior Feature Balcony

Waterfront Description Public

Roof Type Composition

Private Pool No

Building

Lot Description Corner Lot, Irrigated, Landscaped, Near Public Transit, Sprinklers In Front, Sprinklers In Rear

Sewer Public Sewer

Water Public

Others

Tax ID R0008796

Virtual Tour https://my.matterport.com/models/CQwvnHpjfSW

REColorado MLS
© 2026 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed byLive West Realty
Jackie Vazquez

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(720) 527-2751

jackiesinco2@outlook.com

14341 E Tennessee Ave, Unit 307 Aurora, CO 80012, Aurora, Colorado 80012, USA

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from The Loveridge Group, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

1631 19th ST