1020 Maxwell Ave
- TURN-KEY DOWNTOWN BOULDER ASSET: TROPHY PROPERTY IN PREMIER MAPLETON HILL LOCATION
- CURRENTLY RENTED AS CORPORATE RENTALS WITH HOUSING HELPERS AT ~$3,500-$4,000 PER MONTH
- IMMEDIATE OPERATIONAL UPSIDE THROUGH STREAMLINED MANAGEMENT AND GETTING RENTS TO MARKET RATES
- ALL (9) 2BR/1BA UNITS NEWLY RENOVATED, SEPARATELY METERED FOR GAS AND ELECTRIC WITH CENTRAL A/C
- FLEXIBLE PORTFOLIO SALE: CAN BE PURCHASED SEPARATELY OR TOGETHER WITH 3200 MADISON AVE
- BOULDER HAS BEEN SELECTED AS THE NEW HOME FOR THE SUNDANCE FILM FESTIVAL STARTING JAN 2027
- DOWNTOWN BOULDER - EXCEPTIONAL WALKABILITY TO PEARL STREET MALL, CAFES, BOUTIQUES, AND ENTERTAINMENT
- SHORT DISTANCE TO UNIVERSITY OF COLORADO BOULDER, MAJOR EMPLOYERS, AND TRANSIT OPTIONS
- BOULDER’S HISTORICALLY STRONG RENTAL MARKET WITH LIMITED NEW SUPPLY AND HIGH BARRIERS TO ENTRY
Property Description
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. This creates a rare opportunity to capture substantial NOI expansion without major structural redevelopment. 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. Looking ahead, Boulder’s profile as a cultural and economic hub will further accelerate with the relocation of the Sundance Film Festival beginning in January 2027, bringing international visibility, tourism, and incremental housing demand to the downtown core. Assets such as 1020 Maxwell — located within walking distance to festival venues and downtown amenities — stand to directly benefit from this long-term demand catalyst. 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.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $4,900,000 |
| No. of Units: | 9 |
| Year Built: | 1963 |
| Lot Size: | 0.32 Acres |
| Opportunity Zone: | No |
| Price per unit: | $544,444 |
| Property Website | Click Here |
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