3200 Madison Ave
- PROVEN STUDENT HOUSING LOCATION: EAST SIDE OF UNIVERSITY OF COLORADO BOULDER
- CLEAR OPERATIONAL VALUE-ADD OPPORTUNITY: CURRENT AVERAGE RENTS OF APPROXIMATELY $2,000/MONTH ARE SIGNIFICANTLY BELOW MARKET RENTS
- IDEAL 2BR/1BA FLOORPLAN MIX: ALL SIX UNITS ARE FUNCTIONAL TWO-BEDROOM LAYOUTS, OPTIMIZED FOR STUDENT LIVING
- FLEXIBLE PORTFOLIO SALE: CAN BE PURCHASED SEPARATELY OR TOGETHER WITH 1020 MAXWELL AVE
- RECESSION-RESILIENT DEMAND PROFILE: STUDENT HOUSING IN BOULDER HAS HISTORICALLY SEEN 6-8% RENT GROWTH
- BOULDER HAS BEEN SELECTED AS THE NEW HOME FOR THE SUNDANCE FILM FESTIVAL STARTING JAN 2027
- 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
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. This gap provides a straightforward path to meaningful NOI growth without the need for extensive capital renovation. In addition to its proximity to campus, the property benefits from access to major transit corridors, neighborhood retail, and Boulder’s outdoor amenities. The city’s high barriers to new development, restrictive zoning environment, and limited land availability continue to support long-term rental fundamentals. Looking forward, Boulder’s national profile is set to rise further with the relocation of the Sundance Film Festival beginning in January 2027, bringing additional tourism, economic activity, and housing demand to the market. 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.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $2,900,000 |
| No. of Units: | 6 |
| Year Built: | 1963 |
| Lot Size: | 0.16 Acres |
| Opportunity Zone: | No |
| Price per unit: | $483,333 |
| Property Website | Click Here |
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