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1380 19th St
Boulder, CO 80302
Thomas Jefferson Apartments · Multifamily Property For Sale
·
17 Units
Investment Highlights
- THE WIDEST RENT GAP IN BOULDER STUDENT HOUSING
- STRUCTURAL SUPPLY DEFICIT — BY DESIGN, NOT BY CYCLE
- RETURN PROFILE
- CU BOULDER — A DEMAND ENGINE WITHOUT PEER
- UNIFORM PRODUCT, STREAMLINED EXECUTION
Executive Summary
MARCUS & MILLICHAP IS PLEASED TO EXCLUSIVELY PRESENT THOMAS JEFFERSON APARTMENTS — A 17-UNIT, 34-BED STUDENT HOUSING ASSET LOCATED AT 1380 19TH STREET IN BOULDER’S GOSS-GROVE SUBMARKET, DIRECTLY ADJACENT TO THE UNIVERSITY OF COLORADO BOULDER. THE PROPERTY OFFERS A RARE CONVERGENCE OF IRREPLACEABLE CAMPUS PROXIMITY, DEEPLY BELOW-MARKET RENTS, AND A CLEAR VALUE-ADD PATHWAY IN ONE OF THE MOST PROVEN STUDENT HOUSING MARKETS IN THE COUNTRY.
Thomas Jefferson sits immediately west of CU Boulder, with the university bordering the property to the east and only a single 0.22-acre parcel separating it from campus to the south. In a market where walkability to class is the single most important amenity for student renters, this is not simply a near-campus address. It is functionally on campus — a position that is permanent, unrepeatable, and insulated from competitive supply.
The property comprises 17 uniformly configured two-bedroom, two-bathroom apartments averaging 851 square feet across 0.42 acres of RH-1 zoned land. That consistency is a meaningful operational advantage. One floor plan, one renovation scope, one leasing profile — centered on the most liquid and dependable unit format in Boulder’s off-campus market. Two-bedroom product continues to outperform across the city because it balances affordability through roommate configurations with the privacy and space that students prioritize.
Thomas Jefferson sits immediately west of CU Boulder, with the university bordering the property to the east and only a single 0.22-acre parcel separating it from campus to the south. In a market where walkability to class is the single most important amenity for student renters, this is not simply a near-campus address. It is functionally on campus — a position that is permanent, unrepeatable, and insulated from competitive supply.
The property comprises 17 uniformly configured two-bedroom, two-bathroom apartments averaging 851 square feet across 0.42 acres of RH-1 zoned land. That consistency is a meaningful operational advantage. One floor plan, one renovation scope, one leasing profile — centered on the most liquid and dependable unit format in Boulder’s off-campus market. Two-bedroom product continues to outperform across the city because it balances affordability through roommate configurations with the privacy and space that students prioritize.
Property Facts
| Price Per Unit | $653,741 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.42 AC |
| Cap Rate | 6.76% | Building Size | 14,472 SF |
| No. Units | 17 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1969 |
| Apartment Style | Low-Rise | ||
| Zoning | HR-X | ||
| Price Per Unit | $653,741 CAD |
| Sale Type | Investment |
| Cap Rate | 6.76% |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.42 AC |
| Building Size | 14,472 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1969 |
| Zoning | HR-X |
Amenities
Unit Amenities
- Dishwasher
- Disposal
- Washer/Dryer
- Refrigerator
- Range
- Freezer
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 17 | $4,862 CAD | 851 |
Property Taxes
| Parcel Number | 1463311-00-076 | Improvements Assessment | $473,056 CAD |
| Land Assessment | $129,162 CAD | Total Assessment | $602,218 CAD |
Property Taxes
Parcel Number
1463311-00-076
Land Assessment
$129,162 CAD
Improvements Assessment
$473,056 CAD
Total Assessment
$602,218 CAD
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