1631 19th ST Boulder, CO 80302
0.27 Acres Lot
UPDATED:
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
Significant value-add potential remains across six of the seven units. Unit #1 was recently renovated, successfully demonstrating the renovation strategy and achievable rental premium. The proposed renovation plan for the remaining units includes interior upgrades, adding in-unit washer/dryers, and strategic floorplan modifications that would increase the property from **21 bedrooms / 9 bathrooms to 22 bedrooms / 11 bathrooms**. Property management projects approximately 17% rent growth following renovation and stabilization, with an estimated renovation budget of approximately $390K ($65K/unit) for the remaining six units.
Ownership has also invested approximately $300K in recent exterior capital improvements, including roof, windows, siding/insulation, exterior staircases and bathroom exhaust systems, providing a strong infrastructure foundation for the next owner while allowing future capital to be focused primarily on the interior value-add opportunity.
Current NOI is approximately $235,630, with projected stabilized NOI of approximately $329,229 following execution of the renovation strategy. The property has historically achieved full pre-leasing and offers investors a compelling combination of current cash flow, proven renovation upside and an irreplaceable central Boulder location.
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
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
- REALTOR ® / Broker Associate License ID: FA.100108858
With more than 20 years in Douglas County, I bring both local knowledge and a personal understanding of how our housing needs change through different seasons of life. As an empty nester who has also experienced multi-generational living firsthand, I especially enjoy helping clients think through what they need from a home today—and what will serve them well in the years ahead.
My approach to real estate is shaped by a diverse professional background. I earned a law degree and spent years in senior corporate leadership, including leading a business division responsible for product acquisition and development, sales, marketing, and overall performance. Today, alongside our real estate business, we own a residential remodeling and handyman company. That combination brings business leadership, strategic negotiation, marketing expertise, legal education, and hands-on knowledge of homes to every transaction.
For sellers, I help determine what’s worth doing—and what isn’t—to prepare and position a home for the best possible result. When updates make sense, our pay-at-close renovation option can help coordinate practical improvements without requiring upfront payment. For buyers, I bring the same thoughtful approach to evaluating a home’s condition, potential, functionality, and long-term value.
Above all, I’m a calm, strategic, and hands-on partner who believes great representation is personal. Whether I’m developing a pricing strategy, negotiating on your behalf, coordinating contractors and staging, or hanging curtains before photos, I treat your move with the same care I would my own.