Property
ActiveCommercial
1/37
$2,900,000

3200 Madison Avenue

Boulder, CO 80303
0
Beds
0
Baths
4,420
SqFt
0.16
Acres
RECOLORADO
#2247117
Updated: Mar 27, 2026, 7:00pm

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. In addition to its proximity to campus, the property benefits from access to major transit corridors, neighborhood retail, and Boulder’s outdoor amenities. Looking forward, Boulder’s national profile is set to rise further with the relocation of the Sundance Film Festival beginning in January 2027. 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. FLEXIBLE PORTFOLIO SALE: CAN BE PURCHASED SEPARATELY OR TOGETHER WITH 1020 MAXWELL AVE

Property Details

Interior
Building Area Total
4420
Construction
Also Marketed As
Commercial Sale
Number Of Units Total
6
Year Built
1963
Year Built Effective
2020
Site & Exterior
Current Use
Multi-Family
Lot Size Acres
0.16
Lot Size Area
6831
Lot Size Square Feet
6831
Lot Size Units
Square Feet
Offstreet Spaces
2
Parking Total
2
Sewer
Public Sewer
Water Included
Yes
Water Source
Public
Financials
Contract Earnest Check To
Land Title Guarantee Company
Exclusions
Tenant's personal property
Parcel Number
R0014334
Tax Annual Amount
12410
Tax Legal Description
E 61 FT OF W 67 FT LOT 5 BLK 1 WESTVIEW GARDENS
Tax Year
2025
Title Company
Land Title Guarantee Company

Neighborhood & Lifestyle

Listing provided courtesy of RECOLORADO via IDX. Updated: Mar 27, 2026, 7:00pm.
Luke Salazar

Listing Agent

Pinnacle Real Estate Advisors

Call Agent