1020 Maxwell Avenue
Boulder, CO, 80304 $ 4,900,000
Bedrooms-- Baths-- Monthly Estimate*
$ 33,843
Listed by Pinnacle Real Estate Advisors
for $4,900,000. This building was built in 1963 on a lot size of 0.34.
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. 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. 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. FLEXIBLE PORTFOLIO SALE: CAN BE PURCHASED SEPARATELY OR TOGETHER WITH 3200 MADISON AVE
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FeaturesGeneralSewer Public Sewer
Garage Spaces 5
Construction Materials Frame
Year Built 1963
Property Subtype Multi Family
Current Use Multi-Family
Parcel Number R0006200
County Boulder
Property Type Commercial Sale
HOA N
Attached Garage N
City Boulder
Senior Community Y/N N
Number Of Units Total 9
Lot Size Units Square Feet
Lot Size Square Feet 14983
Carport Spaces 0
Property Attached Y/N N
Tax Annual Amount 22716
Standard Status Active
Freehold IDX
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ExteriorWater Source Private
Lot Size Area 14983
Lot Size Acres 0.34
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* Excluded FeaturesList ByPinnacle Real Estate AdvisorsBroker
lsalazar@pinnaclerea.com,303-962-9534Contact
Affordability Calculator
- Monthly Principal & Interest
- $33,843
- Monthly Property Taxes
- $1,893
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Boulder, CO
Average List Price $4,008,889
Percent of Sale Price 18%
About Boulder, CO 102,151 Population
6% Since 2002
$ 65,436 Median Income
31.88 Median Age
18% Households with Children
Trends Information provided by ATTOM Data Solutions.
242254 Elementary School
242425 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 3/27/2026 | $4,900,000 | | Listed Price |