3200 Madison Avenue Boulder, CO $ 2,900,000
3200 Madison Avenue
$ 2,900,000
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3200 Madison Avenue

Boulder, CO, 80303
$ 2,900,000
Bedrooms-- Baths-- Sq 4,420

Monthly Estimate*

$ 17,856

Listed by Pinnacle Real Estate Advisors
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Commercial Property for sale in Boulder, CO

for $2,900,000. This 4,420 square foot building was built in 1963 on a lot size of 0.16.

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

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Commercial Active

Price

$ 2,900,000

Property Type

Commercial

Taxes

$ 12,410

Style

Lot Size

0.16

Year Built

1963

Town/City

Boulder

County/Region

Boulder

MLS | Web ID

2247117

Features
General
Sewer Public Sewer
Garage Spaces 0
Exclusions Tenant's personal property
Year Built 1963
Property Subtype Multi Family
Tax Year 2025
Current Use Multi-Family
Gross Income 152635
County Boulder
Operating Expense 45551
Property Type Commercial Sale
Attached Garage N
Status Active
City Boulder
Number Of Units Total 6
Lot Size Units Square Feet
Lot Size Square Feet 6831
Carport Spaces 0
Listing Terms Cash Conventional
Tax Annual Amount 12410
Standard Status Active
Occupancy Type Tenant
Cap Rate 5.16
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Exterior
Water Source Public
Total Parking 2
Lot Size Area 6831
Building Area Total 4420
Lot Size Acres 0.16
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Internal Only
Street Number 1 3200
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* Excluded Features
List By
Pinnacle Real Estate Advisors

Broker

(303) 962-9534

Phone

Affordability Calculator

$18,890
Per Month
95%
5%
0%
Monthly Principal & Interest
$17,856
Monthly Property Taxes
$1,034
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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.
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Nearby
242254 Elementary School
242425 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/27/2026$2,900,000 Listed Price

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3200 Madison Avenue, Boulder, CO, 80303 is a Commercial Property for sale at $2,900,000 with 4,420 sqft and a lot size of 0.16. 3200 Madison Avenue was built in 1963. The property's zip code is 80303 which is in Boulder, CO