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Jennifer Berg

jennifermberg@icloud.com +1(720) 272-1171

$4,900,000

Est. payment - /mo

7,227 SqFt

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UPDATED:

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,227 sqft

Price per Sqft $678

MLS Listing ID 9373836

HOA Y/N No

Year Built 1963

Annual Tax Amount $22,716

Tax Year 2025

Lot Size 0.344 Acres

Acres 0.34

Property Sub-Type Multi Family

Source recolorado

Property Description

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

Location

State CO

County Boulder

Interior

Fireplace N

Exterior

Garage Spaces 5.0

Total Parking Spaces 14

Garage No

Building

Sewer Public Sewer

Water Private

Structure Type Frame

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Listed by Pinnacle Real Estate Advisors

Schools and Properties Nearby

I'm Jennifer Berg, a Colorado Real Estate Broker with over 18 years guiding buyers in the Denver Metro area. Whether you are a first-time home buyer or seasoned investor, I'll dedicate myself to building a working relationship to make the process smooth and enjoyable.

I am Vice Chair at South Metro Denver REALTOR Association Young Professionals Network. Staying involved with other professionals in the industry allows me to keep current on market trends and connect you with my network of sellers.

+1(720) 272-1171

jennifermberg@icloud.com

Learn more about this property

1020 Maxwell AVE Boulder, CO 80304