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Jennifer Berg

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

$2,900,000

Est. payment - /mo

4,420 SqFt

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UPDATED:

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,420 sqft

Price per Sqft $656

MLS Listing ID 2247117

HOA Y/N No

Year Built 1963

Annual Tax Amount $12,410

Tax Year 2025

Lot Size 6,831 Sqft

Acres 0.16

Property Sub-Type Multi Family

Source recolorado

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

Location

State CO

County Boulder

Interior

Fireplace N

Exterior

Total Parking Spaces 2

Garage No

Building

Sewer Public Sewer

Water Public

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

3200 Madison AVE Boulder, CO 80303