44
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$4,550,000
Est. payment /mo
0.34 Acres Lot
Active
1020 Maxwell AVE Boulder, CO 80304
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Key Details
Property Type Multi-Family, Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 9373836
HOA Y/N No
Year Built 1963
Lot Size 0.344 Acres
Acres 0.34
Property Sub-Type Multi Family
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
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
Exterior
Parking Features Detached, Garage
Garage Spaces 5.0
Waterfront Description Private
Private Pool No
Building
Sewer Public Sewer
Water Private
Others
Tax ID R0006200
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed byPinnacle Real Estate Advisors
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TESTIMONIALS
James
Travis Hightower is an exceptional real estate professional. I worked with him on the sale of my condo, and his professionalism, initiative, and attention to detail were outstanding from beginning to end. Travis took ownership of the entire process. He coordinated the contractors, got the property market-ready quickly, and produced a listing that stood well above the competition. The photography and presentation were first-class. He even took the initiative to meet with the HOA to better understand the property's finances, future plans, and implications for residents. The results spoke for themselves. Despite listing in December, we were under contract within a week and closed in less than a month. We also achieved an excellent price, particularly considering a condo one building over sold for approximately 11% less just a few months later. I was traveling internationally during much of the process, but Travis and his team made everything straightforward. Communication was consistently clear, responsiveness was excellent, and the closing team was equally professional and reasonable in its fees. Real estate is clearly more than a profession to Travis. He lives and breathes it, and that commitment shows in the quality of his work, the people he surrounds himself with, and the results he delivers. Beyond his professionalism, Travis is genuinely warm, personable, and a pleasure to work with. He has a way of making you feel at ease and that you're in good hands. I couldn't be happier with the experience and would recommend Travis without hesitation.