For Sale

Listed by Philip Dankner from Unique Properties

Source: REcolorado #RECIR1067389

1139 12th Street, Boulder, CO, 80302

$3,310,000

7
3898 sq. ft.
6196 sq. ft.

Duplex

What's around 1139 12th Street

About this property

The Unique Apartment Group is pleased to present 1139 12th Street, a 10-bed, 5-bath student housing investment on University Hill in Boulder, Colorado, steps from the CU Boulder campus and The Hill's retail, restaurant, and bar corridor. Demand consistently outpaces supply in this submarket: University Hill is geographically landlocked and largely built out, with zoning and topography sharply limiting new construction, while CU Boulder enrolls over 38,000 students against a persistent on-campus housing shortfall.The Hill operates on a pre-leasing cycle, with next year's leases typically executed the prior fall - giving ownership rare forward visibility into occupancy and income. The property is currently leased as a satellite house to a fraternity chapter, providing an organizational lease guarantee and a built-in occupancy pipeline through the chapter's recruitment cycle. Annual rent step-ups are the submarket norm, and the group lease configuration reduces turnover friction for a stabilized, hands-off cash flow profile.Ownership has invested meaningfully in recent years, minimizing near-term capital exposure for a buyer: a new backflow preventer and water shutoff were installed in 2024, and in 2025 both water heaters were replaced and one bathroom was fully remodeled.Beyond in-place cash flow, the property offers long-term development upside. Zoned RH-5 (Residential High Density), it benefits from Boulder's 2025 zoning amendments eliminating parking minimums, minimum land area per dwelling unit, and occupancy limits. Inclusionary housing requirements and Landmarks review remain part of the entitlement path, but the current zoning framework gives the next owner a runway to explore expanded density.

Looking for more information on 1139 12th Street?

Explore comparables, sales history and growth for this property.
Learn more

Similar properties for sale nearby

For Sale
$3,850,000
1127 12th Street
Boulder CO 80302
10
Duplex
Listing courtesy of Unique Properties
For Sale
$1,495,000
1 & 2/1843 Arapahoe Avenue
Boulder CO 80302
2
Duplex
Listing courtesy of Compass - Boulder
For Sale
$1,410,000
730 19th Street
Boulder CO 80302
3
Duplex
Listing courtesy of Market Real Estate

Other property for sale by Unique Properties

For Sale
$3,850,000
1127 12th Street
Boulder CO 80302
10
Duplex
Listing courtesy of Unique Properties

Browse properties sold in nearby areas

The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA") provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under MLS GRID IDX Rules Updated September 16, 2024 7 U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to: dmca@ratemyagent.com

The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner's behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

Email
© 2026 RateMyAgent