3200 Madison Avenue, Boulder, CO

Name: 3200 Madison Avenue, For Sale in Boulder - eXp Realty
Brand: Pinnacle Real Estate Advisors
SKU: 2247117
Price: 2900000 USD

Real Estate

For Sale

Listed price in listed location currency (USD).

$2,900,000

002

MLS® 2247117

Key Facts
Description
Map

Key Facts

Type Multi Family

Levels Commercial Sale

Size -

Garage No

HOA Fees

Taxes $12,410

Days Active 0

Approx. Age 1963

MLS® Number 2247117

Property Address: 3200 Madison Avenue, Boulder, CO, 80303

Average square foot calculated using Size range provided by listing agent.

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

MLS® Number2247117

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry Level

Exposure

Exterior

GarageNo

Approx. Age1963

Stories

Pets

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Mar 27, 2026List Date

$2,900,000List Price

Commute

Commute

Starting Address

Destination Address

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