- For Sale $4,900,000
- Property Type Multi-Family
- Property Size 7,227 SF
- Units 9
- Lot Size 0.32 Acre
- Building Class B
- Year Built 1963
- Date Updated Aug 12, 2026
Description
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.
Looking ahead, Boulder’s profile as a cultural and economic hub will further accelerate with the relocation of the Sundance Film Festival beginning in January
2027, bringing international visibility, tourism, and incremental housing demand to the downtown core. Assets such as 1020 Maxwell — located within
walking distance to festival venues and downtown amenities — stand to directly benefit from this long-term demand catalyst.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. This creates a rare opportunity to capture substantial NOI expansion without major structural redevelopment.
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.
Looking ahead, Boulder’s profile as a cultural and economic hub will further accelerate with the relocation of the Sundance Film Festival beginning in January
2027, bringing international visibility, tourism, and incremental housing demand to the downtown core. Assets such as 1020 Maxwell — located within
walking distance to festival venues and downtown amenities — stand to directly benefit from this long-term demand catalyst.
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.
Highlights
- ALL (9) 2BR/1BA UNITS NEWLY RENOVATED, SEPARATELY METERED FOR GAS AND ELECTRIC WITH CENTRAL A/C
- BOULDER HAS BEEN SELECTED AS THE NEW HOME FOR THE SUNDANCE FILM FESTIVAL STARTING JAN 2027
- BOULDER’S HISTORICALLY STRONG RENTAL MARKET WITH LIMITED NEW SUPPLY AND HIGH BARRIERS TO ENTRY
- CURRENTLY RENTED AS CORPORATE RENTALS WITH HOUSING HELPERS AT $3,500-$4,000 PER MONTH
- DOWNTOWN BOULDER - EXCEPTIONAL WALKABILITY TO PEARL STREET MALL, CAFES, BOUTIQUES, AND ENTERTAINMENT
- FLEXIBLE PORTFOLIO SALE: CAN BE PURCHASED SEPARATELY OR TOGETHER WITH 3200 MADISON AVE
- IMMEDIATE OPERATIONAL UPSIDE THROUGH STREAMLINED MANAGEMENT AND GETTING RENTS TO MARKET RATES
- SHORT DISTANCE TO UNIVERSITY OF COLORADO BOULDER, MAJOR EMPLOYERS, AND TRANSIT OPTIONS
- TURN-KEY DOWNTOWN BOULDER ASSET: TROPHY PROPERTY IN PREMIER MAPLETON HILL LOCATION
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Contacts
Luke Salazar
Pinnacle Real Estate Advisors
Location
Located at 1020 Maxwell Ave, Boulder, CO 80304, this property is part of the Mapleton Hill neighborhood and Denver market.
Contact Listing Broker
Luke Salazar
Pinnacle Real Estate Advisors