879 19th St Unit 881 Boulder, CO 80302
University Hill NeighborhoodEstimated payment $17,200/month
Highlights
- No HOA
- Double Pane Windows
- Cooling Available
- Flatirons Elementary School Rated A
- Brick Veneer
- Forced Air Heating System
About This Home
Turn-key and teeming with potential! This Prime investment property sits right on the edge of CU's buzzing campus, nestled in one of University Hill's most coveted blocks. With smart upgrades, strong tenant demand, and solid rental returns, it's a ready-to-roll opportunity for your next portfolio win! RHL-00995550 Duplex + 4 Rooming Units. 879 is a three bed / 1 bath carriage house with character. 881 is a 1960's purpose-built student housing apartment building with 7 beds and 3 baths. Together they share 10 parking spaces (a highly valued amenity), an outdoor hardscaped patio and arguably the best location on the Hill, a stone's throw from CU Campus, like literally. Leased through 7/2026 with a net zero lease (tenants pay for trash, water, sewer, gas, electric and grounds). Property is professionally managed by Sunnyside and has a proven track record of running at a 20% expense ratio. 100% of windows have been replaced with double pane, high-efficiency vinyl. Newer roofs, new insulation and appliances, boiler and furnace, EV charger.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,951
Year Built
- Built in 1963
Lot Details
- 6,023 Sq Ft Lot
Parking
- 10 Parking Spaces
Home Design
- Duplex
- Brick Veneer
- Composition Roof
Interior Spaces
- 2,880 Sq Ft Home
- 2-Story Property
- Double Pane Windows
- Crawl Space
Kitchen
- Electric Oven or Range
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 10 Bedrooms
- 4 Bathrooms
Laundry
- Dryer
- Washer
Schools
- Flatirons Elementary School
- Manhattan Middle School
- Boulder High School
Utilities
- Cooling Available
- Forced Air Heating System
- Baseboard Heating
Listing and Financial Details
- Tenant pays for deposit, gas, electricity, water, sewer, trash collection
- Assessor Parcel Number R0006279
Community Details
Overview
- No Home Owners Association
- 2 Units
- University Place Subdivision
Building Details
- Gross Income $208,968
- Net Operating Income $163,617
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $9,773 | $107,120 | $54,088 | $53,032 |
| 2024 | $9,773 | $107,120 | $54,088 | $53,032 |
| 2023 | $9,773 | $111,434 | $55,108 | $60,012 |
| 2022 | $8,248 | $87,202 | $45,154 | $42,048 |
| 2021 | $7,872 | $89,712 | $46,454 | $43,258 |
| 2020 | $7,312 | $84,006 | $38,682 | $45,324 |
| 2019 | $7,200 | $84,006 | $38,682 | $45,324 |
| 2018 | $6,574 | $75,823 | $34,632 | $41,191 |
| 2017 | $6,368 | $83,827 | $38,288 | $45,539 |
| 2016 | $6,241 | $72,101 | $31,760 | $40,341 |
| 2015 | $5,910 | $57,288 | $28,258 | $29,030 |
| 2014 | $4,817 | $57,288 | $28,258 | $29,030 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/06/2025 05/06/25 | For Sale | $3,100,000 | +47.6% | $1,076 / Sq Ft |
| 04/04/2021 04/04/21 | Off Market | $2,100,000 | -- | -- |
| 12/31/2020 12/31/20 | Sold | $2,100,000 | -6.7% | $729 / Sq Ft |
| 07/23/2020 07/23/20 | For Sale | $2,250,000 | -- | $781 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $985,000 | First Colorado Title | |
| Warranty Deed | $700,000 | Guardian Title Agency Llc | |
| Special Warranty Deed | $642,600 | -- | |
| Deed | -- | -- | |
| Warranty Deed | $147,500 | -- | |
| Warranty Deed | $81,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $533,850 | New Conventional | |
| Closed | $738,750 | Fannie Mae Freddie Mac | |
| Previous Owner | $100,000 | Credit Line Revolving | |
| Previous Owner | $255,000 | Stand Alone First |
Source: IRES MLS
MLS Number: 1033265
APN: 1463314-06-020
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