- 3,898
- sqft
- 1899
- year built
- Status:
- Pending
- MLS #:
- IR1067389
- Neighborhood:
- University Terrace
- County:
- Boulder
- Listed By:
- Philip Dankner - Unique Properties
- Agent Phone:
- (303) 645-4796
- Agent Email:
- pdankner@uniqueprop.com
Sponsoring Broker: Derek Eisenberg, Continental Real Estate Group, Inc
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.
-
- Year Built
- 1899
-
- Construction Materials
- Frame, Stone
-
- Furnished
- Unfurnished
-
- Heating
- Hot Water
-
- Basement
- Full
-
- Acres
- 0.14
-
- Utilities
- Electricity Available, Natural Gas Available, Natural Gas Connected, Electricity Connected
-
- Water
- Public
-
- County
- Boulder
-
- City
- Boulder
-
- Neighborhood
- University Terrace
-
- Zip Code
- 80302
-
- High School
- Boulder
-
- Middle School
- Other
-
- Elementary School
- Boulder Community School/Integrated Studies
-
Nearby Schools
-
76out of 100
-
74out of 100
-
54out of 100
-
31out of 100
-
59out of 100
-
54out of 100
-
53out of 100
-
54out of 100
-
99out of 100
-
53out of 100
Disclaimer: ez Home Search School Ratings are on a scale of 1-100 and represent our evaluation of school quality based on academic performance, school resources, community feedback, and demographic factors. School attendance boundaries are for reference only. Contact the school directly to verify enrollment eligibility.
-
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Estimated Value
$2,010,709
$1,608,567 - $2,412,850
Source: Constellation Data Labs
Price History
| 08/27/2026 | Listed | $3,310,000 |
| Source: REcolorado #IR1067389 | ||
| 08/27/2026 | Listed | $3,310,000 |
| Source: IRES MLS #1067389 | ||
| 03/01/2011 | Off Market | — |
| Source: IRES MLS #675838 | ||
Source: MLS Data
Deed History
| 03/02/2012 | Warranty Deed | $825,000 |
| 05/28/2009 | Warranty Deed | $0 |
| 06/22/2007 | Quit Claim Deed (non-arm's length) | $0 |
| 12/22/2005 | Warranty Deed | $0 |
| 12/12/2003 | Warranty Deed | $700,000 |
| 07/18/2002 | Warranty Deed | $698,000 |
Source: Public records via Constellation Data Labs
Mortgage History
| 02/24/2025 | Commercial | $2,500,000 |
| 10/03/2013 | Stand Alone Second / Subordinate Position | $4,000,000 |
| 12/17/2012 | Commercial | $178,610 |
| 05/23/2012 | Commercial | $95,766 |
| 04/19/2012 | Commercial | $150,000 |
| 03/02/2012 | Seller Carryback / Seller Financing / Seller take-back | $774,250 |
| 08/08/2007 | Commercial | $612,500 |
| 12/12/2003 | Credit Line (Revolving) / HELOC | $725,000 |
| 07/18/2002 | Commercial | $502,000 |
Source: Public records via Constellation Data Labs
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There are currently 609 properties available in Boulder, with 59 under contract to close soon. Properties in the city have an average sale price of $1,345,081 and typically spend 72 days on the market before being sold.
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Source: ez Home Search, MLS Data
Frequently Asked Questions
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How do I get more information about 1139 12th St?
Click Ask a Question to talk with our team. You already know it is a N/A bed, N/A bath, listed for $3,310,000. We can talk through recent upgrades, potential seller motivation, how this duplex compares to others in Boulder, and can even get you in to see the property quickly.
How much is the monthly mortgage payment for 1139 12th St?
With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 1139 12th St at around $20,033. This includes estimated property taxes and insurance.
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How do I get pre-approved to buy 1139 12th St?
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Can I negotiate the asking price for 1139 12th St?
In most cases, yes. Whether 1139 12th St is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Boulder's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.
How do I make an offer on 1139 12th St?
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You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.
What is the price per square foot for this home?
This home is listed at $3,310,000 with 3,898 sqft of space—that comes out to approximately $849 per square foot.
How long has this property been on the market?
1139 12th St was listed on August 27, 2026, which means it's been on the market for 78 days.
Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.
When was this house built?
This home was built in 1899, making it approximately 127 years old.
What is the lot size of this property?
1139 12th St sits on a 0.14-acre lot, which is 6,098 square feet.
What schools are assigned to this property?
Based on MLS info, this home is zoned for:
- Elementary: Boulder Community School/Integrated Studies
- Middle: Other
- High: Boulder
Want to see how these schools compare? Check out our Boulder County School Guide to see ratings, reviews, and more for the schools in the area.
What are the property taxes for 1139 12th St?
The most recent public record shows annual property taxes for 1139 12th St were approximately $14,354. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.
Is 1139 12th St still available for sale?
This home is pending sale, which means the seller has accepted an offer. You can favorite it to track status or ask our expert to help you find similar homes in this area. We'll also let you know if this property comes back on the market.
Source: ez Home Search, MLS Data
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Listing information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. Copyright 2026, REcolorado. All rights reserved.
Last Updated: November 13, 2026 at 03:24PM | Source: REcolorado | MLS#: IR1067389
