A unique and highly individual collection of buildings in the University Hill neighborhood of Boulder is now on the market with a big asking price of $23 million.
Referenced as the “Block Portfolio,” the properties include three separate houses in the 1000 block of 14th Street, all catering to a tenant base largely composed of students from the nearby Boulder campus of the University of Colorado.
The oldest structure at the site, at 1019 14th Street, is a just over 8,300-square-foot three-story house that was built in 1946 and has long served as the home to the Alpha Sigma Phi fraternity. The house sits on a less than half-acre site and is designated as a Class C building.
The second structure, at 1027 14th Street, is a two-story residence with a front wrap-around porch that was built in the 1920s and measures not quite 3,000 square feet. The property also features a separate carriage house to the rear of the main structure.
The largest structure in the portfolio is officially called The Block, a modern designed three-story apartment complex designated as a Class B structure built in 2018.
Listed by the firm Pinnacle Realty Advisors, which has offices in Denver, the three properties comprising the Block Portfolio house a total 63 residential units.
The listing notes that the Block Portfolio’s properties are constantly occupied, reflecting a vibrant market in a city of more than 37,100 University of Colorado Boulder students.
By Garry Boulard