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961 16th St #5
About This Property
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 14, 2026 | Listed | $342,000 | |
| Listed | |||
| Aug 3, 2026 | No longer available | - | |
| No longer available | |||
| Apr 26, 2026 | Price Decreased |
$350,000
↓ $5K
(1.4%) | |
| Price Decreased | |||
| Oct 23, 2025 | Listed | $355,000 | |
| Listed | |||
| |||
|
Unbeatable location just steps from the University of Colorado Boulder! This bright and efficient one-bedroom, one-bath condo offers the perfect blend of comfort, convenience, and value. Situated in a small, well-maintained building with secure entry, this 464 sq ft unit is ideal for students, investors, or anyone seeking a low-maintenance home in the heart of Boulder.The open-concept layout feels spacious and inviting, with natural light streaming through multiple windows. The kitchen offers generous cabinet space, full-size appliances, and an eat-in dining area that connects seamlessly to the living space. Durable flooring throughout makes upkeep simple and practical.In 2024, the bathroom was updated with a brand-new bathtub and surround-providing a clean, refreshed feel. The bedroom comfortably fits a full furniture set and has convenient access to the ensuite bath. A stackable washer and dryer are tucked neatly within the unit for ultimate convenience.Residents enjoy a shared outdoor patio area perfect for studying, relaxing, or grilling under Boulder's blue skies. Off-street parking behind the building is available on a first-come, first-served basis, eliminating parking hassles.With CU Boulder directly across the street, as well as easy access to shops, coffee houses, and public transportation, this condo offers an exceptional investment opportunity and a rare chance to live in one of Boulder's most sought-after locations.
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| May 1, 2001 | Listed | $169,900 | |
| Listed | |||
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NEVER BEFORE OFFERED CONDOS ONE BLOCK FROM CU (UMC). SEVEN 1 BEDROOM AND ONE 2 BEDROOM UNITS, ALL RECENTLY RE-FINISHED INSIDE AND OUT, MODEL HOME FINISHES. UNIT CURRENTLY BEING LEASED, UNIT #5 READY FOR OCCUPANCY IN MAY . CALL ED KEAN 303-589-2727 FOR CURRENT AVAILABILITY.
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
10/23/2025
|
1 Bed
|
1 Bath
|
449 ft²
|
$355,000
1 Bed
1 Bath
449 ft²
|
-
-
|
Brie Fowler
Coldwell Banker Realty-Boulder
| |
|
05/01/2025
|
1 Bed
|
1 Bath
|
449 ft²
|
$360,000
1 Bed
1 Bath
449 ft²
|
$348,610
-3.16%
06/30/2025
|
Kelly Moye
Compass - Denver
| |
|
03/13/2024
|
1 Bed
|
1 Bath
|
449 ft²
|
$315,000
1 Bed
1 Bath
449 ft²
|
$315,000
04/03/2024
|
Clove Berger
milehimodern - Boulder
| |
|
03/13/2024
|
1 Bed
|
1 Bath
|
464 ft²
|
$315,000
1 Bed
1 Bath
464 ft²
|
$315,000
04/22/2024
|
Clove Berger
milehimodern - Boulder
| |
|
02/03/2023
|
1 Bed
|
1 Bath
|
449 ft²
|
$340,900
1 Bed
1 Bath
449 ft²
|
$325,090
-4.64%
07/17/2023
|
Mary Siefert
Live West Realty
| |
|
06/25/2021
|
1 Bed
|
1 Bath
|
528 ft²
|
$319,900
1 Bed
1 Bath
528 ft²
|
$315,000
-1.53%
08/18/2021
|
Erik Park
Kearney Realty
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017