Boulder Court

JLL is pleased to present Boulder Court Apartments, a 115-home multifamily community situated in Eagan, Minnesota, one of the Twin Cities’ most established and highest-income suburbs. This garden-style asset was built in 1969 across five residential buildings on 5.49 acres, and offers efficient one- and two-bedroom floor plans, an outdoor pool and sundeck, on-site fitness center, and both surface and private garage parking.

Boulder Court is ideally positioned within one of the Twin Cities’ deepest and most diversified employment corridors. Eagan is home to a dense concentration of major employers — Thomson Reuters, Blue Cross and Blue Shield of Minnesota, Prime Therapeutics, and the Minnesota Vikings’ Viking Lakes headquarters campus all maintain a significant presence within minutes of the property. The location is further strengthened by its proximity to Twin Cities Premium Outlets, the only outlet mall in the metro, and a short drive to Mall of America, the largest shopping and entertainment complex in North America. In addition to this rich employment and retail base, the surrounding submarket boasts strong demand fundamentals: a renter-majority immediate trade area, median household incomes well above the national average, and a daytime population that swells to nearly 200,000 workers within five miles, confirming Eagan’s role as a true regional employment hub.

Boulder Court’s active, in-place value-add program offers investors a clear and validated path to outsized growth. Ownership has already renovated 45% of homes, achieving meaningful rent premiums that support a defined program for the remaining units. Supported by a constrained regional supply pipeline and flexible financing via an in-place assumable loan at a below-market fixed rate, investors are presented with a rare combination of current cash flow, embedded upside, and downside protection in one of the Twin Cities’ most resilient submarkets.