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1938 Spruce St, Boulder, CO 80302

Boulder
Local realty services provided by:CENTURY 21 Cornerstone
1938 Spruce St,Boulder, CO 80302
$2,395,000
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  • - Beds
  • - Baths
  • 3,800 sq. ft.
  • Multi-family
  • Active
Listed by: nancy kirkendall, coloradohomesource
Office: re/max alliance-nederland
MLS#:1049294
Source:IRES

Price summary

  • Price:$2,395,000
  • Price per sq. ft.:$630.26

About this home

Exceptional opportunity to acquire a well-located 5-plex in the heart of Boulder offering substantial upside to market rents and the ability to reduce operating expenses, with the benefit of leases in place through July 2026 providing near-term income stability. Opportunities with this combination of location, unit mix, and flexibility are increasingly rare in Boulder's supply-constrained market.The property consists of a detached single-family residence in the front and a four-unit building in the rear, creating privacy, operational flexibility, and strong tenant appeal. The unit mix is ideally suited to Boulder's rental demand, comprising one one-bedroom unit, and four two-bedroom units. Several units have been recently remodeled, positioning the property for future rent growth while limiting immediate capital expenditures.With five off-street parking spaces and a central location near downtown Boulder, the University of Colorado, dining, and trail systems, the property benefits

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Home facts

  • Year built:1934
  • Listing ID #:1049294
  • Added:48 day(s) ago
  • Updated:February 26, 2026 at 04:28 PM

Rooms and interior

  • Kitchen Description:Dishwasher, Electric Range, Microwave, Refrigerator
  • Living area:3,800 sq. ft.

Heating and cooling

  • Heating:Baseboard

Structure and exterior

  • Roof:Composition
  • Year built:1934
  • Building area:3,800 sq. ft.
  • Lot area:0.17 Acres
  • Lot Features:Alley, City Limits, Corner Lot, Curbs, Gutters, Paved, Sidewalks, Street Light
  • Construction Materials:Brick, Frame
  • Exterior Features:Balcony, Deck, Patio
  • Levels:2 Story

Schools

  • High school:Boulder
  • Middle school:Casey
  • Elementary school:Whittier

Utilities

  • Water:City
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$2,395,000
  • Price per sq. ft.:$630.26
  • Tax amount:$12,436

Features and amenities

  • Appliances:Dishwasher, Electric Range, Microwave, Refrigerator
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