1938 Spruce St, Boulder, CO 80302
Local realty services provided by:CENTURY 21 CapRock Real Estate
1938 Spruce St,Boulder, CO 80302
$1,875,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Sold
Listed by: joe gibbs, coloradohomesource
Office: re/max alliance-boulder3034423180
MLS#:1049294
Source:IRES
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Price summary
- Price:$1,875,000
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 from consistently strong rental demand. Current leases run through July 2026, offering predictable cash flow while creating a clear runway for a buyer to implement a thoughtful rent and expense optimization strategy at rollover.This offering represents a rare chance to secure a scalable Boulder multifamily asset with in-place income, long-term appreciation potential, and compelling value-add upside....
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Home facts
- Year built:1934
- Listing ID #:1049294
- Added:150 day(s) ago
- Updated:June 09, 2026 at 06:30 AM
Rooms and interior
- Kitchen Description:Dishwasher, Electric Range, Microwave, Refrigerator
Heating and cooling
- Heating:Baseboard
Structure and exterior
- Roof:Composition
- Year built:1934
- 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:$1,875,000
- Tax amount:$12,436
Features and amenities
- Appliances:Dishwasher, Electric Range, Microwave, Refrigerator
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