2535 Spruce Street, Boulder, CO 80302
Local realty services provided by:CENTURY 21 Bear Facts Realty
2535 Spruce Street,Boulder, CO 80302
$3,200,000
- 12 Beds
- 8 Baths
- 4,280 sq. ft.
- Multi-family
- Active
Listed by: shelby foster, the roberts team
Office: era new age
MLS#:4892009
Source:ML
Price summary
- Price:$3,200,000
- Price per sq. ft.:$747.66
About this home
Exceptional investment opportunity in one of Boulder’s most sought-after locations. Situated just minutes from Downtown Boulder, this well-maintained fourplex offers a rare combination of strong in-place income, long-term appreciation potential, and value-add upside in a market where multifamily inventory is exceedingly limited.
The property consists of four spacious 3-bedroom, 1.5-bathroom units with highly functional floor plans that continue to attract quality tenants year after year. Each unit features generous living space, private entrances, and layouts designed for long-term rental appeal. Off-street parking, on-site laundry, and mature landscaping further enhance tenant satisfaction and retention.
Located in the heart of Boulder, residents enjoy convenient access to Pearl Street, the University of Colorado, Google's Boulder campus, 29th Street, extensive bike paths, public transit, and countless outdoor recreation opportunities. The property's central location supports consistent rental demand and minimizes vacancy risk.
Current rents provide immediate income with additional upside potential through future renovations, operational efficiencies, or market rent adjustments. Whether you're looking to expand an existing portfolio, complete a 1031 exchange, or secure a premier asset in one of Colorado's strongest rental markets, this is an opportunity to acquire a high-demand multifamily property with both stability and growth potential.
Investment Highlights:
• Four 3-bedroom, 1.5-bathroom units
• Prime central Boulder location
• Strong and consistent rental demand
• Value-add and rental growth potential
• Off-street parking and on-site laundry
• Proximity to CU Boulder, Google, Pearl Street, and major employment centers
• Excellent walkability, bikeability, and transit access
• Rare multifamily asset in a supply-constrained market...
Contact an agent
Home facts
- Year built:1989
- Subdivision & Development:Pine Street
- Listing ID #:4892009
Rooms and interior
- Bedrooms:12
- Total bathrooms:8
- Living area:4,280 sq. ft.
Heating and cooling
- Cooling:Air Conditioning-Room, Central Air
- Heating:Forced Air
- Central air:Yes
Structure and exterior
- Roof:Composition
- Year built:1989
- Building area:4,280 sq. ft.
- Lot area:0.17 Acres
- Construction Materials:Frame
- Levels:2 Story
Schools
- High school:Boulder
- Middle school:Casey
- Elementary school:Whittier Int'l
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$3,200,000
- Price per sq. ft.:$747.66
- Tax amount:$13,293 (2024)
Features and amenities
- Laundry features:In Unit
Parking
- Total parking spaces:5
New listings near 2535 Spruce Street
- Coming SoonOpen Sat, 12 to 2pm
$3,699,998Coming Soon4 beds 4 baths3,777 sq. ft.1221 Red Ash Ln, Boulder, CO 80303
MLS# 1068314Listed by: Compass - Boulder - Coming Soon
$750,000Coming Soon3 beds 2 baths1,372 sq. ft.3695 Martin Dr, Boulder, CO 80305
MLS# 1068308Listed by: Compass - Boulder - Coming Soon
$1,175,000Coming Soon4 beds 3 baths1,834 sq. ft.1425 Judson Dr, Boulder, CO 80305
MLS# 1068262Listed by: Madison & Company Properties - Boulder - Coming Soon
$7,350,000Coming Soon8 beds 11 baths12,339 sq. ft.8925 Mountain View Ln, Boulder, CO 80303
MLS# 1068179Listed by: Compass - Boulder - Coming Soon
$8,800,000Coming Soon3 beds 4 baths4,907 sq. ft.2285 Knollwood Dr, Boulder, CO 80302
MLS# 1067982Listed by: Compass - Boulder - Coming SoonOpen Sat, 10am to 12pm
$1,599,000Coming Soon3 beds 3 baths2,220 sq. ft.1969 Joslyn Ct, Boulder, CO 80304
MLS# 1067859Listed by: Compass - Boulder - Open Fri, 5 to 7pmNew
$819,000Active3 beds 2 baths1,704 sq. ft.3776 Telluride Ln, Boulder, CO 80305
MLS# 1068331Listed by: RE/MAX of Boulder, Inc - New
$89,000Active2 beds 1 baths992 sq. ft.5505 Valmont Rd #27, Boulder, CO 80301
MLS# 7014Listed by: Mary Rose Gutierrez - New
$7,995,000Active4 beds 6 baths5,622 sq. ft.3645 Cholla Ct, Boulder, CO 80304
MLS# 1068317Listed by: Compass - Boulder - New
$2,800,000Active3 beds 3 baths4,438 sq. ft.543 Linden Park Dr, Boulder, CO 80304
MLS# 1068318Listed by: Compass - Boulder