2535 Spruce, Boulder, CO 80302
Local realty services provided by:Better Homes and Gardens Real Estate Kenney & Company
2535 Spruce,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
Structure and exterior
- Roof:Composition
- Year built:1989
- Building area:4,280 sq. ft.
- 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
Features and amenities
- Laundry features:In Unit
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