2535 Spruce Street, Boulder, CO 80302
Local realty services provided by:Better Homes and Gardens Real Estate Kenney & Company
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
- 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
- Open Sun, 11am to 1pmNew
$550,000Active3 beds 2 baths1,533 sq. ft.2962 Kalmia Avenue #32, Boulder, CO 80301
MLS# 7154458Listed by: COMPASS - DENVER - New
$2,399,000Active4 beds 4 baths3,226 sq. ft.1550 Bluebell Avenue, Boulder, CO 80302
MLS# 8952427Listed by: THE OLD COUNTRY REAL ESTATE GROUP LLC - Open Sun, 1 to 3pmNew
$1,349,000Active4 beds 2 baths2,384 sq. ft.7060 Baseline Road, Boulder, CO 80303
MLS# IR1064916Listed by: RE/MAX OF BOULDER, INC - New
$995,000Active5 beds 3 baths3,271 sq. ft.4872 Earle Circle, Boulder, CO 80301
MLS# IR1064926Listed by: MILEHIMODERN - BOULDER - New
$1,199,000Active4 beds 4 baths3,048 sq. ft.9032 Tahoe Lane, Boulder, CO 80301
MLS# IR1064927Listed by: COLDWELL BANKER REALTY-BOULDER - New
$1,489,000Active3 beds 4 baths1,881 sq. ft.1898 Folsom Street, Boulder, CO 80302
MLS# IR1064930Listed by: COLDWELL BANKER REALTY-BOULDER - Coming Soon
$1,600,000Coming Soon5 beds 4 baths114 Balsam Lane, Boulder, CO 80304
MLS# IR1064931Listed by: THE AGENCY - BOULDER - New
$2,490,000Active4 beds 4 baths5,005 sq. ft.4061 Spy Glass Lane, Boulder, CO 80301
MLS# IR1064932Listed by: COLDWELL BANKER REALTY-BOULDER - New
$3,295,000Active4 beds 3 baths2,463 sq. ft.1013 Mapleton Avenue, Boulder, CO 80304
MLS# IR1064934Listed by: RE/MAX OF BOULDER, INC - Coming Soon
$469,000Coming Soon2 beds 2 baths30 S Boulder Circle #3038, Boulder, CO 80303
MLS# IR1064938Listed by: LIVING STONE HOMES AND ESTATES LLC