650-654 Inca Parkway, Boulder, CO 80303
Local realty services provided by:Better Homes and Gardens Real Estate Kenney & Company
650-654 Inca Parkway,Boulder, CO 80303
$2,537,000
- - Beds
- - Baths
- 5,589 sq. ft.
- Multi-family
- Active
Listed by: antonio martinez
Office: stellar properties, llc.
MLS#:IR1057694
Source:ML
Price summary
- Price:$2,537,000
- Price per sq. ft.:$453.93
About this home
Well-maintained and high-performing triplex in a Williams Village neighborhood, offering a rare combination of high in-place income, long-term tenant stability, and future upside. Each of the three units features 5 bedrooms and 2 bathrooms, resulting in an income profile that outperforms that of typical small multifamily properties. The property has achieved 100% occupancy during ownership, with a consistent history of tenant retention and steady rent growth. Current leases are in place through August 2027, providing immediate income stability for a new owner. The tenant base has historically included academically focused renters, contributing to lower turnover and reliable performance. Extensive capital improvements have been completed over time, including roof replacement, updated windows, remodeled kitchens and bathrooms, furnace upgrades, sump pumps, and appliance replacement. The result is a well-cared-for asset with minimal deferred maintenance. Located in an established residential setting with convenient access to transit along Baseline Road, bike routes, and nearby amenities, including parks, recreation, and neighborhood shopping. The property is also within close proximity to the University of Colorado, supporting consistent rental demand. Additional upside potential exists through interior updates to one unit and continued rent optimization over time. RM-2 zoning allows for flexibility in future use (subject to City of Boulder approval), adding long-term optionality. A compelling opportunity for investors seeking stable income, strong rental fundamentals, and a well-maintained asset in one of Boulder's most desirable rental markets. Financials: Cap Rate - 5.5; GRM - 14.14; NOI - $139,582; Vacancy Rate - 0....
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Home facts
- Year built:1962
- Subdivision & Development:Frasier Meadows
- Listing ID #:IR1057694
Rooms and interior
- Flooring:Wood
- Kitchen Description:Dishwasher, Oven, Refrigerator
- Basement:Yes
- Basement Description:Full
- Living area:5,589 sq. ft.
Heating and cooling
- Heating:Forced Air
Structure and exterior
- Roof:Composition
- Year built:1962
- Building area:5,589 sq. ft.
- Lot area:0.28 Acres
- Architectural Style:Contemporary
- Construction Materials:Brick
- Levels:1 Story
Schools
- High school:Fairview
- Middle school:Manhattan
- Elementary school:Eisenhower
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$2,537,000
- Price per sq. ft.:$453.93
- Tax amount:$10,098 (2025)
Features and amenities
- Laundry features:Dryer, Washer
- Amenities:Window Coverings
Parking
- Total parking spaces:3
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