724 Mead Street, Louisville, CO 80027
Local realty services provided by:Better Homes and Gardens Real Estate Kenney & Company
Listed by: marie jacobs
Office: liv sotheby's intl realty
MLS#:IR1063078
Source:ML
Price summary
- Price:$900,000
- Price per sq. ft.:$509.92
About this home
Old Town Louisville's Rare Income-Producing Opportunity
Invest in one of Louisville's most sought-after neighborhoods with this exceptional duplex offering immediate rental income, long-term appreciation, and outstanding flexibility. Whether you're expanding your investment portfolio or looking to live in one unit while generating income from the other, this property delivers a rare opportunity in the heart of Old Town.
Each residence features 2 bedrooms, 1 bathroom, private laundry, and its own fully fenced backyard, providing the privacy and amenities today's tenants value. The property has been meticulously maintained with numerous capital improvements, including a new roof and ridge vents (2018), two new furnaces (2020), central air conditioning in Unit #724, updated water heaters (2021), and recent renovations to Unit #724 featuring new flooring, carpet, paint, and an updated bathroom.
Situated on an exceptionally deep 175-foot lot, the property offers future potential to add a detached two-car garage, increase parking, or explore additional possibilities (subject to city approval). With a cap rate just under 5%, a strong rental history, and virtually no vacancy, this is a proven income-producing asset in one of Boulder County's most desirable communities.
Location is everything, and this property truly delivers. Just two blocks from Community Park, you'll enjoy summer concerts, Movies in the Park, walking trails, a pond, and a popular dog park. Historic Downtown Louisville is only a short stroll away, offering award-winning restaurants, boutique shopping, coffee shops, seasonal events, and one of Colorado's most beloved farmers markets.
Unit #726 is currently leased through December 2026, providing immediate rental income, with the tenant open to discussing a lease buyout or renewal. Whether you're seeking a turnkey investment, a house-hacking opportunity, or a property with future upside, this Old Town Louisville duplex offers the location, stability, and versatility that rarely come to market....
Contact an agent
Home facts
- Year built:1985
- Subdivision & Development:Kimberly
- Listing ID #:IR1063078
Rooms and interior
- Kitchen Description:Dishwasher, Oven, Refrigerator
- Basement:Yes
- Living area:1,765 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Forced Air
- Central air:Yes
Structure and exterior
- Roof:Composition
- Year built:1985
- Building area:1,765 sq. ft.
- Lot area:0.15 Acres
- Construction Materials:Frame
- Levels:2 Story
Schools
- High school:Monarch
- Middle school:Louisville
- Elementary school:Louisville
Utilities
- Water:Public
Finances and disclosures
- Price:$900,000
- Price per sq. ft.:$509.92
- Tax amount:$4,486 (2025)
Parking
- Total parking spaces:6
New listings near 724 Mead Street
- New
$765,000Active3 beds 3 baths1,800 sq. ft.2285 Cliffrose Lane, Louisville, CO 80027
MLS# 8432166Listed by: PRECISION HOMES REAL ESTATE - New
$460,000Active3 beds 3 baths1,568 sq. ft.150 Pheasant Run, Louisville, CO 80027
MLS# IR1066324Listed by: LIV SOTHEBY'S INTL REALTY - Open Sun, 11am to 1pmNew
$2,250,000Active6 beds 5 baths5,109 sq. ft.137 S Warbler Court, Louisville, CO 80027
MLS# IR1066141Listed by: MILEHIMODERN - BOULDER - New
$450,000Active2 beds 2 baths1,232 sq. ft.1053 W Century Drive #101, Louisville, CO 80027
MLS# IR1066081Listed by: EQUITY COLORADO-FRONT RANGE - New
$514,900Active2 beds 2 baths1,121 sq. ft.1316 Snowberry Lane #201, Louisville, CO 80027
MLS# IR1066024Listed by: RE/MAX OF BOULDER, INC - New
$570,000Active3 beds 3 baths2,126 sq. ft.517 Ridgeview Drive, Louisville, CO 80027
MLS# IR1066031Listed by: WK REAL ESTATE - New
$460,000Active2 beds 2 baths1,550 sq. ft.535 Ridgeview Drive, Louisville, CO 80027
MLS# IR1066043Listed by: RE/MAX OF BOULDER, INC - New
$725,000Active3 beds 2 baths2,236 sq. ft.701 Lois Drive, Louisville, CO 80027
MLS# IR1066012Listed by: RE/MAX ELEVATE - New
$395,000Active2 beds 2 baths1,005 sq. ft.780 Copper Lane #207, Louisville, CO 80027
MLS# IR1065999Listed by: KELLER WILLIAMS-ADVANTAGE RLTY - Open Sun, 12 to 2pmNew
$1,484,000Active4 beds 3 baths2,086 sq. ft.202 Short Place, Louisville, CO 80027
MLS# IR1065888Listed by: WK REAL ESTATE