2535 Spruce ST Boulder, CO 80302
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,280 sqft
Price per Sqft $747
Subdivision Pine Street
MLS Listing ID 4892009
Bedrooms 12
HOA Y/N No
Abv Grd Liv Area 4,280
Year Built 1989
Annual Tax Amount $13,293
Tax Year 2024
Lot Size 7,240 Sqft
Acres 0.17
Property Sub-Type Quadruplex
Source recolorado
Property Description
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
Location
State CO
County Boulder
Interior
Heating Forced Air
Cooling Air Conditioning-Room, Central Air
Fireplace N
Laundry In Unit
Exterior
Roof Type Composition
Total Parking Spaces 5
Garage No
Building
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Frame
Schools
Elementary Schools Whittier Int'L
Middle Schools Casey
High Schools Boulder
School District Boulder Valley Re 2
Others
Senior Community No
Ownership Corporation/Trust
Acceptable Financing 1031 Exchange, Cash, Conventional, Jumbo
Listing Terms 1031 Exchange, Cash, Conventional, Jumbo
Special Listing Condition None
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA