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Miranda Cantin

nocohomes.miranda@gmail.com +1(970) 405-3498

$ 2,175,000

Est. payment | -/mo

3,800 SqFt

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$ 2,175,000

Est. payment | -/mo

Save Virtual Tour

3,800 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 3,800 sqft

Subdivision Boulder O T East & West & North

MLS Listing ID IRE1049294

HOA Y/N No

Year Built 1934

Annual Tax Amount $12,436

Tax Year 2024

Lot Size 7,405 Sqft

Acres 0.17

Property Sub-Type Multi Family

Source ires

Property Description

Exceptional opportunity to acquire a well-located 5-plex in the heart of Boulder offering substantial upside to market rents and the ability to reduce operating expenses, with the benefit of leases in place through July 2026 providing near-term income stability. Opportunities with this combination of location, unit mix, and flexibility are increasingly rare in Boulder's supply-constrained market.The property consists of a detached single-family residence in the front and a four-unit building in the rear, creating privacy, operational flexibility, and strong tenant appeal. The unit mix is ideally suited to Boulder's rental demand, comprising one one-bedroom unit, and four two-bedroom units. Several units have been recently remodeled, positioning the property for future rent growth while limiting immediate capital expenditures.With five off-street parking spaces and a central location near downtown Boulder, the University of Colorado, dining, and trail systems, the property benefits from consistently strong rental demand. Current leases run through July 2026, offering predictable cash flow while creating a clear runway for a buyer to implement a thoughtful rent and expense optimization strategy at rollover.This offering represents a rare chance to secure a scalable Boulder multifamily asset with in-place income, long-term appreciation potential, and compelling value-add upside.

Location

State CO

County Boulder

Community Boulder O T East & West & North

Area Boulder

Zoning RMX-1

Rooms

Basement None

Interior

Heating Baseboard

Appliance No Units Furnished, Electric Range, Dishwasher, Refrigerator, Microwave

Exterior

Exterior Feature Balcony

Utilities Available Natural Gas Available, Electricity Available

View Y/N No

Roof Type Composition

Improvements No

Porch Patio, Deck

Garage No

Building

Lot Description Corner Lot, City Limits, Paved, Curbs, Gutters, Sidewalks, Street Light, Alley

Sewer Public Sewer

Water City

Level or Stories Two

Structure Type Frame,Brick

New Construction false

Schools

Elementary Schools Whittier

Middle Schools Casey

High Schools Boulder Valley Dist Re2

School District Boulder Valley Dist Re2

Others

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Private Owner

Virtual Tour https://www.listingsmagic.com/sps/tour-slider/index.php?property_ID=279140

Information and Real Estate Services (IRES)

Listed by Joe Gibbs

Schools and Properties Nearby

1938 Spruce Boulder, CO 80302