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2535 Spruce St, Boulder, CO 80302

Beds
12
Baths
8
Sqft
4,280

View property features, location on map, relevant school information and overview from seller's agent.

Listed byERA New Age
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Overview

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

Location

Full feature list

Basic info

Property type
Multi-family
Number of stories
2
Number of bedrooms
12
Number of bathrooms
8
Square feet
4,280
Lot size (acres)
0.17
Year built
1989

Interior features

Laundry
In Unit

Utilities

Heating
Forced Air
Cooling
Central Air
Sewer
Public Sewer
Water
Public Water

Taxes

Tax Annual Amount (2024)
$13,293

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: REColorado MLS®#: 4892009 Last checked:

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