50
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1284 Elder Ave
About This Property
Designed to maximize light and livability, the main level features vaulted ceilings, hardwood flooring, and an open layout connecting the kitchen, dining, and living spaces. Large windows frame the surrounding greenery, creating a natural connection to the outdoors. The kitchen features SS appliances, granite countertops, a farmhouse sink, a built-in bar area, and generous storage. A gas fireplace anchors the living space, while a powder room and spacious laundry room complete the main level. Sliding doors open to a newly redone deck, extending the living space outdoors.
Upstairs, the primary suite offers vaulted ceilings and abundant natural light. The en-suite bath includes a soaking tub, walk-in shower, dual vanities, and a private WC, complemented by a custom walk-in closet with a center island. A mini-split system enhances comfort in the primary suite, in addition to central air conditioning. An additional bedroom and full bathroom complete the upper level.
The finished lower level includes a spacious family room with built-ins, a full bathroom, and two additional bedrooms.
The outdoor setting defines the property-an inviting, private oasis within the city, with multiple areas for gathering and relaxation. A new deck, covered pergola, and a separate firepit area are set within a beautifully landscaped, usable yard with mature trees, a water feature, irrigated garden beds ideal for herbs, vegetables, or seasonal blooms, along with a chicken coop and shed.
Recent improvements include a newer roof and the fully redone deck.
Located minutes from Ideal Market, neighborhood shops, and dining, this home offers a rare combination of privacy, outdoor living, and walkability in one of Boulder's most sought-after locations.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017