Check Availability
$3,200,000
● Multifamily - For Sale

2535 Spruce St

Boulder, CO 80302
bedrooms
12 Beds
bathrooms
8 Baths
square feet
4,280 Ft²
$16,821
Est. Monthly

About This Property

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
Unit Size
4,280 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$748
Property Type
Multifamily
Property Taxes
$1,108
HOA Dues
-
Year Built
1989

Listed By

Shelby Foster
ERA New Age

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Last updated: 5 months ago (REcolorado MLS #IRE4892009)

Price History

Date / Event Date Event Price
Jun 8, 2026 Listed $3,200,000
Listed
May 3, 2022 Sold
Sold
Sep 3, 2015 Sold
Sold

Property Highlights

Parking Available
Air Conditioning
Parking Details
Has Garage
Parking Features: Off Street
Garage Spaces: 5
Interior Details
Full Bathrooms: 8
Exterior Details
Square Footage: 4280
Square Footage Source: $0
Year Built: 1989
Building Area Total: 4280
Levels: Two
Construction Materials: Frame
Lot Size Area: 7405.2
Lot Size Units: Square Feet
Lot Size Acres: 0.17
Lot Size Square Feet: 7405.2
Water Source: City
Financial Details
Tax Annual Amount: $13,293
Utilities Details
Cooling Type: Central Air, Wall/Window Unit(s)
Heating Type: Forced Air
Sewer : Public Sewer

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By
20210927
09/27/2021
Studio
-
-
$2,900,000
bedrooms
Studio
bathrooms
-
$2,800,000 -3.45%
05/03/2022
Todd Walsh
Market Real Estate

Building Info

2535 Spruce 2535 Spruce, Boulder, CO 80302
  • 1 Unit for Sale
More about this Building
2535 Spruce
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