$1,815,675
●
House -
Off Market
531 Arapahoe Ave
Boulder, CO 80302
4 Beds
2 Baths
2,583 Ft²
$10,370
Est. Monthly
1.25%
Cap Rate
About This Property
GREAT NEW PRICE! $100K PRICE DROP IS $50K BELOW A RECENT APPRAISAL.
This charming, artist-influenced cottage is perfectly nestled in a
prime location along Boulder Creek, with seamless indoor-outdoor
connectivity from the sitting room, primary suite and the guest
suite/studio. Relax in the beautiful, peaceful, & lush backyard
gardens, with custom flagstone, hot tub, & mature landscaping, plus
a multi-level rear deck that stair-steps down to Boulder Creek.
Explore beautiful Boulder, with close proximity to downtown &
trails galore, including the Boulder Creek Bike path! Character and
history intertwine in the spacious home dating back to the early
1900's, and presents incredible potential for a personalized vision
or to enjoy as-is. Blueprints are available for additional
improvements to truly maximize the potential of the home and lot.
The guest suite offers rental income potential with its own private
entrance, living area, kitchenette, loft bedroom, bathroom and
direct backyard access. Might just be ideal for an AIRBNB!?
Unit Size
2,583 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$734
Property Type
House
Property Taxes
$1,065
HOA Dues
-
Year Built
1900
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 2 years ago (IRES MLS #1027999)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 12, 2025 | Sold | ||
| Sold | |||
| Jun 19, 2025 | Price Decreased |
$1,895,000
↓ $100K
(5%) | |
| Price Decreased | |||
| Mar 7, 2025 | Listed | $1,995,000 | |
| Listed | |||
| Jan 13, 2025 | Listed | $2,195,000 | |
| Listed | |||
| | |||
|
Character and history intertwine in this charming, artist-influenced cottage tucked in the heart of Boulder. Perfectly nestled along Boulder Creek, this spacious home dating back to the 1900s presents incredible potential for a personalized vision or to enjoy as-is. A unique and versatile layout is highlighted by multiple living spaces and a bright kitchen featuring stainless steel appliances. Seamless indoor-outdoor connectivity is inspired by a beautiful, lushly landscaped yard with custom flagstone. Flaunting vaulted ceilings and exposed wooden beams, the primary suite and dining room open effortlessly to an expansive, multi-level rear deck and patio with a hot tub - the perfect setting to indulge in outdoor relaxation. A guest suite offers rental income potential with its own private entrance, living area, kitchenette, loft bedroom, bathroom and direct backyard access. Residents revel in a prime location with close proximity to downtown, nature trails and the Boulder Creek Path.
| |||
| Sep 26, 2024 | Listed | $2,195,000 | |
| Listed | |||
| | |||
|
This quirky & charming, artist influenced cottage, dates back to 1900 & is located on a very special lot in a very special location. With 4 bedrooms & 4 baths, the home includes a guest suite, with its own separate entrance, living area, kitchenette, loft bedroom with bathroom, & direct access to the back yard. Might just be ideal for an AIRBNB!? Step out from the primary suite, dining room, or guest suite onto the spectacular deck and patio with hot tub. Relax in the beautiful, lush, landscaped yard, & multi-level rear deck that stair-steps down to Boulder Creek. Explore beautiful Boulder, with close proximity to downtown (an easy 10 minute walk), & trails galore, including the Boulder Creek Bike path! Live in this spacious home as-is or bring your vision for renovation.
| |||
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Property Highlights
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Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Central Boulder
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Listed by: Philip Booth,
Last Updated: 2 years ago
Data Source: IRES MLS, MLS# 1027999
Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. Compensation information displayed on listing details is only applicable to other participants and subscribers of the source MLS.
Last Updated: 2 years ago
Data Source: IRES MLS, MLS# 1027999
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