Property
ActiveResidential
1/38
$3,200,000

2535 Spruce Street

Boulder, CO 80302
12
Beds
8
Baths
4,280
SqFt
0.17
Acres
RECOLORADO
#4892009
Updated: Jun 8, 2026, 10:00pm

Property Description

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

Property Details

Interior
Above Grade Finished Area
4280
Building Area Total
4280
Cooling
Air Conditioning-RoomCentral Air
Heating
Forced Air
Laundry Features
In Unit
Living Area
4280
Construction
Also Marketed As
Residential Income
Building Area Source
Public Records
Construction Materials
Frame
Levels
Two
Roof
Composition
Structure Type
Quadruplex
Year Built
1989
Site & Exterior
Lot Size Acres
0.17
Lot Size Area
7240
Lot Size Square Feet
7240
Lot Size Units
Square Feet
Offstreet Spaces
5
Parking Total
5
Sewer
Public Sewer
Utility Billing To Tenants
Direct Billing from Utility
Water Source
Public
Financials
Contract Earnest Check To
First American Title
Contract Min Earnest
32000.00
Exclusions
tenants personal property
Lease Expiration
2027-07-31
Lease Term
12 Months
Owner Pays
Grounds CareTrash CollectionWater
Ownership
Corporation/Trust
Parcel Number
R0003308
Special Listing Conditions
None
Tax Annual Amount
13293
Tax Legal Description
LOT 14 BLK 5 PINE STREET
Tax Year
2024

Neighborhood & Lifestyle

Community & Association
Senior Community
No
Subdivision Name
Pine Street
Schools
Ratings
Elementary
Whittier Int'l
Middle
Casey
High
Boulder
Elem. District
Boulder Valley RE 2
Middle District
Boulder Valley RE 2
High District
Boulder Valley RE 2
Listing provided courtesy of RECOLORADO via IDX. Updated: Jun 8, 2026, 10:00pm.
Shelby Foster

Listing Agent

ERA New Age

Call Agent