Search Description Details Neighborhood
Main
Photo 1
Photo 2
Photo 3
Photo 4
Photo 5
Photo 6
U Residential

938 Kelly Place

Longmont, CO 80501

RECOLORADO #IR1058785 Updated: Jun 15, 2026, 5:00pm
$530,000
0 Beds • 0 Baths • 2,080 SqFt
Property
UResidential
1/18
$530,000

938 Kelly Place

Longmont, CO 80501
0
Beds
0
Baths
2,080
SqFt
0.22
Acres
RECOLORADO
#IR1058785
Updated: Jun 15, 2026, 5:00pm

Property Description

Some investment listings make you do the math. This one makes the math obvious. Two units, two garages, two private backyards (with sprinklers!), and 21 years of rental history with a combined 11 weeks of vacancy - read that again. Projected rents land between $3,600 and $3,700 a month combined, putting this at a 6.7% cap rate at list. For investors, that's already worth a call. For house-hackers, it's better: live in one side, let the other side's $1,850 cover most of your mortgage, and build equity on someone else's rent check. Both tenants vacate by August 1 - the new owner walks into a clean slate to re-lease at market, move in, or both. The 938 side has newer floors, windows, a Nest thermostat, AC, and a new water heater. The 940 side has new can lights, switches, and a 2020 water heater. A rare find with versatility, value, and strong upside in a desirable location!
Launch 3D Virtual Tour
Opens in a new window
Included Appliances
DishwasherDisposalOven

Property Details

Interior
Appliances
DishwasherDisposalOven
Basement
None
Building Area Total
2080
Cooling
Ceiling Fan(s)Central Air
H V A C Description
Central Air,Ceiling Fan
Heating
Forced Air
Interior Features
Eat-in KitchenNo Stairs
Laundry Features
In Unit
Security Features
Smoke Detector(s)
Window Features
Window Coverings
Construction
Also Marketed As
Residential
Building Area Source
Assessor
Construction Materials
Brick
Direction Faces
South
Levels
One
Number Of Units Total
2
Roof
Composition
Year Built
1977
Site & Exterior
Fencing
Partial
Lot Features
Level
Lot Size Acres
0.22
Lot Size Square Feet
9625
Parking Total
2
Patio And Porch Features
Patio
Road Frontage Type
Public
Road Surface Type
Paved
Utilities
Cable AvailableElectricity AvailableInternet Access (Wired)Natural Gas Available
Water Source
Public
Zoning
RES
Financials
Contract Earnest Check To
Land Title - Tasha Pinkerton
Contract Min Earnest
5000.00
Ownership
Individual
Parcel Number
R0073065
Purchase Contract Date
2026-06-12
Tax Annual Amount
3607
Tax Legal Description
LOT 2 BLK 3 HORIZON PARKWAY REPLAT E
Tax Year
2025

Neighborhood & Lifestyle

Community & Association
Subdivision Name
Horizon Pkwy
Schools
Ratings
Elementary
Northridge
Middle
Longs Peak
High
Longmont
Elem. District
St. Vrain Valley RE-1J
High District
St. Vrain Valley RE-1J
Listing provided courtesy of RECOLORADO via IDX. Updated: Jun 15, 2026, 5:00pm.
Katie Muller

Listing Agent

RE/MAX of Boulder, Inc

Call Agent
Call