Multi-Unit Investment Property Downtown Boulder
$1,735,000
1034 Spruce Street, Boulder, CO 80302
For Sale
Multifamily
Active
Last Updated: 03/29/2026
5.49
Cap Rate
95,198
NOI
Details:
Cap Rate: 5.49%
NOI: $95,198
Building Size: 3,464 sqft
Lot Area: 6,194 sqft
Occupancy: 100%
Units: 5
Zoning: RMX-1
Highlights:
- 5 Units: 2 - Dwelling Units, 2 - Two Bed Units, 1 - 3 Bed Unit
- Base Rents $135,660 (2026-2027 School Year)
- 10 onsite parking spaces ($450/month included above)
- 1 Block from the Pearl Street Mall
- Value-add opportunity with the best location, seriously.
Description:
Spruce up your multi-family portfolio with this outstanding 5-unit investment opportunity, ideally situated in the heart of Downtown Boulder, CO. Located just a block from the bustling Pearl Street Mall, 1034 Spruce Street is perfectly positioned to capitalize on its prime downtown location. Already fully pre-leased for the '26-’27 school year, this property is ripe for upgrades and promises significant growth potential.
Documents:
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1034_Spruce_Boulder_Mar26.pdf
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Location
Gallery
