2535 Spruce Street
Boulder, CO, 80302 $ 3,200,000
Bedrooms12 Baths8.0 Sq 4,280 Monthly Estimate*
$ 19,964
for $3,200,000 with 12 bedrooms and 8 full baths. This 4,280 square foot home was built in 1989 on a lot size of 0.17.
Discover a rare multi-family opportunity in the heart of Boulder! This well-maintained fourplex offers four spacious 3-bedroom, 1.5-bathroom units, each thoughtfully designed for comfortable living. With generous floorplans, private entrances, and functional layouts, each unit is ideal for long-term tenants or potential owner-occupancy. Perfectly situated just minutes from Pearl Street, Google’s Boulder campus, 29th Street Mall, and the city’s best dining, shopping, and outdoor recreation, this property boasts a location that will attract strong rental demand year-round. Tenants enjoy easy access to bike paths, public transportation, and top-rated Boulder Valley schools. Current rental income provides immediate cash flow, with significant upside potential through updates or market adjustments. Off-street parking and on-site laundry add convenience for residents, while mature landscaping enhances curb appeal. Whether you’re looking to expand your portfolio, complete a 1031 exchange, or invest in Boulder’s thriving rental market, 2535 Spruce St is a prime opportunity not to be missed. Highlights: Four spacious units, each with 3 bedrooms & 1.5 bathrooms Highly desirable central Boulder location Close to Pearl Street, Google, parks, and bike paths Consistent rental history with upside potential Off-street parking & on-site laundry Excellent walkability & transit access
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FeaturesGeneralSewer Public Sewer
Heating Forced Air
Cooling Air Conditioning-Room Central Air
Roof Composition
Garage Spaces 0
Construction Materials Frame
Exclusions tenants personal property
Year Built 1989
Tenant Pays Electricity Gas Internet
Levels Two
Property Subtype Quadruplex
Tax Year 2024
Ownership Corporation/Trust
Gross Income 150779.04
County Boulder
Operating Expense 22047.24
Property Type Residential Income
HOA N
Attached Garage N
Subdivision Name Pine Street
Status Active
High School Boulder
City Boulder
Senior Community Y/N N
High School District Boulder Valley RE 2
Lot Size Units Square Feet
Lot Size Square Feet 7240
Carport Spaces 0
Listing Terms 1031 Exchange Cash Conventional Jumbo
Elementary School Whittier Int'l
Tax Annual Amount 13293
Middle/Junior High School Casey
Structure Type Quadruplex
Standard Status Active
Occupancy Type Tenant
Middle/Junior School District Boulder Valley RE 2
Elementary School District Boulder Valley RE 2
Cap Rate 4.1
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ExteriorWater Source Public
Total Parking 5
Lot Size Area 7240
Building Area Total 4280
Lot Size Acres 0.17
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InteriorBasement (Y/N) N
Above Grade Finished Area 4280
Laundry Features In Unit
Total Bedrooms 12
Total Baths 8
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $19,964
- Monthly Property Taxes
- $1,108
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Boulder, CO
Average List Price $2,229,214
Percent of Sale Price 30%
About Boulder, CO 102,151 Population
6% Since 2002
$ 65,436 Median Income
31.88 Median Age
18% Households with Children
Trends Information provided by ATTOM Data Solutions.
3043878 Elementary School
1955678 Middle School
Boulder High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/22/2025 | $3,200,000 | | Listed Price |