938 Kelly Place Longmont, CO $ 530,000
938 Kelly Place
$ 530,000
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938 Kelly Place

Longmont, CO, 80501
$ 530,000
Baths0.0 Sq 2,080

Monthly Estimate*

$ 3,263

Listed by RE/MAX of Boulder, Inc
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Studio

Multi-Family Home for sale in Longmont, CO

for $530,000. This 2,080 square foot home was built in 1977 on a lot size of 0.22.

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!

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Multi-Family Active

Price

$ 530,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 3,607

Style

Lot Size

0.22

Year Built

1977

Town/City

Longmont

County/Region

Boulder

MLS | Web ID

IR1058785

Features
Interior
Interior Amenities Eat-in Kitchen No Stairs
Basement None
Total Fireplaces 0
Basement (Y/N) N
Window Features Window Coverings
Laundry Features In Unit
Main Level Bedrooms 0
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General
Heating Forced Air
Cooling Ceiling Fan(s) Central Air
Utilities Cable Available Electricity Available Internet Access (Wired) Natural Gas Available
Possession Closing/DOD
Roof Composition
Appliances Dishwasher Disposal Oven
Zoning RES
Patio/Porch Features Patio
Security Features Smoke Detector(s)
Construction Materials Brick
Year Built 1977
Tenant Pays Electricity Water
Levels One
Property Subtype Duplex
Tax Year 2025
Ownership Individual
Gross Income 3600
County Boulder
Net Operating Income 35488
Operating Expense 7496
Property Type Residential Income
HOA N
Subdivision Name Horizon Pkwy
Facing Direction South
Possible Use Multi-Family
Status Active
Directions Main St & Hwy 66. Head west onto Hwy 66 Turn left onto Pratt St Turn left onto Kelly Pl. The property will be on the left.
High School Longmont
City Longmont
High School District St. Vrain Valley RE-1J
Number Of Units Total 2
Lot Size Square Feet 9625
Listing Terms Cash Conventional FHA VA Loan
Elementary School Northridge
Tax Annual Amount 3607
Middle/Junior High School Longs Peak
Concessions No
Virtual Tour http://www.listingsmagic.com/282600
Standard Status Active
Occupancy Type Tenant
Elementary School District St. Vrain Valley RE-1J
Cap Rate 6.7
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Exterior
Fencing Partial
Lot Features Level
Water Source Public
Total Parking 2
Building Area Total 2080
Lot Size Acres 0.22
Road Surface Type Paved
Road Frontage Type Public
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Internal Only
Street Number 1 938
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* Excluded Features
List By
Re/Max Of Boulder, Inc

Broker

(303) 875-0221

Phone

Affordability Calculator

$3,564
Per Month
92%
8%
0%
Monthly Principal & Interest
$3,263
Monthly Property Taxes
$301
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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.
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Nearby
3043396 Elementary School
910891 Middle School
Longmont High School High School
Pricing History
DatePricePrice ChangeDescription
5/12/2026$530,000 Listed Price

Map


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938 Kelly Place, Longmont, CO, 80501 is a Multi-Family Home for sale at $530,000 with 2,080 sqft and a lot size of 0.22. 938 Kelly Place is a studio with 0.0 baths and was built in 1977. The property's zip code is 80501 which is in Longmont, CO