Residential Income · Active

2535 Spruce Street

Boulder, CO 80302

12 Beds · 8 Baths · 4,280 Sq Ft

$3,200,000

Quadruplex

Property Type

0.17 acres

Lot Size

1989

Year Built

$748

Price per Sq Ft

4892009

MLS #

About This Property

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

135 days on market

Listed by Shelby Foster & The Roberts Team · ERA New Age · shelby@newagere.com,720-387-5262

Last updated: 6/8/2026 3:45 PM · Source: REcolorado®, MLS#: 4892009

Property Details

Key Details

Property Type Residential Income
Sub Type Quadruplex
Status Active
Price per Sq Ft $748
Subdivision Pine Street
MLS # 4892009
Days on Market 135
Bedrooms 12

More Details

Year Built 1989
Lot Size (Sq Ft) 7,240
Acres 0.17
HOA No
Annual Taxes $13,293
State CO
County Boulder

Interior

Heating Forced Air
Cooling Central Air, Air Conditioning-Room

Exterior & Parking

Roof Composition

Building & Lot

Levels Two
Construction Frame
Sewer Public Sewer
Water Source Public

Terms & Other

Senior Community No
Special Conditions None Known

Location

Price History

DateEventPrice
6/8/2026 Listed for sale
Source: REcolorado® #4892009
$3,200,000 $748/sqft

Based on information submitted to the MLS GRID as of October 21, 2026 at 6:15 PM MDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Listing information last updated June 8, 2026 at 3:45 PM.

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