1938 Spruce ST, Boulder, CO 80302
1938 Spruce ST, Boulder, CO 80302
1938 Spruce ST, Boulder, CO 80302
1938 Spruce ST, Boulder, CO 80302
1938 Spruce ST, Boulder, CO 80302
1938 Spruce ST, Boulder, CO 80302
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 2,175,000
Est. payment | /mo

3,800 SqFt


Save
$ 2,175,000
Est. payment | /mo
Save

3,800 SqFt

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,800 sqft

Price per Sqft $572

MLS Listing ID 5201743

Style Bungalow,Contemporary

HOA Y/N No

Year Built 1934

Annual Tax Amount $12,812

Tax Year 2025

Lot Size 7,189 Sqft

Acres 0.17

Property Sub-Type Multi Family

Source recolorado

Property Description

A rare opportunity to secure a generational asset in one of Boulder's most tightly held markets. This 5-plex offers a unique combination of scale, flexibility, and location that is increasingly difficult to replicate, making it well-suited for long-term ownership and wealth preservation.

The property is configured with a detached single-family residence at the front and a separate four-unit building at the rear, creating a layout that enhances privacy, tenant appeal, and optionality for future use. The unit mix includes one one-bedroom and four two-bedroom units, aligning with consistent demand drivers in the Boulder market.

With leases in place through July 2026, the property provides stable, predictable income from day one. Several units have already been thoughtfully updated, allowing the next owner to benefit from a well-maintained asset while preserving the ability to make strategic improvements over time.

Positioned near downtown Boulder and the University of Colorado, and surrounded by the amenities that define the Boulder lifestyle, this property sits in a location where demand has proven durable across market cycles. Five off-street parking spaces further enhance tenant convenience and long-term desirability.

For buyers focused on long-term wealth creation, this is less about chasing short-term yield and more about owning a scarce, income-producing asset in a supply-constrained market that has historically rewarded patience and disciplined ownership.

Location

State CO

County Boulder

Zoning RMX-1

Interior

Fireplace N

Exterior

Roof Type Composition

Total Parking Spaces 5

Garage No

Building

Lot Description Corner Lot

Sewer Public Sewer

Water Public

Structure Type Brick,Frame

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

REColorado (REColorado MLS)
Listed by RE/MAX Alliance

NEARBY LOCATIONS

Sarah Thomsen
Sarah Thomsen

Agent | License ID: FA.100088335

+1(719) 304-4667 | sarah@modusrealestate.com

GET MORE INFORMATION

Name
Phone*
Message

SCHEDULE A TOUR OF THIS HOME

1938 Spruce ST