Boulder, CO 80302 1540 Grove St

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Presented By: RE/MAX Alliance-Boulder; 3035888999
  • MLS# 1031559
  • 04/10/2025
  • Request Tour
  • Request Info
  • Beds • 5
  • Baths • 3
  • SQFT • 2,600

Home Details

This classic 1900-built Victorian home has been beautifully converted into a well-maintained triplex in one of Boulder's most sought-after neighborhoods. Located just one block from the Farmer's Market and within walking distance to Pearl Street, CU Boulder, and Naropa University, the property offers an unbeatable location for tenants seeking both character and convenience. Each of the three units in the triplex features two bedrooms and one bathroom, with layouts ranging from 600 to 800 square feet. The top-floor unit is spacious and bright, offering stunning views and abundant natural light. The upstairs kitchen was renovated in 2023, blending modern finishes with functionality. The main-level unit features a comfortable layout and easy access to the shared outdoor areas, with a beautifully updated kitchen also completed in 2023. The garden-level unit, while technically basement level, receives excellent afternoon sun and boasts high-end finishes throughout. The bathroom was fully renovated in 2018, and the kitchen includes modern appliances and custom shelving, blending vintage charm with practical upgrades. Shared laundry is available to all units and is included in the rent. The building is metered for water and offers a peaceful, community-oriented feel thanks to its owner's care and ongoing maintenance. While not new construction, the home's historic details have been preserved and enhanced with tasteful, high-quality improvements over the years. Whether you're seeking a vibrant downtown lifestyle, proximity to campus, or a cozy, character-filled space, this triplex offers a unique rental opportunity in the heart of Boulder. Cap rate on this rental is an amazing 5.51% (with estimated management fees). The property is leased until July of 2026.
Presented By: RE/MAX Alliance-Boulder; 3035888999

Interior Features for 1540 Grove St

Bedrooms

Total Bedrooms5

Bathrooms

Total Baths3

Other Interior Features

LivingAreaSourceAssessor
Air Conditioning Y/NNo
BasementFull
Fireplace Y/NNo
Heating Y/NYes
Window FeaturesWindow Coverings

General for 1540 Grove St

Attached Garage No
Cap Rate5.51
CityBoulder
Construction MaterialsWood/Frame, Brick/Brick Veneer
CountyBoulder
ElectricElectric, Xcel
Elementary SchoolUniversity Hill
ExclusionsTenant's personal property and staging items.
Garage Y/NNo
Gas Y/NNatural Gas, Xcel
Gross Income85140
HOANo
HeatingHot Water
High SchoolBoulder
High School DistrictBoulder Valley Dist RE2
Land Lease Y/NNo
LevelsTri-Level
Living Area UnitsSquare Feet
Lot Size Square Feet5215
Lot Size UnitsSquare Feet
MLS AreaBoulder
Middle/Junior High SchoolCasey
Net Operating Income71638
New ConstructionNo
Number Of Units Total3
Operating Expense13502
Possible UseMulti-Family
Property Attached Y/NNo
Property ConditionNot New, Previously Owned
Property SubtypeIncome Property
Property TypeResidential Income
RoofComposition
Senior Community Y/NNo
SewerCity Sewer
Standard StatusActive
StatusActive/Backup
Stories3
Subdivision NameOrchard Home
Tax Annual Amount7929
Tax Year2024
Tenant PaysDeposit, Gas, Electricity, Water, Sewer
UtilitiesNatural Gas Available, Electricity Available
ViewFoothills View
Virtual TourClick here
Waterfront Y/NNo
Year Built1900
ZoningMulti

Exterior for 1540 Grove St

Exterior AmenitiesBalcony
FencingFenced
Horse Y/NNo
Lot FeaturesCorner Lot
Lot Size Acres0.12
Lot Size Area5215
Other ParkingParking Per Unit(Less Than 1)
Road Frontage TypeCity Street
Road Surface TypePaved
SpaNo
Water SourceCity Water, City

Additional Details

Price History

Schools

High School Boulder High School
Middle School Casey Middle School
Elementary School University Hill Elementary School

Jon Holsten

Price $1,300,000
MLS#1031559
List Date 04/10/2025
Property Type Backup
Phone 970.237.2752
Request Tour
Request Info
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