Boulder, CO 80302 1511 Broadway

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Presented By: Robinson Investment Co., Inc.; 3034643903
  • MLS# 1035830
  • 06/04/2025
  • Request Tour
  • Request Info
  • SQFT • 3,582

Home Details

4-plex on The Hill at a superb location students love - and at an attractive price for investors. Look at that CAP rate and GRM. Never vacant. In fact, there's a steady stream of fraternity brothers who rent this whole house year after year. Solid rents secured through August 2026 AND the ability to easily add even more value. The lot is so big, it extends from Broadway all the way back to the alley. At least 10 parking spaces on the long driveway and behind the house accessed from the alley. Brand new paint on the whole exterior of this three story property. The front of the house includes a covered porch with new decking, and a grassy space with a flagstone patio perched above Broadway. In the back, there's a huge cemented patio students easily find a way to enjoy... and don't forget the balcony with new decking off of the top level overlooking the back of the property. A short walk to both CU and Downtown... and across the street from The Limelight Boulder, the $130 million hotel and conference center opening later this summer. The property is a legal 4-plex, but lives like one big house. Currently finished as 12 bedrooms, 4 bathrooms and 3 kitchens. There are 3 bedrooms on the main level, 5 bedrooms on the upper level and 4 bedrooms on the lower level. Each level has its own kitchen. Laundry for all tenants is located in the basement (2 new washers and 2 new dryers). New water heater in 2024. Hard flooring in all common area living spaces, both laminate and tile. Carpet in the bedrooms. Residents can enter through the front of the house or the north side, and three bedrooms have private outdoor access. Take a look at the huge living room and the opportunity to add an additional bedroom. Bring your creativity and vision to help maximize the potential of this in demand income property at a fantastic Boulder location.
Presented By: Robinson Investment Co., Inc.; 3034643903

Interior Features for 1511 Broadway

Other Interior Features

LivingAreaSourceAssessor
Air Conditioning Y/NNo
BasementPartially Finished
Fireplace Y/NNo
Heating Y/NYes
Interior AmenitiesHigh Speed Internet
Laundry FeaturesWasher/Dryer Hookups
Window FeaturesWindow Coverings

General for 1511 Broadway

AppliancesElectric Range/Oven, Dishwasher, Refrigerator, Washer, Dryer, All Appliances, Disposal
Attached Garage No
Cap Rate6.45
CityBoulder
Construction MaterialsWood/Frame
CountyBoulder
DirectionsGoogle maps
ElectricElectric, Xcel Energy
Elementary SchoolFlatirons
Garage Y/NNo
Gas Y/NNatural Gas, Xcel Energy
Gross Income219744
HOANo
HeatingHot Water
High SchoolBoulder
High School DistrictBoulder Valley Dist RE2
Land Lease Y/NNo
LevelsThree Or More
Living Area UnitsSquare Feet
Lot Size Square Feet7056
Lot Size UnitsSquare Feet
MLS AreaBoulder
Middle/Junior High SchoolManhattan
Net Operating Income203136
New ConstructionNo
Number Of Units Total4
Operating Expense16608
Patio/Porch FeaturesPatio, Deck
Property Attached Y/NNo
Property ConditionNot New, Previously Owned
Property SubtypeIncome Property
Property TypeResidential Income
RoofComposition
Senior Community Y/NNo
Standard StatusActive
StatusActive/Backup
Stories3
Subdivision NameGrand View Heights
Tax Annual Amount10311
Tax Year2024
Tenant PaysDeposit, Gas, Electricity, Water, Sewer, Trash Collection
UtilitiesNatural Gas Available, Electricity Available, Cable Available
Year Built1907
Zoning4-plex

Exterior for 1511 Broadway

Exterior AmenitiesLighting, Balcony
Horse Y/NNo
Lot FeaturesCurbs, Gutters, Sidewalks
Lot Size Acres0.16
Lot Size Area7056
Other ParkingParking Per Unit(2 Spaces/Unit)
Parking FeaturesAlley Access
Road Frontage TypeCity Street
Road Surface TypePaved, Asphalt
SpaNo
Water SourceCity Water, City of Boulder
Waterfront Y/NNo

Additional Details

Price History

Schools

High School Boulder High School
Elementary School Flatirons Elementary School
Middle School Manhattan Middle School

Jon Holsten

Price $3,150,000
MLS#1035830
List Date 06/04/2025
Property Type Backup
Phone 970.237.2752
Request Tour
Request Info
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