Boulder, CO 80302 2535 Spruce St

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Presented By: New Age Real Estate; 3035496179
  • MLS# 1041974
  • 08/21/2025
  • Request Tour
  • Request Info
  • Beds • 12
  • Baths • 8
  • SQFT • 4,280

Home Details

Discover a rare multi-family opportunity in the heart of Boulder! This well-maintained fourplex offers four spacious 3-bedroom, 1.5-bathroom units, each thoughtfully designed for comfortable living. With generous floorplans, private entrances, and functional layouts, each unit is ideal for long-term tenants or potential owner-occupancy. Perfectly situated just minutes from Pearl Street, Google's Boulder campus, 29th Street Mall, and the city's best dining, shopping, and outdoor recreation, this property boasts a location that will attract strong rental demand year-round. Tenants enjoy easy access to bike paths, public transportation, and top-rated Boulder Valley schools. Current rental income provides immediate cash flow, with significant upside potential through updates or market adjustments. Off-street parking and on-site laundry add convenience for residents, while mature landscaping enhances curb appeal. Whether you're looking to expand your portfolio, complete a 1031 exchange, or invest in Boulder's thriving rental market, 2535 Spruce St is a prime opportunity not to be missed. Highlights: Four spacious units, each with 3 bedrooms & 1.5 bathrooms Highly desirable central Boulder location Close to Pearl Street, Google, parks, and bike paths Consistent rental history with upside potential Off-street parking & on-site laundry Excellent walkability & transit access.
Presented By: New Age Real Estate; 3035496179

Interior Features for 2535 Spruce St

Bedrooms

Total Bedrooms12

Bathrooms

Total Baths8

Other Interior Features

LivingAreaSourceAssessor
Air Conditioning Y/NYes
BasementNone
Fireplace Y/NNo
Heating Y/NYes

General for 2535 Spruce St

AppliancesAll Appliances
Attached Garage No
Cap Rate4.1
CityBoulder
Construction MaterialsWood/Frame
CoolingCentral Air
CountyBoulder
ElectricSeparate Meter Electricity
Elementary SchoolWhittier
ExclusionsTenants personal property
Garage Y/NNo
Gross Income113084.25
HOANo
HeatingForced Air
High SchoolBoulder
High School DistrictBoulder Valley Dist RE2
Land Lease Y/NNo
LevelsTwo
Living Area UnitsSquare Feet
Lot Size Square Feet7240
Lot Size UnitsSquare Feet
MLS AreaBoulder
Middle/Junior High SchoolCasey
Net Operating Income99791.25
New ConstructionNo
Number Of Units Total4
Operating Expense13293
Property Attached Y/NNo
Property ConditionNot New, Previously Owned
Property SubtypeIncome Property
Property TypeResidential Income
RoofComposition
Senior Community Y/NNo
Standard StatusActive
StatusActive
Stories Count2
Subdivision NamePine Street
Tax Annual Amount13293
Tax Year2024
Tenant PaysDeposit, Gas, Electricity
Year Built1989
ZoningQuadplex

Exterior for 2535 Spruce St

Horse Y/NNo
Lot Size Acres0.17
Lot Size Area7240
SpaNo
Water SourceCity Water, Boulder Water
Waterfront Y/NNo

Additional Details

Price History

Schools

High School Boulder High School
Middle School Casey Middle School
Elementary School Whittier Elementary School

Jon Holsten

Price $3,200,000
MLS#1041974
List Date 08/21/2025
Property Type Income
Phone 970.237.2752
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Request Info
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