2535 Spruce St, Boulder, CO 80302 (MLS # 4892009)

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PRICE $3,200,000 BEDS 12 BATHS 8 HOME SIZE 4,280 sqft LOT SIZE 7,406 sqft Request More Info Schedule a Showing

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