LKV Realty
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$3,200,000
$7,200Reward *
2535 Spruce Street, Boulder, CO 80302Listing ID 4892009

2535 Spruce Street, Boulder, CO 80302

Active
Pine Street
Time on site: 66 daysLast updated: Jun 8, 2026
Property Type
Property Type
Residential Income
Property Sub Type
Property Sub Type
Quadruplex
Bedrooms
Bedrooms
12
Bathrooms
Bathrooms
8
Square Feet
Square Feet
4,280
Acres
Acres
0.17
Days on Site
Days on Site
65
Cooling
Cooling
Air Conditioning-Room, Central Air
Heating
Heating
Forced Air
Year Built
Year Built
1989

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

Property Information

Property Details

Location

Address
2535 Spruce Street
County
Boulder
City
Boulder
Zip Code
80302
Subdivision
Pine Street
School District
Boulder Valley RE 2
High School
Boulder
Elementary School
Whittier Int'l

Interior Features

Beds and Baths

Bedrooms
12

Building

Building Information

Square Feet
4,280
Year Built
1989
Construction
Frame
Roof
Composition

Financial

Special Conditions
None

Property Taxes

Tax Annual Amount
$13,293
Tax Year
2024
ERA New Age, (720) 255-2162

Market Report for 80302

* The market data shown is based on available information from Multiple Listing Service (MLS) and/or public records. Data provided is for informational and educational purposes only and may not represent the full housing market. For more accurate information, consumers should consult a certified appraiser or licensed real estate agent.

*Average of $2,150 in rewards is calculated based on the purchase or sale of a home between $400,000 to $449,000. The median home price for all housing types is in the United States is $405,400 as of 2025 as reported by the National Association of Realtors® (NAR). The actual reward amount may vary depending on the purchase or sales price of the home. Please see the Lakeview Home Rewards program terms and conditions for more details. The National Association of Realtors® is a registered trademark of the National Association of Realtors®.

Source: REColorado
REColorado logo

Based on information submitted to the MLS GRID as of 13 Aug 2026, 04:18 AM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.

For corrections to this data please contact Brytecore MLS Support.

REC55043170 • REC42856T