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2535 Spruce StreetBoulder, CO 80302

For Sale

$3,200,000

Smart Buyer Rebate $32,000

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.

Listed by John Roberts

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License #IRP08781

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New Age Real Estate

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303-549-6179

Last updated August 25, 2025

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Source: REcolorado #IR1041974

Listing Facts

  • TypeMulti-family
  • NeighborhoodWhittier
  • Days on Prevu16
  • Taxes$13,293/year

Amenities

  • Air Conditioning
  • Parking

Location

Mortgage Calculator

Listing History

08/21/2025
Listed by New Age Real Estate
$3,200,000

Property Details for 2535 Spruce Street

Exterior

Construction

  • Number Of Units Total: 4
  • Property Attached: Yes
  • Roof: Composition
  • Year Built: 1989
  • Construction Materials: Frame

Measurements

  • Building Area Total: 4,280
  • Lot Size Acres: 0.17
  • Lot Size Square Feet: 7,240

Financial

Residential Income

  • Cap Rate: 4.1
  • Gross Income: $9,800.00
  • Operating Expense: $13,293.00

Taxes

  • Parcel Number: R0003308
  • Tax Annual Amount: $13,293.00
  • Tax Year: 2024

Other

General

  • Exclusions: Tenants personal property

Location

  • Subdivision Name: Pine Street

Parking

Parking

  • Parking Total: 5

Schools

Elementary School

  • Elementary School: Whittier E-8
  • Elementary School District: Boulder Valley RE 2

High School

  • High School: Boulder
  • High School District: Boulder Valley RE 2

Middle or Junior School

  • Middle Or Junior School: Casey

Utilities

Equipment

  • Cooling: Central Air
  • Heating: Forced Air
  • Water Source: Public

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Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.