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
·
License #IRP08781
·
New Age Real Estate
·
303-549-6179
Last updated August 25, 2025
·
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
The content relating to real estate for sale in this Web site comes in part from the Internet Data
eXchange ("IDX") program of METROLIST, INC., DBA RECOLORADO® Real estate listings held by brokers
other than Prevu are marked with the IDX Logo. This information is being provided for the consumers'
personal, non-commercial use and may not be used for any other purpose. All information subject to
change and should be independently verified.
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.