$1,775,000
SOLD MAY 31, 2022

1603 Arapahoe Ave Boulder, CO 80302

Goss-Grove Neighborhood
7 Beds
4 Baths
2,940 Sq Ft
6,345 Sq Ft Lot

Recently Sold

$604 Per Sq Ft

4% Above List Price

21 Days on Market

Highlights

  • Corner Lot
  • No HOA
  • Property is near a bus stop
  • Whittier Elementary School Rated A-
  • Brick Veneer
  • Forced Air Heating System

About This Home

As of May 2022

Two unit multi-family investment opportunity in the heart of Boulder. Located within walking distance from both the University of Colorado and downtown, this student rental property is always 100% occupied. Amenities abound with dedicated off-street parking, a washer and dryer in each unit, and seven total bedrooms. Not to mention the historic charm. Let this be your next MUH investment in Boulder.

Last Agent to Sell the Property

Todd Walsh

Market Real Estate Listed on: 03/01/2022

Co-Listed By

Heidi Schamber

Market Real Estate

Last Buyer's Agent

Nick Duncan

LIV Sotheby's Intl Realty

LIV Sotheby's Intl Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,631

Year Built

  • Built in 1910

Lot Details

  • 6,345 Sq Ft Lot
  • Fenced
  • Corner Lot

Parking

  • Alley Access

Home Design

  • Brick Veneer
  • Composition Roof

Interior Spaces

  • 2,940 Sq Ft Home
  • 2-Story Property
  • Crawl Space

Kitchen

  • Electric Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Laundry

  • Dryer
  • Washer

Location

  • Property is near a bus stop

Schools

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

Utilities

  • Forced Air Heating System
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for deposit, gas, electricity, water, sewer, trash collection
  • Assessor Parcel Number R0006839

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Orchard Home Bo Subdivision

Building Details

  • Gross Income $100,920
  • Net Operating Income $75,288

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,631

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Year Built: 1910
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.15
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Co List Office Mls Id: TODWAL
  • Subdivision Name: ORCHARD HOME - BO
  • Directions: Heading west on Arapahoe the property is on the northeast corner of Arapahoe Ave and 16th Street
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 2940
  • Special Features: None
  • Stories: 2

Interior Features

  • Possible Use: Multi-Family
  • Private Spa: No
  • Appliances: Electric Range/Oven, Dishwasher, Refrigerator, Washer, Dryer
  • Accessibility Features: Near Bus
  • Has Basement: Crawl Space
  • Total Bedrooms: 7
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition
  • Fencing: Fenced
  • Lot Features: Curbs, Gutters, Sidewalks, Corner Lot
  • View: Foothills View
  • Waterfront: No
  • Construction Type: Brick/Brick Veneer
  • Property Condition: Not New, Previously Owned

Garage/Parking

  • Parking Features: Alley Access

Utilities

  • Electric: Electric, Xcel
  • Heating: Forced Air
  • Utilities: Natural Gas Available, Electricity Available, Cable Available
  • Heating Yn: Yes
  • Sewer: City Sewer
  • Water Source: City Water, City of Boulder
  • Gas Company: Natural Gas, Xcel

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Association/Amenities

  • IRESDS_HasAssociation2Reserve: No
  • IRESDS_HasAssociation2Fee: No
  • IRESDS_HasAssociationReserve: No
  • IRESDS_HasAssociationFee: No

Schools

  • Elementary School: Whittier
  • HighSchool: Boulder
  • Junior High Dist: Boulder Valley Dist RE2
  • Middle Or Junior School: Casey

Lot Info

  • Zoning: RMX-1
  • Lot Size Sq Ft: 6345
  • Parcel #: R0006839
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Deposit, Gas, Electricity, Water, Sewer, Trash Collection

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 6631

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 100920
  • Annual Operating Expense: 25632

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2022 05/31/22 Sold $1,775,000 +4.4% $604 / Sq Ft
03/25/2022 03/25/22 For Sale $1,700,000 -4.2% $578 / Sq Ft
03/11/2022 03/11/22 Off Market $1,775,000 -- --
03/04/2022 03/04/22 For Sale $1,700,000 +25.9% $578 / Sq Ft
03/09/2021 03/09/21 Off Market $1,350,000 -- --
11/06/2018 11/06/18 Sold $1,350,000 -3.6% $392 / Sq Ft
09/17/2018 09/17/18 For Sale $1,400,000 -- $407 / Sq Ft
Source: IRES MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Todd Walsh

    Seller's Agent in 2022

    Todd Walsh

    Market Real Estate

    (252) 342-6227

    1 in this area

    45 Total Sales

    Section Image
  • Heidi Schamber

    Seller Co-Listing Agent in 2022

    Heidi Schamber

    Market Real Estate

    (303) 579-2407

    1 in this area

    45 Total Sales

    Section Image
  • Nick Duncan

    Buyer's Agent in 2022

    Nick Duncan

    LIV Sotheby's Intl Realty

    (303) 596-5030

    1 in this area

    82 Total Sales

    Section Image
See All Agents

Map

Source: IRES MLS

MLS Number: 959827

IRES MLS

Colorado Boulder County Boulder 80302 Goss-Grove

1603 Arapahoe Ave, Boulder, CO

This home is located at 1603 Arapahoe Ave, Boulder, CO 80302 and is currently priced at $1,775,000, approximately $603 per square foot. This property was built in 1910. 1603 Arapahoe Ave is a home located in Boulder County with nearby schools including Whittier Elementary School, Casey Middle School, and Boulder High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

IRES MLS Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.

Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Information deemed reliable but not guaranteed by the MLS.

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