Seller's Agent in 2026
Joe Gibbs
RE/MAX
(720) 902-6580
2 in this area
43 Total Sales
1938 Spruce St Boulder, CO 80302
Whittier Neighborhood
9
Beds
5
Baths
3,800
Sq Ft
7,405
Sq Ft Lot
Highlights
- Deck
- Corner Lot
- Balcony
- Whittier Elementary School Rated A-
- No HOA
- 4-minute walk to Bald Mountain Scenic Area
About This Home
As of May 2026Exceptional opportunity to acquire a well-located 5-plex in the heart of Boulder offering substantial upside to market rents and the ability to reduce operating expenses, with the benefit of leases in place through July 2026 providing near-term income stability. Opportunities with this combination of location, unit mix, and flexibility are increasingly rare in Boulder's supply-constrained market.The property consists of a detached single-family residence in the front and a four-unit building in the rear, creating privacy, operational flexibility, and strong tenant appeal. The unit mix is ideally suited to Boulder's rental demand, comprising one one-bedroom unit, and four two-bedroom units. Several units have been recently remodeled, positioning the property for future rent growth while limiting immediate capital expenditures.With five off-street parking spaces and a central location near downtown Boulder, the University of Colorado, dining, and trail systems, the property benefits from consistently strong rental demand. Current leases run through July 2026, offering predictable cash flow while creating a clear runway for a buyer to implement a thoughtful rent and expense optimization strategy at rollover.This offering represents a rare chance to secure a scalable Boulder multifamily asset with in-place income, long-term appreciation potential, and compelling value-add upside.
Last Agent to Sell the Property
RE/MAX Alliance-Boulder Brokerage Phone: 7209026580 License #100076400 Listed on: 01/09/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,436
Year Built
- Built in 1934
Lot Details
- 7,405 Sq Ft Lot
- Corner Lot
- Paved or Partially Paved Lot
Parking
- 5 Parking Spaces
Home Design
- Composition Roof
Interior Spaces
- 3,800 Sq Ft Home
- 2-Story Property
Kitchen
- Electric Range
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 9 Bedrooms
- 5 Bathrooms
Outdoor Features
- Balcony
- Deck
- Patio
Schools
- Whittier Elementary School
- Casey Middle School
- Boulder High School
Utilities
- Baseboard Heating
Listing and Financial Details
- Tenant pays for deposit, gas, electricity, water, sewer, trash collection
- Assessor Parcel Number R0006472
Community Details
Overview
- No Home Owners Association
- 5 Units
- Boulder O T East & West & North Subdivision
Building Details
- Gross Income $162,068
- Net Operating Income $101,421
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 9, 2026
Closed on
May 29, 2026
Sold by
Bought by
Seller's Agent
Joe Gibbs
RE/MAX Alliance-Boulder
Buyer's Agent
Tricia Dessel
Compass - Boulder
List Price
$2,395,000
Sold Price
$1,875,000
Premium/Discount to List
-$520,000
-21.71%
Views
18
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$866,250
Interest Rate
0.063%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 11, 2013
Sold by
Bought by
Purchase Details
Closed on
Jul 13, 2000
Sold by
Bought by
Purchase Details
Closed on
Apr 19, 1990
Bought by
Purchase Details
Closed on
Dec 30, 1970
Bought by
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $1,875,000 | Land Title | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $866,250 | New Conventional |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/29/2026 05/29/26 | Sold | $1,875,000 | -13.8% | $493 / Sq Ft |
| 03/26/2026 03/26/26 | Price Changed | $2,175,000 | -9.2% | $572 / Sq Ft |
| 01/09/2026 01/09/26 | For Sale | $2,395,000 | 0.0% | $630 / Sq Ft |
| 01/04/2026 01/04/26 | Off Market | -- | -- | -- |
| 12/03/2025 12/03/25 | Price Changed | $1,775 | +77.5% | $1 / Sq Ft |
| 06/23/2025 06/23/25 | For Rent | $1,000 | -- | -- |
Source: IRES MLS
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $12,812 | $141,589 | $58,473 | $83,116 |
| 2025 | $12,812 | $141,589 | $58,473 | $83,116 |
| 2024 | $12,436 | $130,138 | $53,744 | $76,394 |
| 2023 | $12,207 | $137,015 | $1,005 | $139,695 |
| 2022 | $2,276 | $20,468 | $1,020 | $19,448 |
| 2021 | $2,228 | $21,522 | $1,073 | $20,449 |
| 2020 | $7,681 | $88,245 | $42,471 | $45,774 |
| 2019 | $7,564 | $88,245 | $42,471 | $45,774 |
| 2018 | $7,023 | $81,000 | $39,096 | $41,904 |
| 2017 | $6,803 | $89,550 | $43,223 | $46,327 |
| 2016 | $7,379 | $85,244 | $29,691 | $55,553 |
| 2015 | $6,988 | $81,200 | $34,546 | $46,654 |
| 2014 | $6,827 | $81,200 | $34,546 | $46,654 |
Source: Public Records
Agents Affiliated with this Home
-
Joe Gibbs
-
Gregory Smith
Seller Co-Listing Agent in 2026
Gregory Smith
RE/MAX
(303) 527-3920
4 in this area
358 Total Sales
-
Tricia Dessel
Buyer's Agent in 2026
Tricia Dessel
Compass - Boulder
(303) 475-6097
1 in this area
88 Total Sales
Map
Source: IRES MLS
MLS Number: IRE1049294
APN: 1463-30-4-13-001
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Based on information submitted to the MLS GRID. 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. 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.
Based on information submitted to the MLS GRID
Listings courtesy of IRES MLS as distributed by MLS GRID
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