$1,695,000
$55K PRICE DROP

Estimated payment $9,461/month

Total Views 2,262
5 Beds
2 Baths
1,593 Sq Ft
$1,064 Price per Sq Ft

Highlights

  • City View
  • Open Floorplan
  • No HOA
  • Creekside Elementary School Rated A
  • Cathedral Ceiling
  • Cottage

About This Home

BEST CAP RATE in towN, already rented for 2025/26! This INVESTMENT property boasts a BRAND NEW FULL REMODEL, now a 5-bedroom, 2-bathroom contemporary home. Designed specifically for student living, the new layout maximizes space and functionality, creating the perfect blend of comfort and convenience. Prime location ONLY 2 BLOCKS FROM CU, The Hill and downtown Boulder less than 5 minutes away; dining, shopping, & entertainment are always within easy reach. The open-concept living room and kitchen with vaulted ceilings and all new appliances, foster a dynamic, social atmosphere ideal for communal interaction. A detached den/playroom provides a versatile space for entertainment, relaxation, or study (foosball table and fridge included!). Every detail of this home has been updated including new flooring, drywall, insulation, interior and exterior paint, modern lighting, updated electrical and plumbing, and completely new bathrooms and kitchen. New washer-dryer unit adds extra convenience, making everyday living even easier. The property also features a sprinkler system to keep the landscaping lush and green. PLENTY OF PARKING, with 1 car-garage, 3 off-street parking spaces and plenty of on-street parking typically available. Designed for durability and LOW COST MAINTENANCE, this home is an excellent investment opportunity with a great Cap Rate. Plus, TENANTS PAY ALL UTILITIES and trash. Whether you're looking for a high-demand rental property or a comfortable student residence, this move-in-ready property checks all the boxes. Schedule a showing today!

Last Listed By

Michael Rothschild

Live West Realty Listed on: 04/03/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,596

Year Built

  • Built in 1922

Lot Details

  • 6,847 Sq Ft Lot
  • Property fronts an alley
  • South Facing Home
  • Southern Exposure
  • Partially Fenced Property
  • Level Lot
  • Sprinkler System

Home Design

  • Cottage
  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 1,593 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Cathedral Ceiling
  • Ceiling Fan
  • Double Pane Windows
  • Window Treatments
  • City Views
  • Fire and Smoke Detector
  • Unfinished Basement

Kitchen

  • Eat-In Kitchen
  • Gas Oven or Range
  • Self-Cleaning Oven
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms
  • Primary bathroom on main floor

Laundry

  • Dryer
  • Washer

Parking

  • 3 Parking Spaces
  • Alley Access

Eco-Friendly Details

  • Energy-Efficient HVAC

Outdoor Features

  • Exterior Lighting
  • Outdoor Storage

Schools

  • Creekside Elementary School
  • Manhattan Middle School
  • Boulder High School

Utilities

  • Cooling Available
  • Radiant Heating System
  • Baseboard Heating
  • Hot Water Heating System
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for deposit, gas, electricity, water, sewer, trash collection
  • Assessor Parcel Number R0006536

Community Details

Overview

  • No Home Owners Association
  • Interurban Park Subdivision

Amenities

  • Recreation Room
  • Laundry Facilities

Building Details

  • Gross Income $111,000
  • Net Operating Income $103,454

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,596

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Inclusions: Window Coverings,Gas Range/Oven,Self-Cleaning Oven,Dishwasher,Refrigerator,Clothes Washer,Clothes Dryer,Microwave,Disposal,Smoke Alarm(s)
  • Year Built: 1922
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.16
  • Road Frontage Type: City Street, Alley
  • Road Surface Type: Paved, Asphalt
  • Subdivision Name: Interurban Park
  • Directions: From the intersection of Broadway and Baseline, go West on Baseline and immediately Turn Left on 22nd St and again Turn Left onto Columbine Ave. The property will be 1/2 a block on your left hand side.
  • Architectural Style: Cottage/Bung, Ranch
  • Unit Levels: One
  • New Construction: No
  • Efficiency: Southern Exposure, HVAC
  • Building Stories: 1
  • Special Features: None
  • Stories: 1

Interior Features

  • Possible Use: Single Family
  • Private Spa: No
  • Appliances: Gas Range/Oven, Self Cleaning Oven, Dishwasher, Refrigerator, Washer, Dryer, Microwave, Disposal
  • Accessibility Features: Level Lot, Main Floor Bath, Main Level Bedroom
  • Has Basement: Unfinished
  • Total Bedrooms: 5
  • Interior Amenities: High Speed Internet, Eat-in Kitchen, Cathedral/Vaulted Ceilings, Open Floorplan, Kitchen Island
  • Window Features: Window Coverings, Double Pane Windows

Exterior Features

  • Roof: Composition
  • Fencing: Partial
  • Lot Features: Curbs, Gutters, Sidewalks, Lawn Sprinkler System, Level
  • View: City
  • View: Yes
  • Waterfront: No
  • Disclosures: Seller's Property Disclosure
  • Home Warranty: No
  • Construction Type: Wood/Frame
  • Direction Faces: South
  • Exterior Features: Lighting
  • Other Structures: Storage
  • Property Condition: Not New, Previously Owned

Garage/Parking

  • Parking Features: Alley Access
  • Total Parking Spaces: 3

Utilities

  • Cooling: Ceiling Fan(s)
  • Electric: Electric, Xcel Energy
  • Heating: Hot Water, Baseboard, Radiant
  • Utilities: Natural Gas Available, Electricity Available, Cable Available
  • Laundry Features: Common Area
  • Security: Smoke Detector(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Electricity On Property: No
  • Sewer: City Sewer
  • Water Source: City Water, City of Boulder
  • Gas Company: Natural Gas, Xcel Energy

Condo/Co-op/Association

  • Community Features: Recreation Room
  • Senior Community: No
  • Association: No

Schools

  • Elementary School: Creekside,University Hill
  • HighSchool: Boulder
  • Junior High Dist: Boulder Valley Dist RE2
  • Middle Or Junior School: Manhattan

Lot Info

  • Zoning: RES
  • Land Lease Amount Frequency: Annually
  • Lot Size Sq Ft: 6847
  • Parcel #: R0006536
  • Irrigation Water Rights: No

Rental Info

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

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 5596

Multi Family

  • Number Of Units Total: 1
  • Annual Gross Income: 111000
  • Income Includes: ["Parking"]
  • Annual Operating Expense: 7546
  • Total Actual Rent: 8750

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

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
2024 $5,596 $76,175 $57,669 $18,506
2023 $5,498 $70,370 $58,759 $15,296
2022 $5,194 $62,884 $48,143 $14,741
2021 $5,568 $64,693 $49,528 $15,165
2020 $5,306 $60,954 $41,256 $19,698
2019 $5,225 $60,954 $41,256 $19,698
2018 $4,809 $55,462 $36,936 $18,526
2017 $4,658 $61,316 $40,835 $20,481
2016 $3,983 $46,017 $31,522 $14,495
2015 $3,772 $37,372 $15,522 $21,850
2014 $3,142 $37,372 $15,522 $21,850
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/29/2025 04/29/25 Price Changed $1,695,000 -3.1% $1,064 / Sq Ft
04/09/2025 04/09/25 For Sale $1,749,500 0.0% $1,098 / Sq Ft
04/09/2025 04/09/25 Price Changed $1,749,500 +112.6% $1,098 / Sq Ft
10/25/2024 10/25/24 Sold $823,000 -4.3% $517 / Sq Ft
09/30/2024 09/30/24 For Sale $860,000 -- $540 / Sq Ft
Source: IRES MLS

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed $823,000 None Listed On Document
Interfamily Deed Transfer -- --
Warranty Deed $95,000 --
Warranty Deed $80,000 --
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $200,000 Credit Line Revolving
Previous Owner $294,000 New Conventional
Previous Owner $300,000 New Conventional
Source: Public Records

Similar Homes in Boulder, CO

  • 1843 Spruce St, Boulder, CO 80302

    $1,600,000

    • 4 Beds
    • 3 Baths
    • 3,654 Sq Ft
    • 1843 Spruce St
    • Boulder, CO

    Luxury Live Auction! Bidding to start from $1,600,000.00! Location, location, location! Rare duplex in the heart of Boulder, just one block from Pearl Street. Charming home with the perfect blend of historic character and modern amenities situated on a corner lot. Main unit features formal living room, dining room, spacious kitchen, bedroom and full bathroom (with clawfoot tub!). Spacious,

    Shannon Conry RE/MAX Alliance

    Section Image
  • 1265 Balsam Ave, Boulder, CO 80304

    $1,397,000

    • 3 Beds
    • 2 Baths
    • 1,552 Sq Ft
    • 1265 Balsam Ave
    • Boulder, CO

    Introducing a rare gem, offering a multitude of opportunities! Perfectly situated on a prominent corner lot in the heart of Boulder, this property presents ownership options to develop, rent, invest or live in. For developers looking for a turnkey acquisition, this is fully entitled and PERMIT READY with architectural drawings complete from the renowned Watt Architecture, and potential for

    Jay Hebb The Agency - Boulder

    Section Image
  • 415 Alpine Ave, Boulder, CO 80304

    $1,495,000

    • 6 Beds
    • 3 Baths
    • 2,942 Sq Ft
    • 415 Alpine Ave
    • Boulder, CO

    Income-Producing Duplex in the Heart of Newlands!Located in Boulder’s highly sought-after Newlands neighborhood, just steps from the foothills, 415 & 417 Alpine Avenue presents a rare opportunity to own a well-maintained duplex on a quiet, tree-lined corner lot. With a strong rental history, timeless charm, and unbeatable outdoor access, this property offers both lifestyle and investment

    Allison Cassieri North Metro Realty LLC

    Section Image

Source: IRES MLS

MLS Number: 1030153

IRES MLS

APN: 1577061-05-005