$1,600,000
SOLD APR 11, 2025
8 Beds
8 Baths
4,144 Sq Ft
10,454 Sq Ft Lot

Recently Sold

$386 Per Sq Ft

3% Below List Price

51 Days on Market

Highlights

  • Wooded Lot
  • No HOA
  • Double Pane Windows
  • Eisenhower Elementary School Rated A
  • Fireplace
  • Brick Veneer

About This Home

As of April 2025

Welcome to 4885 Eisenhower Drive in beautiful Boulder, CO-a fantastic opportunity to invest in a well-maintained 4-unit apartment building nestled in a serene residential neighborhood. This property boasts a generous 4,144 square feet of living space on a 10,629 square foot lot, ensuring plenty of room for tenants to enjoy.Each unit offers two spacious bedrooms and two bathrooms, including a primary bedroom with a private 3/4 bath and a second bedroom with access to a full bath. The large living areas are perfect for relaxation or entertaining, offering tenants a comfortable and inviting space to call home.Additional perks include a detached garage, complete with a storage locker ideal for bikes and outdoor gear-a must-have for those who love to explore Boulder's renowned bike paths. The location is prime, with convenient proximity to a variety of restaurants, shopping options, and easy access to outdoor activities.Having been owned by the same family for nearly 40 years, this property has been lovingly cared for and presents a unique opportunity. The current rents are below market value, providing the new owner with significant potential to increase income. Don't miss out on this exceptional investment opportunity in one of Boulder's most desirable areas!

Last Agent to Sell the Property

Dave Naber

Coldwell Banker Realty 02 Listed on: 02/19/2025

Coldwell Banker Realty 02

Last Buyer's Agent

Michael Greenwood

RE/MAX of Boulder, Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,796

Year Built

  • Built in 1973

Lot Details

  • 10,454 Sq Ft Lot
  • Wooded Lot

Home Design

  • Brick Veneer
  • Wood Frame Construction
  • Fiberglass Roof

Interior Spaces

  • 4,144 Sq Ft Home
  • 2-Story Property
  • Fireplace
  • Double Pane Windows
  • Window Treatments

Kitchen

  • Electric Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Laundry

  • Dryer
  • Washer

Schools

  • Eisenhower Elementary School
  • Manhattan Middle School
  • Fairview High School

Utilities

  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for gas, electricity
  • Assessor Parcel Number R0012208

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Arapahoe Ridge 4 Subdivision

Building Details

  • Gross Income $70,860
  • Net Operating Income $43,327

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,796

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Year Built: 1973
  • Property Sub Type: Income Property
  • Prop. Type: Residential Income
  • Horses: No
  • Lot Size Acres: 0.24
  • Subdivision Name: Arapahoe Ridge 4
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • IRESDS_HasWaterRights: No
  • IRESDS_Total Sq Ft: 4144
  • Special Features: None
  • Stories: 2

Interior Features

  • Possible Use: Multi-Family
  • Private Spa: No
  • Appliances: Electric Range/Oven, Dishwasher, Refrigerator, Washer, Dryer
  • Has Basement: None
  • Total Bedrooms: 8
  • Fireplace Features: Single Fireplace
  • Fireplace: Yes
  • Window Features: Window Coverings, Double Pane Windows
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Fiberglass
  • Lot Features: Wooded
  • Waterfront: No
  • Construction Type: Wood/Frame, Brick/Brick Veneer
  • Property Condition: Not New, Previously Owned

Utilities

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

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: Eisenhower
  • HighSchool: Fairview
  • Junior High Dist: Boulder Valley Dist RE2
  • Middle Or Junior School: Manhattan

Lot Info

  • Zoning: Multi Fam
  • Lot Size Sq Ft: 10454
  • Parcel #: R0012208
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Gas, Electricity

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 9796

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 70860
  • Income Includes: ["Lease/Rents"]
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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 List to Sale Price per Sq Ft
04/11/2025 04/11/25 Sold $1,600,000 -3.0% $386 / Sq Ft
02/19/2025 02/19/25 For Sale $1,650,000 -- $398 / Sq Ft
Source: IRES MLS

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
2025 $9,980 $109,575 $74,400 $35,175
2024 $9,980 $109,575 $74,400 $35,175
2023 $9,797 $109,967 $81,593 $32,060
2022 $7,878 $81,600 $49,096 $32,504
2021 $7,685 $85,800 $51,623 $34,177
2020 $8,091 $92,950 $51,623 $41,327
2019 $7,967 $92,950 $51,623 $41,327
2018 $6,586 $75,960 $47,520 $28,440
2017 $6,380 $83,978 $52,536 $31,442
2016 $6,057 $69,976 $36,138 $33,838
2015 $5,736 $66,633 $25,392 $41,241
2014 $5,603 $66,633 $25,392 $41,241
Source: Public Records

Agents Affiliated with this Home

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Map

Source: IRES MLS

MLS Number: IRE1026668

IRES MLS

APN: 1463-33-1-05-003