NOT LISTED FOR SALE
8 Beds
8 Baths
4,144 Sq Ft
10,454 Sq Ft Lot

Sale Details

Date Sold: April 11, 2025

Last sale price $1,600,000 $386 Per Sq Ft

51 Days on Market

Highlights

  • Wooded Lot
  • Fireplace
  • Brick Veneer
  • No HOA
  • Double Pane Windows
  • Forced Air Heating System

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

Compass - Boulder License #1320057 Listed on: 02/19/2025

Compass - Boulder

Last Buyer's Agent

Michael Greenwood

RE/MAX of Boulder, Inc

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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

10,454 Sq Ft Lot

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"]

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
Feb 19, 2025
Closed on
Apr 11, 2025
Sold by
Bought by
Seller's Agent
Dave Naber
Compass - Boulder
Buyer's Agent
Michael Greenwood
RE/MAX of Boulder, Inc
List Price
$1,650,000
Sold Price
$1,600,000
Premium/Discount to List
-$50,000
-3.03%
Views
5

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Outstanding Balance
$1,186,048
Interest Rate
7.13%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 16, 2015
Sold by
Bought by

Purchase Details

Closed on
Dec 8, 1999
Sold by
Bought by

Purchase Details

Closed on
Nov 24, 1999
Sold by
Bought by

Purchase Details

Closed on
Sep 23, 1994
Sold by
Bought by

Purchase Details

Closed on
Dec 27, 1993
Sold by
Bought by

Purchase Details

Closed on
Nov 16, 1993
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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 Buyer Sale Price Title Company
$1,600,000 First American Title
$500 None Available
-- --
-- --
-- --
-- --
-- --
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 Borrower Loan Amount
Open $1,200,000
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
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

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 $10,771 $119,217 $80,947 $38,270
2025 $10,771 $119,217 $80,947 $38,270
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

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Map

Source: IRES MLS

MLS Number: IRE1026668

IRES MLS

APN: 1463-33-1-05-003

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