$1,399,000

Estimated payment $8,112/month

Total Views 54
6 Beds
4 Baths
3,525 Sq Ft
$397 Price per Sq Ft

Highlights

  • Open Floorplan
  • No HOA
  • 1-Story Property
  • Eisenhower Elementary School Rated A
  • Patio
  • Baseboard Heating

About This Home

Opportunity meets upside in this rare tri-plex investment property in the highly desirable Frasier Meadows neighborhood of Boulder. Ideally located just minutes from University of Colorado Boulder (Go Buffs!), this income-producing property offers strong rental appeal in one of Boulder's most sought-after areas. All three units are currently leased, providing immediate, consistent income from day one. Tenants enjoy a unique set of features rarely found in multi-family properties: each unit includes its own covered carport parking space, a private storage closet, and a fenced yard with direct access-an ideal setup for privacy, pets, and outdoor living. While the property is being sold in as-is condition, it presents an excellent opportunity for updates & improvements for a cash buyer, the fundamentals are already in place for a savvy investor to add value and maximize returns. With Boulder's consistently strong rental market and proximity to shopping, dining, parks, and convenient transportation options, this tri-plex is perfectly positioned for long-term appreciation and cash flow growth. Whether you're looking to renovate, reposition, or simply hold as a solid income property, this is a compelling opportunity for a cash buyer to invest in a prime Boulder location with built-in demand and undeniable potential.

Listing Agent

Lisa Wade

RE/MAX of Boulder, Inc Brokerage Phone: 3034497000 License #1320760 Listed on: 04/10/2026

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,716

Year Built

  • Built in 1963

Lot Details

  • 11,326 Sq Ft Lot
  • Fenced
  • Level Lot

Parking

  • 3 Parking Spaces

Home Design

  • Composition Roof

Interior Spaces

  • 3,525 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Window Treatments
  • Dishwasher

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Patio

Schools

  • Meadowlark K-8 Elementary School
  • Manhattan Middle School
  • Fairview High School

Utilities

  • Baseboard Heating
  • Hot Water Heating System

Listing and Financial Details

  • Assessor Parcel Number R0015156

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Frasier Meadows Subdivision, Tri Plex Floorplan

Building Details

  • Gross Income $79,354
  • Net Operating Income $61,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,716

Year Built

Built in 1963

Lot Details

0.26 Acres

Listing Details

  • Year Built: 1963
  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.26
  • Subdivision Name: Frasier Meadows
  • Directions: google maps
  • Unit Levels: One
  • New Construction: No
  • Attribution Contact: 3034497000
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Multi-Family
  • Appliances: No Units Furnished, Electric Range, Dishwasher, Refrigerator
  • Has Basement: None
  • Total Bedrooms: 6
  • Interior Amenities: Open Floorplan
  • Window Features: Window Coverings

Exterior Features

  • Roof: Composition
  • Fencing: Fenced
  • Lot Features: Deciduous Trees, Level, House Faces South, Paved, Curbs, Gutters
  • Waterfront: No
  • Disclosures: None
  • Construction Type: Frame, Brick
  • Patio And Porch Features: Patio

Garage/Parking

  • Total Parking Spaces: 3

Utilities

  • Electric: Xcel Energy
  • Heating: Hot Water, Baseboard
  • Utilities: Natural Gas Available, Electricity Available
  • Sewer: Public Sewer
  • Water Source: City

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Meadowlark K-8
  • HighSchool: Fairview
  • Junior High Dist: Boulder Valley Dist RE2
  • Middle Or Junior School: Manhattan

Lot Info

  • Zoning: res
  • Land Lease Amount Frequency: Fixed Term
  • Parcel #: R0015156
  • Irrigation Water Rights: No

Rental Info

  • Tenant Pays: None

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 7716

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 79354
  • 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

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 $7,868 $78,381 $47,331 $31,050
2024 $7,868 $78,381 $47,331 $31,050
2023 $7,724 $86,839 $57,600 $32,924
2022 $6,273 $65,130 $40,310 $24,820
2021 $6,120 $68,483 $42,385 $26,098
2020 $5,580 $64,100 $34,535 $29,565
2019 $5,494 $64,100 $34,535 $29,565
2018 $5,173 $59,666 $32,472 $27,194
2017 $5,011 $65,965 $35,900 $30,065
2016 $4,664 $53,874 $23,960 $29,914
2015 $4,416 $48,476 $22,296 $26,180
2014 $4,076 $48,476 $22,296 $26,180
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/10/2026 04/10/26 For Sale $1,399,000 -- $397 / Sq Ft
Source: IRES MLS

Source: IRES MLS

MLS Number: IRE1056171

IRES MLS
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