SQUARE FEET3,800
MLS#5201743
STATUSActive
PROPERTY TYPECommercial - Business
Listing Courtesy of:
RE/MAX Alliance
Agency Contact: 303-543-5720
Property Description
A rare opportunity to secure a generational asset in one of Boulders most tightly held markets. This 5-plex offers a unique combination of scale, flexibility, and location that is increasingly difficult to replicate, making it well-suited for long-term ownership and wealth preservation.The property is configured with a detached single-family residence at the front and a separate four-unit building at the rear, creating a layout that enhances privacy, tenant appeal, and optionality for future use. The unit mix includes one one-bedroom and four two-bedroom units, aligning with consistent demand drivers in the Boulder market.With leases in place through July 2026, the property provides stable, predictable income from day one. Several units have already been thoughtfully updated, allowing the next owner to benefit from a well-maintained asset while preserving the ability to make strategic improvements over time.Positioned near downtown Boulder and the University of Colorado, and surrounded by the amenities that define the Boulder lifestyle, this property sits in a location where demand has proven durable across market cycles. Five off-street parking spaces further enhance tenant convenience and long-term desirability.For buyers focused on long-term wealth creation, this is less about chasing short-term yield and more about owning a scarce, income-producing asset in a supply-constrained market that has historically rewarded patience and disciplined ownership.
Property Features
Property Type: Commercial - Business
Home Style: Bungalow, Contemporary
Lot Size: 0.17 Acres
Roof Type: Composition
Stories: 2.0
Taxes: $12,812
Year Built: 1934
Feature Descriptions
Building Features: Laundry, Storage
Days on Site: 4
Exterior: Brick, Frame
Lot: Corner Lot
Parcel#: R0006472
Sewer: Public Sewer
Units: 5
Water: Public
Listed By / Shown By
Listed By
Agency Name: RE/MAX Alliance
Agency Contact: 303-543-5720
Shown By
Agent Name: Coreena Dones
Agent Phone: Cell: (720) 425-0851
Agency Title: The Cutting Edge, Realtors
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1938 Spruce Street | MLS# 5201743
This commercial property located at 1938 Spruce Street , Boulder, CO 80302 is currently listed for sale with an asking price of $2,175,000. Search Boulder real estate on www.coreenacolorado.com today.