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Sold on 08/21/2023

1925 Spruce St, Boulder, CO 80302

  • $1,074,000

    Last sold 08/21/2023 for $900K

  • —

    bed

  • —

    bath

Multi-family not for sale
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About 1925 Spruce St

Property type Multi-family
Neighborhood
Year built 1942
HOA fee $0/month
Lot size 6,970 Sqft
Movoto estimate
Rental estimate
Property description
Perfectly positioned within Whittier, this property presents an ideal opportunity for rental income and investment. Comprised of three separate legal, nonconforming residences, this property offers upside possibilities for crafting a personalized vision in a coveted location. The first, front-facing residence A features two bedrooms complemented by a bathroom. Two attached, rear residences, B + C, each feature one bedroom and one bathroom. All 3 units have freestanding, wood-burning fireplaces, electric range ovens and dishwashers. Each residence has separate utilities and parking spaces located off the alley. Quaint yards present space for enjoying the outdoors or for pets to run and play. Residence A is currently available and residences B + C are leased up to July 30 2023. Tenants pay gas + electric and are billed back for water, sewer and trash. Situated in a desirable downtown location near East Pearl District and Pearl Street mall, this property is brimming with potential.
Listed by
Listing Agent - John McElveen
Listing Agent Contact: 3038761073
Listing Office - milehimodern - Boulder
Source: IRESMLS mls logo
MLS#988108 • last updated 8 months ago
Movoto checked IRESMLS for data 19 minutes ago
Overview
Heating Forced Air
Levels/Style One, Cottage, Fixer-Upper, Legal Non-conforming
MLS # 988108
Type Residential Income
Status Sold
SubType Multi Family
Lot Size (Acres) 0.16
Annual Tax 6678
Interior
Basement None
Fireplace Desc Free Standing
Accessibility Features Level Lot, Main Floor Bath, Main Level Bedroom
Window Features Window Coverings
Interior Features Open Floorplan
Exterior
Roof Composition
Construction Frame
Lot Features Level, Paved, Curbs, Gutters, Sidewalks, Street Light, Alley, Fire Hydrant Within 500 Feet
Other Structures Storage
Fencing Partial, Fenced, Wood
Amenities / Utilities
Green Features: Energy Efficiency Southern Exposure
Utilities Natural Gas Available, Electricity Available, Separate Meter Electricity, Separate Meter Gas
Sewer/ Septic Public Sewer
Electricity Xcel
Water Source City, District
Appliances Gas Range, Dishwasher, Refrigerator
Location
View Hills
County Boulder
Subdivision Boulder O T East & West & North
Middle School Casey
High School District Boulder Valley Dist RE2
APN R0004698
Multifamily Details
Tenant Pays Deposit, Gas, Electricity, Water, Sewer, Trash Collection
Total # of Units 3
Cap Rate 3.9
Operating Expense 14858
Income Includes Lease/Rents
Gross Income 59820
Lot/ Land Details
Possible Use Multi-Family
Road Frontage City Street
Road Surface Asphalt
$1.07M
Range: $837K-$1.31M
Last 30 days 
Rental est.: $1,524/month
Gross rent multiplier: 62.9
  • Aug 2023
    mls logo MLS # 988108
  • Aug 21, 2023 Sold
    $900,000 (-21.7%)
  • Jun 23, 2023 Price Change
    $1,150,000 (-12.8%)
  • May 18, 2023 Listed
    $1,319,000
  • May 2023
    mls logo MLS # IR988108
  • May 18, 2023 Listed
    —
  • 1925 Spruce St
    $900K
  • Whittier
    $1.07M -17% y/y
  • 80302
    $1.37M -8% y/y
  • Boulder
    $999K -31% y/y
No chart available
Statistics calculated by Movoto

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7/10
Whittier Elementary School
public Grades K-5
Boulder Valley Re 2 School District
4/10
Casey Middle School
public Grades 6-8
Boulder Valley Re 2 School District
8/10
Boulder High School
public Grades 9-12
Boulder Valley Re 2 School District
Source: GreatSchools.org © 2026. All rights reserved.

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