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Sold on 01/15/2019

3460 Madison Ave, Boulder, CO 80303

$4,213,000

Last sold 01/15/2019 for $2.75M

  • —

    bed

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    bath

Multi-family not for sale
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About 3460 Madison Ave

Property type Multi-family
Neighborhood
Year built 1967
HOA fee $0/month
Lot size 0.34 Acre
Movoto estimate
Rental estimate
Property description
12 Unit Multifamily in Fantastic Location Close to CU. Standard 1-Bed Units w/ Consistent Floor Plans, Large Living Spaces, Vaulted Ceilings, Skylights, Lots of Closet Space, Full Baths, W/D's in Unit, Patios. Current Average/Unit $1,280/Month w/ New Leases $1,365 & Potential to Increase to $1,375 & Charge Parking, Pets, Storage & Utils. Many Tenants Long-Term. Mostly Grad Students & Professionals. 14 Parking Spaces & Exterior Storage Units. Newer Windows, 5-Year-Old Furnaces & H2O Heaters.
Listed by
Listing Agent - Michael-Ryan McCarty
Listing Agent Contact: 3034421040
Listing Office - Gibbons-White, Inc.
Source: IRESMLS mls logo
MLS#865241 • last updated 1 year ago
Movoto checked IRESMLS for data 23 minutes ago
Overview
Heating Forced Air, Individual Heat Source
Levels/Style Two
MLS # 865241
Type Residential Income
Status Sold
SubType Single Family Residence
Lot Size (Acres) 0.34
Annual Tax 12784
Interior
Basement None
Window Features Skylight(s)
Interior Features Eat-in Kitchen, Cathedral Ceiling(s), Open Floorplan, Washer/Dryer Hookup, Skylights, Outside Entry
Exterior
Roof Composition
Construction Frame
Patio & Porch Patio
Lot Features Abuts Ditch, City Limits
Amenities / Utilities
Utilities Natural Gas Available, Electricity Available, Separate Meter Electricity, Separate Meter Gas
Sewer/ Septic Public Sewer
Electricity Xcel
Water Source City
Appliances Electric Range, Dishwasher, Refrigerator, Washer, Dryer, Microwave, All Appliances, Disposal
Location
County Boulder
Subdivision West View Gardens
Middle School Manhattan
High School District Boulder Valley Dist RE2
APN R0013539
Directions From 30th St And Colorado Ave, South To Madison Ave, East To Property.
Multifamily Details
Tenant Pays Deposit, Gas, Electricity
Total # of Units 12
Cap Rate 5.03
Operating Expense 46983
Income Includes Lease/Rents
Gross Income 198000
Lot/ Land Details
Possible Use Single Family, Multi-Family
$4.21M
Range: $2.9M-$5.51M
Last 30 days 
Rental est.: $1,709/month
Gross rent multiplier: 134.1
  • May 2025
    mls logo MLS # 1033874
  • May 13, 2025 Listed
    $5,200,000 (+89.1%)
  • Jan 2019
    Public Records
  • Jan 16, 2019 Sold
    $2,750,000
  • Jan 2019
    mls logo MLS # 865241
  • Jan 15, 2019 Sold
    $2,750,000 (-8.3%)
  • Oct 23, 2018 Listed
    $3,000,000
  • Year Property taxes Tax assessment
  • 2025
    $23,814 +0.6%
    $239,601 -7.36%
  • 2024
    $23,678 +1.9%
    $258,647 -1.4%
  • 2023
    $23,237 +19.8%
    $262,332 +31.67%
  • 2022
    $19,402 +2.5%
    $199,240 +11.46%
  • 2021
    $18,932 +21.7%
    $178,751
  • 2020
    $15,559 +35.4%
    $178,751
  • 2015
    $11,492
    —
  • 3460 Madison Ave
    $2.75M
  • East Aurora
    $715K -1% y/y
  • 80303
    $725K -30% y/y
  • Boulder
    $998K -33% y/y
No chart available
Statistics calculated by Movoto

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10/10
Fairview High School
public Grades 9-12
Boulder Valley Re 2 School District
Source: GreatSchools.org © 2026. All rights reserved.

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