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Sold on 08/26/2020

508 Pearl St, Boulder, CO 80302

$2,003,000

Last sold 08/26/2020 for $1.41M

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    bed

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    bath

Multi-family not for sale
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About 508 Pearl St

Property type Multi-family
Neighborhood
Year built 1876
HOA fee $0/month
Lot size 7,841 Sqft
Movoto estimate
Rental estimate
Property description
West Pearl rental property: Four 2 bedroom, 1 bath apartments. Rental income is under market value. Unit occupancy is up to 4 unrelated. Garage and large concrete parking area around back. SmartReg compliant. Minutes from downtown Pearl Street Mall. Lots of potential for this income property. Could consider reverting back to single family home. This property is located in City Of Boulder Historic District.
Listed by
Listing Agent - Gabriele Dech
Listing Agent Contact: 3034491010
Listing Office - Base Real Estate
Source: IRESMLS mls logo
MLS#907074 • last updated 1 year ago
Movoto checked IRESMLS for data 13 minutes ago
Overview
Heating Forced Air, Electronic Air Filter
Levels/Style Two
MLS # 907074
Type Residential Income
Status Sold
SubType Single Family Residence
Lot Size (Acres) 0.18
Annual Tax 7791
Interior
Basement Partial
Exterior
Roof Composition
Construction Frame
Exterior Features Balcony
Patio & Porch Patio
Lot Features Paved, Sidewalks
Amenities / Utilities
Utilities Natural Gas Available
Water Source City
Appliances All Appliances, Fire Alarm
Location
View Hills
County Boulder
Subdivision BOULDER O T East & West & North
Middle School Casey
High School District Boulder Valley Dist RE2
APN R0006231
Multifamily Details
Tenant Pays Deposit, Gas, Electricity
Total # of Units 4
Cap Rate 3.17
Operating Expense 7791
Income Includes Lease/Rents
Gross Income 60060
Lot/ Land Details
Possible Use Single Family, Multi-Family
$2M
Range: $1.36M-$2.64M
Last 30 days 
Rental est.: $1,503/month
Gross rent multiplier: 78.5
  • Jun 2025
    mls logo MLS # IR1035886
  • Jun 4, 2025 Listed
    $3,000,000
  • Jun 2025
    mls logo MLS # 6415945
  • Jun 4, 2025 Listed
    $3,000,000
  • Jun 2025
    mls logo MLS # 1035886
  • Jun 4, 2025 Listed
    $3,000,000 (+112.0%)
  • Dec 2020
    Public Records
  • Dec 23, 2020 Sold
    $1,415,000
  • Aug 2020
    mls logo MLS # 907074
  • Aug 26, 2020 Sold
    $1,415,000
  • Mar 19, 2020 Listed
    $1,650,000
  • Aug 2020
    mls logo MLS # IR907074
  • Aug 26, 2020 Sold
    $1,415,000 (-14.2%)
  • Year Property taxes Tax assessment
  • 2025
    $15,857 -7.1%
    $162,913 -14.51%
  • 2024
    $17,063 +1.8%
    $190,568 +131.61%
  • 2023
    $16,757 +108.9%
    $82,280
  • 2022
    $8,020 +3.5%
    $82,280 -25.03%
  • 2021
    $7,747 -18.9%
    $109,753
  • 2020
    $9,553 +39.5%
    $109,753
  • 2015
    $6,847
    —
  • 508 Pearl St
    $1.41M
  • Downtown Boulder
    $984K -19% y/y
  • 80302
    $1.35M -15% y/y
  • Boulder
    $998K -33% 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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