USACOBoulderBoulder O T East & West & North1938 Spruce St

1938 Spruce St, Boulder, CO

Name: 1938 Spruce St, Sold in Boulder - Zoocasa
Brand: RE/MAX Alliance
SKU: 5201743
Price: 2175000 USD

House

Sold

Listed price in listed location currency (USD).

$1,875,000

$2,175,000

005

MLS® 5201743

Overview

Key Facts

Type Multi Family

Levels Commercial Sale

Size -

Garage

Taxes $12,812

Lot Size

Approx. Age 1934

MLS® Number 5201743

Property Address: 1938 Spruce St, Boulder, CO, 80302-4451

Average square foot calculated using Size range provided by listing agent.

Description

A rare opportunity to secure a generational asset in one of Boulder’s 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.

MLS® Number5201743

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1934

Basement

Driveway

Garage Spaces

Heat

A/C

Extras

Map

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For listings in Canada, the trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

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