- 12
- beds
- 4,280
- sqft
- 1989
- year built
- Status:
- Active
- MLS #:
- 4892009
- Neighborhood:
- Pine Street
- County:
- Boulder
- Listed By:
- Shelby Foster - ERA New Age
- Agent Phone:
- (720) 387-5262
- Agent Email:
- shelby@newagere.com
Sponsoring Broker: Derek Eisenberg, Continental Real Estate Group, Inc
Exceptional investment opportunity in one of Boulder’s most sought-after locations. Situated just minutes from Downtown Boulder, this well-maintained fourplex offers a rare combination of strong in-place income, long-term appreciation potential, and value-add upside in a market where multifamily inventory is exceedingly limited. The property consists of four spacious 3-bedroom, 1.5-bathroom units with highly functional floor plans that continue to attract quality tenants year after year. Each unit features generous living space, private entrances, and layouts designed for long-term rental appeal. Off-street parking, on-site laundry, and mature landscaping further enhance tenant satisfaction and retention. Located in the heart of Boulder, residents enjoy convenient access to Pearl Street, the University of Colorado, Google's Boulder campus, 29th Street, extensive bike paths, public transit, and countless outdoor recreation opportunities. The property's central location supports consistent rental demand and minimizes vacancy risk. Current rents provide immediate income with additional upside potential through future renovations, operational efficiencies, or market rent adjustments. Whether you're looking to expand an existing portfolio, complete a 1031 exchange, or secure a premier asset in one of Colorado's strongest rental markets, this is an opportunity to acquire a high-demand multifamily property with both stability and growth potential. Investment Highlights: • Four 3-bedroom, 1.5-bathroom units • Prime central Boulder location • Strong and consistent rental demand • Value-add and rental growth potential • Off-street parking and on-site laundry • Proximity to CU Boulder, Google, Pearl Street, and major employment centers • Excellent walkability, bikeability, and transit access • Rare multifamily asset in a supply-constrained market
Highlights
- Residential Income
- Quadruplex
- Built in 1989
- 0.17 Acre Lot
- 160 days on Market
-
- Bedrooms
- 12
-
- Year Built
- 1989
-
- Construction Materials
- Frame
-
- Living Area
- 4280.0
-
- Cooling
- Central Air
-
- Heating
- Forced Air
-
- Acres
- 0.17
-
- Water
- Public
-
- County
- Boulder
-
- City
- Boulder
-
- Neighborhood
- Pine Street
-
- Zip Code
- 80302
-
- High School
- Boulder
-
- Middle School
- Casey
-
- Elementary School
- Whittier Int'l
-
Nearby Schools
-
55out of 100
-
72out of 100
-
50out of 100
-
53out of 100
-
50out of 100
-
99out of 100
-
28out of 100
-
54out of 100
-
75out of 100
-
54out of 100
Disclaimer: ez Home Search School Ratings are on a scale of 1-100 and represent our evaluation of school quality based on academic performance, school resources, community feedback, and demographic factors. School attendance boundaries are for reference only. Contact the school directly to verify enrollment eligibility.
-
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Estimated Value
$2,458,419
$1,966,735 - $2,950,102
Source: Constellation Data Labs
Price History
| 06/08/2026 | Listed | $3,200,000 |
| Source: IRES MLS #4892009 | ||
| 06/08/2026 | Listed | $3,200,000 |
| Source: REcolorado #4892009 | ||
| 12/05/2025 | Off Market | — |
| Source: IRES MLS #6522469 | ||
| 08/21/2025 | Off Market | — |
| Source: REcolorado #IR1041974 | ||
| 08/21/2025 | Off Market | — |
| Source: IRES MLS #1041974 | ||
| 08/21/2025 | Off Market | — |
| Source: IRES MLS #1041974 | ||
| 08/21/2025 | Off Market | — |
| Source: REcolorado #6522469 | ||
| 04/29/2022 | Sold | $2,800,000 |
| Source: IRES MLS #951923 | ||
| 09/26/2021 | Listed | $2,900,000 |
| Source: IRES MLS #951923 | ||
| 09/26/2021 | Off Market | — |
| Source: REcolorado #IR951923 | ||
| 09/26/2021 | Off Market | — |
| Source: IRES MLS #951923 | ||
| 06/07/2015 | Off Market | — |
| Source: IRES MLS #765768 | ||
Source: MLS Data
Deed History
| 05/03/2022 | Warranty Deed | $2,800,000 |
| 09/03/2015 | Warranty Deed | $1,152,000 |
| 10/13/2004 | Intrafamily Transfer - Transaction is between related parties for any reason & no consideration. | $0 |
Source: Public records via Constellation Data Labs
Mortgage History
| 01/03/2023 | Coventional | $2,107,500 |
| 12/17/2019 | Unknown | $0 |
| 02/03/2017 | Commercial | $1,052,700 |
| 10/23/2015 | Commercial | $115,000 |
| 09/03/2015 | Commercial | $864,000 |
| 05/22/2014 | Commercial | $200 |
| 04/25/2007 | Negative Amortization | $535,500 |
| 02/08/2007 | Commercial | $4,750,000 |
Source: Public records via Constellation Data Labs
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Frequently Asked Questions
How do I schedule a tour of 2535 Spruce St?
We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 2535 Spruce St.
They know residential incomes in the area well and can give you the guidance you need to buy with confidence.
How do I get more information about 2535 Spruce St?
Click Ask a Question to talk with our team. You already know it is a 12 bed, N/A bath, listed for $3,200,000. We can talk through recent upgrades, potential seller motivation, how this quadruplex compares to others in Boulder, and can even get you in to see the property quickly.
How much is the monthly mortgage payment for 2535 Spruce St?
With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 2535 Spruce St at around $19,318. This includes estimated property taxes and insurance.
Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.
How do I get pre-approved to buy 2535 Spruce St?
Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.
Or, let us connect you with our preferred local lender in Boulder County. They will give you all of your available financing options, based on your specific situation and what is available to you.
Can I negotiate the asking price for 2535 Spruce St?
In most cases, yes. Whether 2535 Spruce St is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Boulder's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.
How do I make an offer on 2535 Spruce St?
We can handle that for you. Our preferred local agent specializes in residential incomes in Boulder and can guide you through every step of the offer process.
You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.
What is the price per square foot for this home?
This home is listed at $3,200,000 with 4,280 sqft of space—that comes out to approximately $748 per square foot.
How long has this property been on the market?
2535 Spruce St was listed on June 08, 2026, which means it's been on the market for 160 days.
Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.
When was this house built?
This home was built in 1989, making it approximately 37 years old.
What is the lot size of this property?
2535 Spruce St sits on a 0.17-acre lot, which is 7,405 square feet.
What schools are assigned to this property?
Based on MLS info, this home is zoned for:
- Elementary: Whittier Int'l
- Middle: Casey
- High: Boulder
Want to see how these schools compare? Check out our Boulder County School Guide to see ratings, reviews, and more for the schools in the area.
What are the property taxes for 2535 Spruce St?
The most recent public record shows annual property taxes for 2535 Spruce St were approximately $13,293. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.
Is 2535 Spruce St still available for sale?
Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.
Source: ez Home Search, MLS Data
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Listing information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. Copyright 2026, REcolorado. All rights reserved.
Last Updated: November 15, 2026 at 09:02AM | Source: REcolorado | MLS#: 4892009
