IRES MLS #: 1035830

Exceptional Investment Opportunity on The Hill – Listed Below $3.46M Appraisal

This fully leased 4-plex is located in one of Boulder’s most sought-after areas—The Hill—just one block from CU Boulder and five blocks from Pearl Street. Offering both immediate income and long-term upside, this property is a proven performer with a history of zero vacancy and a long-term tenant pipeline. Excellent CAP rate at 7.09 and a 13.09 GRM.

Currently leased at strong rental rates through August 2026, the property still offers room for increased value through strategic upgrades or configuration changes. Zoned as a legal 4-plex, it functions like a large grand residence, comprising 12 bedrooms, 4 bathrooms, and 3 full kitchens spread across three distinct levels:

• Main Level: 3 bedrooms

• Upper Level: 5 bedrooms

• Lower Level: 4 bedrooms
  Each level includes its own kitchen, and tenants share a dedicated laundry area with two washers and dryers in the basement.

Recent updates include new exterior paint and new decking on both the covered front porch and private top-level balcony, which overlooks the expansive backyard. The lot spans from Broadway to the alley, offering ample off-street parking for at least 10 vehicles via a long driveway and alley access.

Outdoor amenities include:

• A grassy front yard with flagstone patio perched above Broadway

• A large cemented rear patio—a popular space for student gatherings

• Three bedrooms with private exterior entrances, providing flexibility and privacy

Interior finishes include hard surface flooring (laminate and tile) in common areas, and carpet in bedrooms. A new water heater was installed in 2024.

Located directly across from the beautifully curated Limelight Boulder Hotel & Conference Center , this property benefits from increasing neighborhood value and walkability. Whether you’re looking for stable cash flow or an opportunity to enhance and expand, this is a rare find in an irreplaceable location.

Bring your creativity and vision to maximize the full potential of this high-demand Boulder investment property.

This property was listed by Robinson Investment Company and sold by The Muller Team with MileHi  Modern.