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2535 Spruce Street, 
Boulder, CO 80302

$3,200,000


12

Beds


8

Baths


4,280

Sq Ft


Multi-Family

Active

Listed by

Shelby Foster

The Roberts Team

ERA New Age

MLS#

4892009

Source:

ML

About This Home

2535 Spruce Street

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

Home Facts

Multi-Family

8 Baths

12 Bedrooms

Built in 1989

Price Summary

3,200,000

$747 per Sq. Ft.

MLS #:

4892009


Rooms & Interior

Bedrooms

Total Bedrooms:

12

Bathrooms

Total Bathrooms:

8

Interior

Living Area:

4,280 Sq. Ft.


Structure

Structure

Building Area:

4,280 Sq. Ft.

Year Built:

1989


Lot

Lot Size (Sq. Ft):

7,240


Finances & Disclosures

Finances

Price:

$3,200,000

Price per Sq. Ft:

$747 per Sq. Ft.

MLS Logo
Based on information submitted to the MLS GRID as of June 24, 2026 03:32 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.