1511 Broadway Active Save Request In-Person Tour Request Virtual Tour
Boulder,CO 80302
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,582 sqft
Price per Sqft $851
Subdivision Grand View Heights
MLS Listing ID IR1035830
HOA Y/N No
Year Built 1907
Annual Tax Amount $10,311
Tax Year 2024
Lot Size 7,056 Sqft
Acres 0.16
Property Sub-Type Quadruplex
Source recolorado
Property Description
Back on the market due to buyer financing - not due to any fault of the seller or the property. This rare investment opportunity on Boulder's coveted Hill is listed well below its recent $3.46 million appraisal. An exceptional performer with 7.09 CAP rate and 13.09 GRM, the property has a flawless occupancy record and secured rental income through August 2026. The property is ideally positioned just a one block to CU Boulder and 5 blocks to Pearl Street, directly across from the brand new beautifully curated Limelight Hotel & Conference Center. Set on an expansive lot stretching from Broadway to the alley, the property offers unparalleled outdoor space and convenience with parking for 10+ vehicles. The exterior has been freshly painted, with new decking on the covered front porch and a flagstone patio perched above Broadway. A spacious rear patio and an upper-level balcony provide additional outdoor living options. Inside, the residence functions beautifully as a legal 4-plex yet lives like a grand single home. Currently configured as 12 bedrooms, 4 bathrooms, and 3 kitchens across three levels - each with its own kitchen - there's ample flexibility to tailor the layout to your vision. A substantial living room offers the potential for an additional bedroom or entertainment space. Recent updates include a new water heater (2024), two new washers and dryers in the shared laundry, and durable hard-surface flooring in common areas. With strong rental history, prime location, and opportunities for value-add improvements, this is a sophisticated, income-producing asset in one of Boulder's most sought-after neighborhoods.
Location
State CO
County Boulder
Zoning 4-plex
Interior
Heating Hot Water
Fireplace N
Appliance Dishwasher,Disposal,Dryer,Oven,Refrigerator,Washer
Laundry In Unit
Exterior
Exterior Feature Balcony
Utilities Available Cable Available,Electricity Available,Internet Access (Wired),Natural Gas Available
Roof Type Composition
Total Parking Spaces 10
Building
Water Public
Level or Stories Three Or More
Structure Type Frame
Schools
Elementary Schools Flatirons
Middle Schools Manhattan
High Schools Boulder
School District Boulder Valley Re 2
Others
Ownership Individual
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional