For Sale Multi-Family MLS# 4892009

2535 Spruce Street

Boulder, CO 80302

$3,200,000

recolorado-bridge logo

About 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

Property details

Property

Type
Quadruplex
MLS type
Residential Income
Status
Active
Year built
1989
Stories
2
Living area
4,280 sqft
Price / sqft
$748
Lot
0.17 AC / 7,240 SF
MLS #
4892009

Interior

Heating
Forced Air
Cooling
Air Conditioning-Room, Central Air
Laundry
In Unit

Exterior & lot

Roof
Composition

Schools

District
Boulder Valley RE 2
Elementary
Whittier Int'l
Middle
Casey
High
Boulder

Utilities

Water
Public
Sewer
Public Sewer

Financial

Annual tax
$13,293
Parcel
R0003308
Special conditions
None Known

Location

Subdivision
Pine Street
County
Boulder

Ask about this property

Questions on 2535 Spruce Street, or want to see it in person?

Listed by Shelby Foster, ERA New Age

Listings courtesy of REColorado. IDX information is 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. The use of REColorado data may be subject to an end user license agreement prescribed by the applicable MLS if any and as amended from time to time. Based on information submitted to the REColorado as of date and time noted. All data is obtained from various sources and may not have been verified by broker or REColorado. 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. Some IDX listings have been excluded from this website. © 2026 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved. 6455 S. Yosemite St., Suite 300, Greenwood Village, CO 80111 USA. Real estate listings held by brokers other than Distinct Real Estate are marked with the IDX Logo. This publication is designed to provide information with regard to the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought. The information contained in this publication is subject to change without notice. METROLIST, INC. MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. METROLIST, INC. SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL. All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin. METROLIST, INC. will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis. ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. The information contained herein including but not limited to all text, photographs, digital images, virtual tours, may be seeded and monitored for protection and tracking. Data displayed may be a portion of, and not a complete set of all listings published in the MLS.