1511 Broadway, Boulder, CO 80302
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1511 Broadway,Boulder, CO 80302
$3,050,000
- - Beds
- - Baths
- 3,582 sq. ft.
- Multi-family
- Active
Listed by:stacy robinson3034643903
Office:robinson investment co., inc.
MLS#:IR1035830
Source:ML
Price summary
- Price:$3,050,000
- Price per sq. ft.:$851.48
About this home
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 has BT-2 zoning - allowing commercial or residential improvements. Currently used as a powerhouse residential rental, this multi-family property 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. Attractive BT-2 zoning which means there is the possibility for commercial development here. Bring you vision and take advantage of the solid residential investment or design a commercial property that will serve this booming area of the Hill for years to come.
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Home facts
- Year built:1907
- Listing ID #:IR1035830
Rooms and interior
- Living area:3,582 sq. ft.
Heating and cooling
- Heating:Hot Water
Structure and exterior
- Roof:Composition
- Year built:1907
- Building area:3,582 sq. ft.
- Lot area:0.16 Acres
Schools
- High school:Boulder
- Middle school:Manhattan
- Elementary school:Flatirons
Utilities
- Water:Public
Finances and disclosures
- Price:$3,050,000
- Price per sq. ft.:$851.48
- Tax amount:$10,311 (2024)
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