938 Kelly Place, Longmont, CO 80501

Longmont
Local realty services provided by:ERA Shields Real Estate
938 Kelly Place,Longmont, CO 80501
$530,000
Virtual Tour
  • - Beds
  • - Baths
  • 2,080 sq. ft.
  • Multi-family
  • Active
Listed by: katie muller
Office: re/max of boulder, inc
MLS#:IR1058785
Source:ML

Price summary

  • Price:$530,000
  • Price per sq. ft.:$254.81

About this home

Some investment listings make you do the math. This one makes the math obvious. Two units, two garages, two private backyards (with sprinklers!), and 21 years of rental history with a combined 11 weeks of vacancy - read that again. Projected rents land between $3,600 and $3,700 a month combined, putting this at a 6.7% cap rate at list. For investors, that's already worth a call. For house-hackers, it's better: live in one side, let the other side's $1,850 cover most of your mortgage, and build equity on someone else's rent check. Both tenants vacate by August 1 - the new owner walks into a clean slate to re-lease at market, move in, or both. The 938 side has newer floors, windows, a Nest thermostat, AC, and a new water heater. The 940 side has new can lights, switches, and a 2020 water heater. A rare find with versatility, value, and strong upside in a desirable location!

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Home facts

  • Year built:1977
  • Listing ID #:IR1058785

Rooms and interior

  • Kitchen Description:Dishwasher, Disposal, Eat-in Kitchen, Oven
  • Basement:Yes
  • Living area:2,080 sq. ft.

Heating and cooling

  • Cooling:Ceiling Fan(s), Central Air
  • Heating:Forced Air
  • Central air:Yes

Structure and exterior

  • Roof:Composition
  • Year built:1977
  • Building area:2,080 sq. ft.
  • Lot area:0.22 Acres
  • Lot Features:Level
  • Construction Materials:Brick
  • Exterior Features:Patio
  • Levels:1 Story

Schools

  • High school:Longmont
  • Middle school:Longs Peak
  • Elementary school:Northridge

Utilities

  • Water:Public

Finances and disclosures

  • Price:$530,000
  • Price per sq. ft.:$254.81
  • Tax amount:$3,607 (2025)

Features and amenities

  • Laundry features:In Unit
  • Amenities:Smoke Detector(s), Window Coverings

Parking

  • Total parking spaces:2
MLS LogoBased on information submitted to the MLS GRID as of June 25, 2026 04:37 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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