724 Mead Street, Louisville, CO 80027
Local realty services provided by:ERA New Age
Upcoming open houses
- Sat, Jul 1112:00 pm - 02:00 pm
Listed by: marie jacobs
Office: liv sotheby's intl realty
MLS#:IR1063078
Source:ML
Price summary
- Price:$900,000
- Price per sq. ft.:$509.92
About this home
Old Town Louisville's Rare Income-Producing Opportunity
Invest in one of Louisville's most sought-after neighborhoods with this exceptional duplex offering immediate rental income, long-term appreciation, and outstanding flexibility. Whether you're expanding your investment portfolio or looking to live in one unit while generating income from the other, this property delivers a rare opportunity in the heart of Old Town.
Each residence features 2 bedrooms, 1 bathroom, private laundry, and its own fully fenced backyard, providing the privacy and amenities today's tenants value. The property has been meticulously maintained with numerous capital improvements, including a new roof and ridge vents (2018), two new furnaces (2020), central air conditioning in Unit #724, updated water heaters (2021), and recent renovations to Unit #724 featuring new flooring, carpet, paint, and an updated bathroom.
Situated on an exceptionally deep 175-foot lot, the property offers future potential to add a detached two-car garage, increase parking, or explore additional possibilities (subject to city approval). With a cap rate just under 5%, a strong rental history, and virtually no vacancy, this is a proven income-producing asset in one of Boulder County's most desirable communities.
Location is everything, and this property truly delivers. Just two blocks from Community Park, you'll enjoy summer concerts, Movies in the Park, walking trails, a pond, and a popular dog park. Historic Downtown Louisville is only a short stroll away, offering award-winning restaurants, boutique shopping, coffee shops, seasonal events, and one of Colorado's most beloved farmers markets.
Unit #726 is currently leased through December 2026, providing immediate rental income, with the tenant open to discussing a lease buyout or renewal. Whether you're seeking a turnkey investment, a house-hacking opportunity, or a property with future upside, this Old Town Louisville duplex offers the location, stability, and versatility that rarely come to market....
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Home facts
- Year built:1985
- Listing ID #:IR1063078
Rooms and interior
- Kitchen Description:Dishwasher, Oven, Refrigerator
- Basement:Yes
- Living area:1,765 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Forced Air
- Central air:Yes
Structure and exterior
- Roof:Composition
- Year built:1985
- Building area:1,765 sq. ft.
- Lot area:0.15 Acres
- Construction Materials:Frame
- Levels:2 Story
Schools
- High school:Monarch
- Middle school:Louisville
- Elementary school:Louisville
Utilities
- Water:Public
Finances and disclosures
- Price:$900,000
- Price per sq. ft.:$509.92
- Tax amount:$4,486 (2025)
Parking
- Total parking spaces:6
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