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1034 Spruce St 5 Unit Apartment Building $1,735,000 ($347,000/Unit) Boulder, CO 80302
Investment Highlights
- 5 Units: 2 - Dwelling Units, 2 - Two Bed Units, 1 - 3 Bed Unit
- 10 onsite parking spaces ($450/month included above)
- Value-add opportunity with the best location, seriously
- Base Rents $135,660 (2026-2027 School Year)
- 1 Block from the Pearl Street Mall
Executive Summary
Spruce up your multi-family portfolio with this outstanding 5-unit investment opportunity, ideally situated in the heart of Downtown Boulder, CO. Located just a block from the bustling Pearl Street Mall, 1034 Spruce Street is perfectly positioned to capitalize on its prime downtown location. Already fully pre-leased for the '26-’27 school year, this property is ripe for upgrades and promises significant growth potential.
Property Facts
| Price | $1,735,000 | Apartment Style | Low-Rise |
| Price Per Unit | $347,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| No. Units | 5 | Building Size | 3,464 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1920 |
| Zoning | MUH - MUH | ||
| Price | $1,735,000 |
| Price Per Unit | $347,000 |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 3,464 SF |
| No. Stories | 2 |
| Year Built | 1920 |
| Zoning | MUH - MUH |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | - |
| 2+1 | 2 | - | - |
| 3+2 | 1 | - | - |
1 1
Very walkable
80/100
Very drivable
80/100
Good public transit
70/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 1463303-21-002 | Improvements Assessment | $63,581 |
| Land Assessment | $56,013 | Total Assessment | $119,594 |
Property Taxes
Parcel Number
1463303-21-002
Land Assessment
$56,013
Improvements Assessment
$63,581
Total Assessment
$119,594
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1034 Spruce St
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