1511 Broadway Active Save Request In-Person Tour Request Virtual Tour
Boulder,CO 80302
Key Details
Property Type Single Family Home
Sub Type Income Property
Listing Status Active
Purchase Type For Sale
Subdivision Grand View Heights
MLS Listing ID 1035830
Year Built 1907
Annual Tax Amount $10,311
Lot Size 6,969 Sqft
Property Sub-Type Income Property
Property Description
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 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. With strong rental history, prime location, and opportunities for value-add improvements, this is a sophisticated, income-producing asset in one of Boulder's most sought-after neighborhoods.
Location
State CO
County Boulder
Area Boulder
Zoning 4-plex
Interior
Heating Hot Water
Laundry Washer/Dryer Hookups
Exterior
Exterior Feature Lighting,Balcony
Parking Features Alley Access
Utilities Available Natural Gas Available,Electricity Available,Cable Available
Roof Type Composition
Building
Lot Description Curbs,Gutters,Sidewalks
Story 3
Water City Water,City of Boulder
Structure Type Wood/Frame
New Construction false
Schools
Elementary Schools Flatirons
Middle Schools Manhattan
High Schools Boulder
School District Boulder Valley Dist Re2
Others
Special Listing Condition Private Owner