1938 Spruce St, Boulder, CO 80302
Property image
Property image
SOLD
MAY 29, 2026

1938 Spruce St
Boulder, CO 80302

Whittier
  • 9 Beds
  • 5 Baths
  • 3,800 sqft

$1,875,000

Last Sold: May 29, 2026
14% below list $2.17M
$493/sqft
Est. Refi. Payment $10,532/mo*

$1,875,000

Last Sold: May 29, 2026
14% below list $2.17M
$493/sqft
Est. Refi. Payment $10,532/mo*
9 Beds
5 Baths
3,800 sqft

Local Information

  • Map ViewExplore the area around 1938 Spruce St.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Multi-Family
Year Built
1934
Living Area
3,800 sqft
Price/Sqft
$493/sqft
Parking
5 Parking Spaces

About this House

Exceptional opportunity to acquire a well-located 5-plex in the heart of Boulder offering substantial upside to market rents and the ability to reduce operating expenses, with the benefit of leases in place through July 2026 providing near-term income stability. Opportunities with this combination of location, unit mix, and flexibility are increasingly rare in Boulder's supply-constrained market.The property consists of a detached single-family residence in the front and a four-unit building in the rear, creating privacy, operational flexibility, and strong tenant appeal. The unit mix is ideally suited to Boulder's rental demand, comprising one one-bedroom unit, and four two-bedroom units. Several units have been recently remodeled, positioning the property for future rent growth while limiting immediate capital expenditures.With five off-street parking spaces and a central location near downtown Boulder, the University of Colorado, dining, and trail systems, the property benefits from consistently strong rental demand. Current leases run through July 2026, offering predictable cash flow while creating a clear runway for a buyer to implement a thoughtful rent and expense optimization strategy at rollover.This offering represents a rare chance to secure a scalable Boulder multifamily asset with in-place income, long-term appreciation potential, and compelling value-add upside.
1938 Spruce St, Boulder, CO 80302 is a 9 bedroom, 5 bathroom, 3,800 sqft multi-family in Whittier, built in 1934. It last sold for $1,875,000 on May 29, 2026 (14% below the $2,175,000 asking price). It is currently off market. The Trulia Estimate is $1,868,000, with a rent estimate of $2,990/month.

Home Details for 1938 Spruce St

Interior Features

Interior Details
Basement: None
Beds & Baths
Number of Bedrooms: 9Number of Bathrooms: 5
Dimensions and Layout
Living Area: 3800 Square Feet
Appliances & Utilities
Utilities: Natural Gas Available, Electricity AvailableAppliances: Electric Range, Dishwasher, Refrigerator, MicrowaveDishwasherMicrowaveRefrigerator
Heating & Cooling
Heating: BaseboardHas HeatingHeating Fuel: Baseboard
Gas & Electric
Electric: XcelGas: XcelHas Electric on Property
Levels, Entrance, & Accessibility
Stories: 2Levels: Two
View
No View

Exterior Features

Exterior Home Features
Roof: CompositionPatio / Porch: Patio, DeckExterior: Balcony
Parking & Garage
Other Parking: 1 Space/UnitParking Spaces: 5
Frontage
Road Frontage: City StreetRoad Surface Type: AsphaltNot on Waterfront
Water & Sewer
Sewer: Public Sewer
Farm & Range
Does Not Include Irrigation Water Rights

Property Information

Year Built
Year Built: 1934
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family
Building
Construction Materials: Frame, BrickNot a New Construction
Property Information
Usage of Home: Multi-FamilyParcel Number: R0006472

Price & Status

Price
List Price: $2,175,000Price Per Sqft: $493/sqft

Active Status

MLS Status: Sold

Location

Direction & Address
City: BoulderCommunity: Boulder O T East & West & North
School Information
Elementary School: WhittierJr High / Middle School: CaseyHigh School: BoulderHigh School District: Boulder Valley Dist RE2

Building

Building Area
Building Area: 3800 Square Feet

HOA

No HOA

Lot Information

Lot Area: 7189 sqft

Listing Info

Special Conditions: Private Owner

Offer

Listing Terms: Cash, Conventional, 1031 Exchange

Business

Expense
Tenant Pays: Deposit, Gas, Electricity, Water, Sewer, Trash Collection

Rental Terms, Policies & Fees

Are Units Furnished: None

Miscellaneous

Mls Number: 1049294Attribution Contact: 720-902-6580Activation Date: Fri Jan 09 2026Showing Service Name: ShowingTime
Last check for updates: about 17 hours ago
Listed by Joe Gibbs, (720) 902-6580
RE/MAX Alliance-Boulder
ColoradoHomeSource, (303) 543-5720
RE/MAX Alliance-Boulder
Bought with: Patricia Dessel, (303) 475-6097, Compass - Boulder
Source: IRES as distributed by MLS GRID, MLS#1049294

Price History for 1938 Spruce St

DatePriceEventSource
05/29/2026$1,875,000Sold
IRES as distributed by MLS GRID #1049294
03/26/2026$2,175,000PriceChange
IRES as distributed by MLS GRID #1049294
01/09/2026$2,395,000Listed For SaleIRES as distributed by MLS GRID #1049294

Market trends in Boulder

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$891K
$60.83K
MoM
Sale-to-List Price
98.2%
0.4%
MoM
Price per sq ft
$503
$2
MoM
Available listings
778
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Comparable Sales for 1938 Spruce St

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
0.11
Multi-Family Home
$1,543,000
10/31/25
8
3
3,302
0.27
Multi-Family Home
$1,828,000
06/16/26
6
5
4,007
0.49
Multi-Family Home
$1,325,000
01/02/26
6
4
1,890
0.17
Multi-Family Home
$3,750,000
04/24/26
6
6
12,300
0.64
Multi-Family Home
$1,508,000
11/24/25
6
4
2,385
1.07
Multi-Family Home
$1,995,000
01/09/26
6
4
3,201
0.70
Multi-Family Home
$1,125,000
02/27/26
3
2
1,552
1.53
Multi-Family Home
$2,130,000
06/17/26
8
8
2,733
1.39
Multi-Family Home
$1,350,000
05/27/26
5
3
2,188

Nearby homes

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Assigned Schools

These are the assigned schools for 1938 Spruce St.
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

Neighborhood stats provided by third party data sources.

What Locals Say about Whittier

At least 52 Trulia users voted on each feature.
  • 96 % Say it's dog friendly

  • 93 % Say there are sidewalks

  • 89 % Say parking is easy

  • 86 % Say it's walkable to restaurants

  • 84 % Say it's walkable to grocery stores

  • 79 % Say people would walk alone at night

  • 66 % Say yards are well-kept

  • 63 % Say there's holiday spirit

  • 59 % Say there's wildlife

  • 54 % Say it's quiet

  • 53 % Say neighbors are friendly

  • 51 % Say they plan to stay for at least 5 years

  • 50 % Say streets are well-lit

  • 44 % Say car is needed

  • 39 % Say kids play outside

  • 32 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Trulia User
    "Halloween can be fun especially west of Folsom as well as the BolderBoulder which goes through the neighborhood."
  • Laine N.
    "Super close to downtown Pearl Street yet still calm and quiet. Definitely a great location for walking and biking. "
  • Strike3
    "Amazing neighborhood in great location. Great for families. Walkable to most things including downtown. We love it."
  • Laine N.
    "Very dog friendly with lots of neighbors walking their dogs. Plenty of places to walk including nearby trails."
  • Ellie M.
    "My commute out of the Whittier neighborhood is quiet and easy with not too much traffic. Lots of street parking, too! "
  • AM
    "Great place to live and raise kids. Walkable to downtown, with events nearly every weekend in the summer."
  • AM
    "I’ve lived here for over 10 years and the neighborhood is friendly, walkable, and has a great neighborhood feel. Walkable to downtown, and with spring thru fall events regularly. A great place to live!"
  • Heather F.
    "There is a very Quiet and welcoming atmosphere here. Neighbors are generally friendly but not in invasive ways. "
  • Lisah B.
    "The WHittier neighborhood is the BEST place in Boulder to live! We walk and bike to everything, and have FUN doing it! We don't want to ever move! :)"
  • Lisah B.
    "This area cannot be beat...we walk to all of the fun downtown festivities, local shops, restaurants, pubs, bistros, and some onf the finest cuisine in America within a 5-block radus. We either walk, bike, or bus to everything, we love that we almost never have to drive! With the mountains, Farmer's Market, Boulder Creek, and theFamous and FUN Pearl St. Mall on one side, and a beautiful little pocket park, Whole Foods, Trader Joe's, and the trendy 29th St. Mall on the other...the Whittier neighborhood around 23rd and Pearl is the PERFECT little slice of downtown living! We wouldn't live anywhere else!! "

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Homes for sale near 1938 Spruce St

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Off Market Homes Near 1938 Spruce St

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Based on information submitted to the MLS GRID as of 2026-08-01 00:23:19 PDT. 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. Some IDX listings have been excluded from this website. Click here for more information