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
-- mins to
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.
Home Details for 1938 Spruce St
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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 |
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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 |
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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 |
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Price List Price: $2,175,000Price Per Sqft: $493/sqft |
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MLS Status: Sold |
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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 |
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Building Area Building Area: 3800 Square Feet |
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No HOA |
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Lot Area: 7189 sqft |
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Special Conditions: Private Owner |
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Listing Terms: Cash, Conventional, 1031 Exchange |
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Expense Tenant Pays: Deposit, Gas, Electricity, Water, Sewer, Trash Collection |
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Are Units Furnished: None |
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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
| Date | Price | Event | Source |
|---|---|---|---|
| 05/29/2026 | $1,875,000 | Sold | IRES as distributed by MLS GRID #1049294 |
| 03/26/2026 | $2,175,000 | PriceChange | IRES as distributed by MLS GRID #1049294 |
| 01/09/2026 | $2,395,000 | Listed For Sale | IRES as distributed by MLS GRID #1049294 |
Market trends in Boulder
Last updated June 2026
Avg. sale price
$891K
$60.83KMoM
Sale-to-List Price
98.2%
0.4%MoM
Price per sq ft
$503
$2MoM
Available listings
778
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
Get a sense of prices in the area by checking nearby homes.Assigned Schools
These are the assigned schools for 1938 Spruce St.
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.
LGBTQ Local Legal Protections
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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

