$3,200,000
12 Beds
8 Baths
4,280 sqft
2535 Spruce Street, Boulder, CO 80302
Est. Mortgage $18,571/mo*
Get Pre-QualifiedWe estimate this home will sell faster than 87% nearby.
Home Highlights
Multi-Family
Built in 1989
$748/sqft
5 Parking Spaces
Local Information
- Map ViewExplore the area around 2535 Spruce Street.
- Schools1 Elementary School1 Middle School1 High School
- Shop & Eat
-- mins to
About this House
Exceptional investment opportunity in one of Boulder’s most sought-after locations. Situated just minutes from Downtown Boulder, this well-maintained fourplex offers a rare combination of strong in-place income, long-term appreciation potential, and value-add upside in a market where multifamily inventory is exceedingly limited.
The property consists of four spacious 3-bedroom, 1.5-bathroom units with highly functional floor plans that continue to attract quality tenants year after year. Each unit features generous living space, private entrances, and layouts designed for long-term rental appeal. Off-street parking, on-site laundry, and mature landscaping further enhance tenant satisfaction and retention.
Located in the heart of Boulder, residents enjoy convenient access to Pearl Street, the University of Colorado, Google's Boulder campus, 29th Street, extensive bike paths, public transit, and countless outdoor recreation opportunities. The property's central location supports consistent rental demand and minimizes vacancy risk.
Current rents provide immediate income with additional upside potential through future renovations, operational efficiencies, or market rent adjustments. Whether you're looking to expand an existing portfolio, complete a 1031 exchange, or secure a premier asset in one of Colorado's strongest rental markets, this is an opportunity to acquire a high-demand multifamily property with both stability and growth potential.
Investment Highlights:
• Four 3-bedroom, 1.5-bathroom units
• Prime central Boulder location
• Strong and consistent rental demand
• Value-add and rental growth potential
• Off-street parking and on-site laundry
• Proximity to CU Boulder, Google, Pearl Street, and major employment centers
• Excellent walkability, bikeability, and transit access
• Rare multifamily asset in a supply-constrained market
The property consists of four spacious 3-bedroom, 1.5-bathroom units with highly functional floor plans that continue to attract quality tenants year after year. Each unit features generous living space, private entrances, and layouts designed for long-term rental appeal. Off-street parking, on-site laundry, and mature landscaping further enhance tenant satisfaction and retention.
Located in the heart of Boulder, residents enjoy convenient access to Pearl Street, the University of Colorado, Google's Boulder campus, 29th Street, extensive bike paths, public transit, and countless outdoor recreation opportunities. The property's central location supports consistent rental demand and minimizes vacancy risk.
Current rents provide immediate income with additional upside potential through future renovations, operational efficiencies, or market rent adjustments. Whether you're looking to expand an existing portfolio, complete a 1031 exchange, or secure a premier asset in one of Colorado's strongest rental markets, this is an opportunity to acquire a high-demand multifamily property with both stability and growth potential.
Investment Highlights:
• Four 3-bedroom, 1.5-bathroom units
• Prime central Boulder location
• Strong and consistent rental demand
• Value-add and rental growth potential
• Off-street parking and on-site laundry
• Proximity to CU Boulder, Google, Pearl Street, and major employment centers
• Excellent walkability, bikeability, and transit access
• Rare multifamily asset in a supply-constrained market
Last check for updates: about 4 hours ago
Listing courtesy of Shelby Foster, (720) 387-5262
ERA New Age
The Roberts Team, (303) 317-2436
ERA New Age
Source: REcolorado as distributed by MLS GRID, MLS#4892009
Also Listed on REcolorado as distributed by MLS GRID.
We estimate this home will sell faster than 87% nearby.
Home Details for 2535 Spruce Street
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Beds & Baths Number of Bedrooms: 12Number of Bathrooms: 8 |
Dimensions and Layout Living Area: 4280 Square Feet |
Appliances & Utilities Laundry: In Unit |
Heating & Cooling Heating: Forced AirHas CoolingAir Conditioning: Air Conditioning-Room,Central AirHas HeatingHeating Fuel: Forced Air |
Levels, Entrance, & Accessibility Stories: 2Levels: Two |
View No View |
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Exterior Home Features Roof: Composition |
Parking & Garage Other Parking: Off Street Spaces: 5No Attached GarageParking Spaces: 5 |
Frontage Not on Waterfront |
Water & Sewer Sewer: Public Sewer |
Finished Area Finished Area (above surface): 4280 Square Feet |
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Days on Market: 104 |
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Year Built Year Built: 1989 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: QuadruplexStructure Type: QuadruplexArchitecture: Quadruplex |
Building Construction Materials: FrameNot Attached Property |
Property Information Not Included in Sale: Tenants Personal PropertyParcel Number: R0003308 |
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Price List Price: $3,200,000Price Per Sqft: $748 |
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MLS Status: Active |
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Direction & Address City: BoulderCommunity: Pine Street |
School Information Elementary School: Whittier Int'lElementary School District: Boulder Valley RE 2Jr High / Middle School: CaseyJr High / Middle School District: Boulder Valley RE 2High School: BoulderHigh School District: Boulder Valley RE 2 |
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Listing Agent Listing ID: 4892009 |
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Building Area Building Area: 4280 Square Feet |
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Not Senior Community |
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No HOA |
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Lot Area: 7240 sqft |
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Special Conditions: Standard |
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Listing Terms: 1031 Exchange, Cash, Conventional, Jumbo |
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Mobile Home Park Mobile Home Units: Feet |
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Business Information Ownership: Corporation/Trust |
Expense Tenant Pays: Electricity, Gas, Internet |
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Owner Pays: Grounds Care, Trash Collection, Water |
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Mls Number: 4892009Attribution Contact: shelby@newagere.com, 720-387-5262Above Grade Unfinished Area: 4280Showing Service Name: Showing Time |
Around this home
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.
Market trends in Boulder
Last updated August 2026
Avg. sale price
$904K
$6.67KMoM
Sale-to-List Price
98.2%
0.2%MoM
Price per sq ft
$489
$10MoM
Available listings
765
3MoM
Home Value
Trulia Estimate
$2.9MSince last month
$800 (0%)Since last year
Decreased$54K (-1.8%)Since last sale
Increased$103K (+3.7%)Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.
Trulia Estimate
The of this home's value increased by +124% in the last 10 years
| Month | Estimated value |
|---|---|
2026 | |
| September 2026 | $2.9M |
| August 2026 | $2.9M |
| July 2026 | $2.94M |
| June 2026 | $2.97M |
| May 2026 | $2.33M |
| April 2026 | $2.31M |
| March 2026 | $2.33M |
| February 2026 | $2.29M |
| January 2026 | $2.37M |
2025 | |
2024 | |
2023 | |
2022 | |
2021 | |
2020 | |
2019 | |
2018 | |
2017 | |
2016 | |
Comparable sales
These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.44 | Multi-Family Home | $1,875,000 | 05/29/26 | 9 | 5 | 3,800 | |
0.09 | Multi-Family Home | $1,325,000 | 01/02/26 | 6 | 4 | 1,890 | |
0.52 | Multi-Family Home | $1,543,000 | 10/31/25 | 8 | 3 | 3,302 | |
0.33 | Multi-Family Home | $3,750,000 | 04/24/26 | 6 | 6 | 12,300 | |
0.68 | Multi-Family Home | $1,828,000 | 06/16/26 | 6 | 5 | 4,007 | |
0.66 | Multi-Family Home | $1,065,000 | 08/27/26 | 8 | 4 | 3,510 | |
1.08 | Multi-Family Home | $1,437,000 | 08/14/26 | 8 | 4 | 3,464 | |
1.47 | Multi-Family Home | $2,130,000 | 06/17/26 | 8 | 8 | 2,733 | |
1.06 | Multi-Family Home | $1,508,000 | 11/24/25 | 6 | 4 | 2,385 |
Nearby home prices
Get a sense of expected prices in the area by checking the value of nearby homes.Address | Distance | Price | Bed | Bath | Sqft | Status |
|---|---|---|---|---|---|---|
0.04 | $886,500 | 3 | 1 | 735 | Off Market | |
0.03 | $1,750,000 | 3 | 2.5 | 1,631 | For Sale | |
0.03 | $2,500,000 | 3 | 3 | 2,376 | For Sale | |
0.04 | $1,441,800 | 6 | 4 | 3,099 | Off Market | |
0.05 | $2,400,000 | 3 | 2.5 | 2,381 | For Sale | |
0.06 | $1,900,000 | 3 | 3.5 | 2,085 | For Sale | |
0.04 | $2,184,000 | 3 | 3.5 | 2,091 | For Sale | |
0.06 | $2,357,600 | 4 | 3 | 3,031 | Off Market | |
0.08 | $1,551,800 | 4 | 2 | 2,007 | Off Market | |
0.09 | $1,325,000 | 6 | 4 | 1,890 | Recently Sold | |
0.06 | $1,710,200 | 3 | 3.5 | 2,071 | Off Market |
Price and Tax history
| Date | Event | Price |
|---|---|---|
Jun 8, 2026 Source: REcolorado as distributed by MLS GRID #4892009 | Listed For Sale | $3,200,000 |
Jan 1, 2026 Source: IRES as distributed by MLS GRID #1041974 | ListingRemoved | $3,200,000 |
Aug 21, 2025 Source: IRES as distributed by MLS GRID #1041974 | Listed For Sale | $3,200,000 |
Nov 21, 2022 Source: Zillow Rental Manager | ListingRemoved | |
Nov 3, 2022 Source: Zillow Rental Manager | PriceChange | $2,650 Price decreased by 10% |
Oct 28, 2022 Source: Zillow Rental Manager | Listed For Rent | $2,950 |
Apr 29, 2022 Source: IRES as distributed by MLS GRID #951923 | Sold | $2,800,000 |
Sep 27, 2021 Source: IRES as distributed by MLS GRID #951923 | Listed For Sale | $2,900,000 |
Jun 2, 2016 Source: Agent Provided | ListingRemoved | $2,475 |
Mar 14, 2016 Source: Agent Provided | Listed For Rent | $2,535 |
Dec 14, 2015 Source: Agent Provided | ListingRemoved | $1,800 |
Nov 23, 2015 Source: Agent Provided | PriceChange | $1,800 Price decreased by 20% |
Nov 11, 2015 Source: Agent Provided | Listed For Rent | $2,250 |
Aug 31, 2015 Source: IRES as distributed by MLS GRID #765768 | Sold | $1,152,000 |
Jun 8, 2015 Source: Agent Provided | Listed For Sale | $950,000 |
Jun 7, 2014 Source: Agent Provided | ListingRemoved | $750,000 |
May 31, 2014 Source: Agent Provided | Listed For Sale | $750,000 |
Jun 16, 2012 Source: Agent Provided | ListingRemoved | $649,000 |
Feb 22, 2012 Source: Agent Provided | PendingToActive | $649,000 |
Jan 31, 2012 Source: Agent Provided | Pending | $649,000 |
Jan 21, 2012 Source: Agent Provided | Listed For Sale | $649,000 |
| Year | Property tax | Tax assessment |
|---|---|---|
| 2025 | $13,293 | $2,608,600 |
Home facts updated by county records
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Shelby Foster, ERA New Age
Agent Phone: (720) 387-5262
© 2026 REcolorado® All rights reserved. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, REcolorado®. Some IDX listings have been excluded from this website. Click here for more information
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Frequently asked questions about 2535 Spruce Street
- What is the estimated monthly payment for 2535 Spruce Street?Based on a $3,200,000 list price with 20% down at today's rates, the estimated monthly payment for 2535 Spruce Street in Boulder, CO is approximately $18,900 (about $17,412 principal & interest, $1,413 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
- How does the list price for 2535 Spruce Street compare to homes in Boulder?2535 Spruce Street in Boulder, CO is listed at $3,200,000, about 254% above the $904K median sale price in Boulder.
- What do residents say about the Whittier neighborhood?Residents describe the Whittier neighborhood in Boulder, CO as dog-friendly, pedestrian-friendly, and easy to park in. See homes for sale in Whittier, Boulder.
- What are the closest schools to 2535 Spruce Street?The closest schools to 2535 Spruce Street in Boulder, CO are Boulder High School (rated 9/10), Casey Middle School (rated 5/10), Whittier Elementary School (rated 6/10).
- Does 2535 Spruce Street have air conditioning?Yes, 2535 Spruce Street in Boulder, CO has air conditioning.
- Does 2535 Spruce Street have laundry facilities?Yes, 2535 Spruce Street in Boulder, CO has laundry facilities.
2535 Spruce Street, Boulder, CO 80302 is a 12 bedroom, 8 bathroom, 4,280 sqft multi-family built in 1989. 2535 Spruce Street is located in Whittier, Boulder. This property is currently available for sale and was listed by REcolorado as distributed by MLS GRID on Jun 8, 2026. The MLS # for this home is MLS# 4892009.