Homes for sale - 1511 Broadway, Boulder, CO 80302

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Jennifer Berg

jennifermberg@icloud.com +1(720) 272-1171

$3,050,000

Est. payment - /mo

3,582 SqFt

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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 3,582 sqft

Price per Sqft $851

Subdivision Grand View Heights

MLS Listing ID IR1035830

HOA Y/N No

Year Built 1907

Annual Tax Amount $10,311

Tax Year 2024

Lot Size 7,056 Sqft

Acres 0.16

Property Sub-Type Quadruplex

Source recolorado

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 has BT-2 zoning - allowing commercial or residential improvements. Currently used as a powerhouse residential rental, this multi-family property 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. Attractive BT-2 zoning which means there is the possibility for commercial development here. Bring you vision and take advantage of the solid residential investment or design a commercial property that will serve this booming area of the Hill for years to come.

Location

State CO

County Boulder

Zoning BT-2

Interior

Heating Hot Water

Fireplace N

Appliance Dishwasher, Disposal, Dryer, Oven, Refrigerator, Washer

Laundry In Unit

Exterior

Exterior Feature Balcony

Utilities Available Cable Available, Electricity Available, Internet Access (Wired), Natural Gas Available

Roof Type Composition

Total Parking Spaces 10

Building

Water Public

Level or Stories Three Or More

Structure Type Frame

Schools

Elementary Schools Flatirons

Middle Schools Manhattan

High Schools Boulder

School District Boulder Valley Re 2

Others

Ownership Individual

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://vimeo.com/1109503303?share=copy#t=0

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Listed by Robinson Investment Co., Inc.

I'm Jennifer Berg, a Colorado Real Estate Broker with over 18 years guiding buyers in the Denver Metro area. Whether you are a first-time home buyer or seasoned investor, I'll dedicate myself to building a working relationship to make the process smooth and enjoyable.

I am Vice Chair at South Metro Denver REALTOR Association Young Professionals Network. Staying involved with other professionals in the industry allows me to keep current on market trends and connect you with my network of sellers.

+1(720) 272-1171

jennifermberg@icloud.com

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