1938 Spruce St

Boulder, CO 80302

$2,395,000
Price
9
Beds
5
Baths
3,800 Sq. Ft.
$630 / Sq. Ft.
3,800
Sq. Ft.
$630
per Sq. Ft.
an aerial view of multiple house
a view of a house with entertaining space
a front view of house with yard
a view of a house with a swimming pool
a dining room with furniture and wooden floor
a living room with furniture and a large mirror
a living room with furniture and a flat screen tv
a kitchen with a sink stove top oven and cabinets
a bedroom with a bed and a painting on the wall
a bedroom with a bed and a window
a kitchen with a refrigerator and a sink
a view of a livingroom with furniture and a flat screen tv
a view of a house with wooden fence
a living room with furniture wooden floor and a window
a view of an empty room and wooden floor
a view of an empty room with wooden floor and a window
a view of kitchen with wooden floor
a view of a dining room with furniture and wooden floor
a view of an empty room with wooden floor and a window
a kitchen with a refrigerator a stove a sink and white cabinets
a view of kitchen with wooden floor
a kitchen with a refrigerator a stove top oven and white cabinets
a living room with furniture and a table with kitchen appliances
a view of an empty room and wooden floor
a bedroom with a bed and a painting on the wall
a kitchen with granite countertop a sink a stove and cabinets
an empty room with wooden floor and windows
an empty room with wooden floor and windows
a view of an empty room with wooden floor
a bedroom with a bed and a potted plant
a bathroom with a sink toilet and shower
a kitchen with granite countertop a sink stove and cabinets
a kitchen with stainless steel appliances granite countertop a refrigerator a stove a sink a dining table and chairs
a kitchen with sink and cabinets
a bedroom with a bed and a flat screen tv
a view of a living room
a bedroom with a bed and a window
a bedroom with a bed and a dresser
a bathroom with a sink and a mirror
a bedroom with a bed and a window
a car parked in front of a house
a view of a city
a view of a building entrance
a city view
a view of a entryway door of the house
a view of a building with an outdoor space
a view of bike storage in a small front

Description

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...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.
  1. Listed by Nancy Kirkendall • RE/MAX Alliance-Nederland
    P: (303)-517-2585 C: (303)-517-2585 nancy@boulderhomesource.com
  2. Listed by ColoradoHomeSource • RE/MAX Alliance-Boulder
    P: (303)-543-5720 team@boulderhomesource.com

Property Details for 1938 Spruce Street

Locale
Boulder
LISTING UPDATED: 01/23/2026 02:19 PM

Property Details for 1938 Spruce Street

StatusActive
MLS #1049294
Days on Compass43
Taxes$12,436 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Multi Family
Year Built1934
Lot Size0.17 AC / 7,405 SF
CountyBoulder County

Location

Listing Courtesy of RE/MAX Alliance-Nederland, Nancy Kirkendall; RE/MAX Alliance-Boulder, ColoradoHomeSource
Add your commute

Building Information for 1938 Spruce Street

Stories-Residences5Year Built1934Building Size-Lot Size0.17 AC / 7,405 SF

Payment Calculator

$12,709 per month

30 year fixed, 6.15% Interest

Principal and Interest

$11,673

Property Taxes

$1,036

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1938 Spruce Street

Summary
Location and General Information
  • Road Access 2: City Street
  • Latitude: 40.02
  • Longitude: -105.27
Parking
  • Total Parking: 5.00
Taxes and HOA Information
  • Has HOA: No
  • HOA Fee: $.00
  • Legal Description: LOT 1 BLK 89 BOULDER O T EAST 2 IMPS
  • Tax Information: No
  • HOA2 Fee Amount: $0
  • Tax Year: 2024
  • Tax Annual Amount: $12,436
  • Parcel Number: R0006472
Property
Lot Information
  • Lot Improvements: Corner Lot, City Limits, Paved, Curbs, Gutters, Sidewalks, Street Light, Alley
  • Lot Size Area: 7,189.00
  • Has Irrigation Water Rights: No
  • Has Improvements: No
Property and Assessments
  • Total Finished Area Source: Assessor
  • Pano Url Position: 1
  • Are Ditches Active: No
  • New Construction YN: No
  • Levels: Two
Utilities
  • Electric: Xcel
  • Sewer: Public Sewer
Interior and Exterior Features
Exterior Features
  • Construction Materials: Frame, Brick
  • Exterior Features: Balcony
Interior Features
  • Laundry Features: No Units Furnished, Electric Range, Dishwasher, Refrigerator, Microwave
Multi Family
Multi-Family Information
  • Number1 Bedroom Units: 1
  • Number2 Bedroom Units: 4
Unit Information
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,975.00
  • Unit Type Units Total: 1.0
  • IRE_Unit Type Estimated Sq Ft: 600
  • Unit Type Type: Unit 1
  • Unit Type Beds Total: 1
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,650.00
  • Unit Type Units Total: 1.0
  • IRE_Unit Type Estimated Sq Ft: 750
  • Unit Type Type: Unit 2
  • Unit Type Beds Total: 2
Unit 3
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $2,600.00
  • Unit Type Units Total: 1.0
  • IRE_Unit Type Estimated Sq Ft: 750
  • Unit Type Type: Unit 3
  • Unit Type Beds Total: 2
Unit 4
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,775.00
  • Unit Type Units Total: 1.0
  • IRE_Unit Type Estimated Sq Ft: 750
  • Unit Type Type: Unit 4
  • Unit Type Beds Total: 2
Unit 5
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $2,950.00
  • Unit Type Units Total: 1.0
  • IRE_Unit Type Estimated Sq Ft: 1250
  • Unit Type Type: Unit 5
  • Unit Type Beds Total: 2
Rental
Rental Information
  • Horse YN: No
  • Rent Fee Includes: Deposit, Gas, Electricity, Water, Sewer, Trash Collection
  • Occupant Type: Tenant

Public Records for 1938 Spruce Street

Taxable ValueLand$53,744Additions$76,394Total$130,138
Tax Record2025$12,812 ($1,068 / month)
Home Facts
Baths5Total Finished SqFt864 SqFtAbove Grade Finished SqFt864 SqFtUnfinished Basement SqFt120 SqFtStories1Lot Size7,187 SqFtStyleMulti-Family Dwelling (2-4)Year Built1934Zoning1120CountyBOULDERAPN1463-30-4-13-001

Schools near 1938 Spruce Street

This home is within Boulder Valley Re 2 School District.
Rating
School
Type
Grades
Distance
Whittier Elementary School
Public - K to 5
Casey Middle School
Public - 6 to 8
Boulder High School
Public - 9 to 12
Peak To Peak Charter School
Charter - K to 12
Rating
School
Distance
Whittier Elementary School
PublicK to 5

Casey Middle School
Public6 to 8

Boulder High School
Public9 to 12

Peak To Peak Charter School
CharterK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

Explore Nearby Homes

More information about 1938 Spruce Street, Boulder, CO 80302

1938 Spruce Street is a multi-family home for sale in Boulder, CO 80302. This property was listed for sale on January 9, 2026 by RE/MAX Alliance-Nederland, it's currently listed at $2,395,000. This listing's school district is Boulder Valley Re 2 School District. Nearby schools include Whittier Elementary School, Casey Middle School and Boulder High School. 1938 Spruce Street is a 9-bed, 5-bath, 3,800 sqft multi-family home built in 1934.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of RE/MAX Alliance-Nederland, Nancy Kirkendall; RE/MAX Alliance-Boulder, ColoradoHomeSource

Based on information submitted to the MLS GRID as of 01/23/2026 02:19 PM. 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. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.