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Brittany Cowan

brittany@nocohomeliving.com +1(605) 881-8263

$2,537,000

Est. payment - /mo

5,589 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,589 sqft

Subdivision Frasier Meadows

MLS Listing ID IRE1057694

Style Contemporary

HOA Y/N No

Year Built 1962

Annual Tax Amount $10,098

Tax Year 2025

Lot Size 0.280 Acres

Acres 0.28

Property Sub-Type Multi Family

Source ires

Property Description

Well-maintained and high-performing triplex in a Williams Village neighborhood, offering a rare combination of high in-place income, long-term tenant stability, and future upside. Each of the three units features 5 bedrooms and 2 bathrooms, resulting in an income profile that outperforms that of typical small multifamily properties. The property has achieved 100% occupancy during ownership, with a consistent history of tenant retention and steady rent growth. Current leases are in place through August 2027, providing immediate income stability for a new owner. The tenant base has historically included academically focused renters, contributing to lower turnover and reliable performance. Extensive capital improvements have been completed over time, including roof replacement, updated windows, remodeled kitchens and bathrooms, furnace upgrades, sump pumps, and appliance replacement. The result is a well-cared-for asset with minimal deferred maintenance. Located in an established residential setting with convenient access to transit along Baseline Road, bike routes, and nearby amenities, including parks, recreation, and neighborhood shopping. The property is also within close proximity to the University of Colorado, supporting consistent rental demand. Additional upside potential exists through interior updates to one unit and continued rent optimization over time. RM-2 zoning allows for flexibility in future use (subject to City of Boulder approval), adding long-term optionality. A compelling opportunity for investors seeking stable income, strong rental fundamentals, and a well-maintained asset in one of Boulder's most desirable rental markets. Financials: Cap Rate - 5.5; GRM - 14.14; NOI - $139,582; Vacancy Rate - 0.

Location

State CO

County Boulder

Community Frasier Meadows

Area Boulder

Zoning HRE

Rooms

Basement Full, Partially Finished

Interior

Heating Forced Air

Flooring Wood

Appliance Electric Range, Dishwasher, Refrigerator, Washer, Dryer

Exterior

Fence Partial

Utilities Available Natural Gas Available, Electricity Available, Cable Available, High Speed Avail

View Y/N No

Roof Type Composition

Improvements No

Garage No

Building

Lot Description Deciduous Trees, House Faces West

Sewer Public Sewer

Water City

Architectural Style Contemporary

Level or Stories One

Structure Type Brick

New Construction false

Schools

Elementary Schools Eisenhower

Middle Schools Manhattan

High Schools Boulder Valley Dist Re2

School District Boulder Valley Dist Re2

Others

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Private Owner

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Information and Real Estate Services (IRES)

Listed by Antonio Martinez

Nearby Locations

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Brittany Cowan

+1(605) 881-8263

Agent

650 Inca Boulder, CO 80303

Brittany Cowan

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby Locations

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