$763,000
$775,000
1.5%For more information regarding the value of a property, please contact us for a free consultation.
1291 W 3rd AVE Broomfield, CO 80020
4 Beds
4 Baths
2,531 SqFt
Key Details
Sold Price $763,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,531 sqft
Price per Sqft $301
Subdivision Broomfield Heights
MLS Listing ID 6963644
Sold Date 06/28/25
Bedrooms 4
HOA Y/N No
Abv Grd Liv Area 2,531
Year Built 1960
Annual Tax Amount $3,547
Tax Year 2024
Lot Size 7,970 Sqft
Acres 0.18
Property Sub-Type Quadruplex
Source recolorado
Property Description
Turnkey 4-plex in the heart of Broomfield, ideally positioned between Boulder (15 min) and Downtown Denver (25 min). Priced at $775,000, this fully leased value-add opportunity features four 1BR/1BA units, a detached 4-car garage, and additional income from laundry, utility reimbursements (RUBS), and potential garage storage rental. Currently producing a 6.57% cap rate with proforma upside to 7.45% through light renovations, maximizing garage potential and rental increases. Strong local demographics and proximity to Interlocken Business Park, Broomfield Community Park, and the future Northwest B-Line Light Rail enhance long-term value and rent demand. Investors will appreciate the rare sub-$800K multifamily opportunity in a highly desirable, growth-oriented corridor. Please reach out to Luke Salazar at 303-962-9534, LSalazar@PinnacleREA.com with any questions.
Location
State CO
County Broomfield
Zoning R-5
Interior
Heating Baseboard
Cooling None
Fireplace N
Laundry Common Area
Exterior
Parking Features Oversized
Garage Spaces 4.0
Roof Type Shingle
Total Parking Spaces 4
Garage No
Building
Lot Description Flood Zone
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Brick
Schools
Elementary Schools Emerald
Middle Schools Aspen Creek K-8
High Schools Broomfield
School District Boulder Valley Re 2
Others
Senior Community No
Ownership Individual
Acceptable Financing 1031 Exchange, Cash, Conventional, Other
Listing Terms 1031 Exchange, Cash, Conventional, Other
Special Listing Condition None
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