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Dewey Shanks

[email protected] +1(806) 681-3612

$ 1,300,000

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1540 Grove St Boulder, CO 80302

5 Beds

3 Baths

5,227 Sqft Lot

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Income Property

Listing Status Active

Purchase Type For Sale

Subdivision Orchard Home

MLS Listing ID 1031559

Bedrooms 5

HOA Y/N false

Originating Board IRES MLS

Year Built 1900

Annual Tax Amount $7,929

Lot Size 5,227 Sqft

Acres 0.12

Property Sub-Type Income Property

Property Description

This classic 1900-built Victorian home has been beautifully converted into a well-maintained triplex in one of Boulder's most sought-after neighborhoods. Located just one block from the Farmer's Market and within walking distance to Pearl Street, CU Boulder, and Naropa University, the property offers an unbeatable location for tenants seeking both character and convenience. Each of the three units in the triplex features two bedrooms and one bathroom, with layouts ranging from 600 to 800 square feet. The top-floor unit is spacious and bright, offering stunning views and abundant natural light. The upstairs kitchen was renovated in 2023, blending modern finishes with functionality. The main-level unit features a comfortable layout and easy access to the shared outdoor areas, with a beautifully updated kitchen also completed in 2023. The garden-level unit, while technically basement level, receives excellent afternoon sun and boasts high-end finishes throughout. The bathroom was fully renovated in 2018, and the kitchen includes modern appliances and custom shelving, blending vintage charm with practical upgrades. Shared laundry is available to all units and is included in the rent. The building is metered for water and offers a peaceful, community-oriented feel thanks to its owner's care and ongoing maintenance. While not new construction, the home's historic details have been preserved and enhanced with tasteful, high-quality improvements over the years. Whether you're seeking a vibrant downtown lifestyle, proximity to campus, or a cozy, character-filled space, this triplex offers a unique rental opportunity in the heart of Boulder. Cap rate on this rental is an amazing 5.51% (with estimated management fees). The property is leased until July of 2026.

Location

State CO

County Boulder

Area Boulder

Zoning Multi

Rooms

Basement Full

Interior

Heating Hot Water

Window Features Window Coverings

Exterior

Exterior Feature Balcony

Fence Fenced

Utilities Available Natural Gas Available, Electricity Available

View Foothills View

Roof Type Composition

Street Surface Paved

Building

Lot Description Corner Lot

Story 3

Sewer City Sewer

Water City Water, City

Level or Stories Tri-Level

Structure Type Wood/Frame,Brick/Brick Veneer

New Construction false

Schools

Elementary Schools University Hill

Middle Schools Casey

High Schools Boulder

School District Boulder Valley Dist Re2

Others

Senior Community false

Tax ID R0003564

SqFt Source Assessor

Special Listing Condition Private Owner

Virtual Tour https://www.listingsmagic.com/sps/tour-slider/index.php?property_ID=271843

Information and Real Estate Services (IRES)

Listed by AJ Chamberlin • RE/MAX Alliance-Boulder • 3035888999

Dewey Shanks

Agent | License ID: P32281

+1(806) 681-3612

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Colorado

Dewey Shanks

1540 Grove St Boulder, CO 80302

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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1540 Grove St