Homes for sale - 1291 W 3rd AVE, Broomfield, CO 80020

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William Watson

bill@watsonrg.com +1(303) 842-0836

$775,000

Est. payment - /mo

4 Beds

4 Baths

7,970 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active Under Contract

Purchase Type For Sale

Subdivision Broomfield Heights

MLS Listing ID 6963644

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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Listed by Pinnacle Real Estate Advisors

"Many agents say they put their client’s needs first, but the Watson Realty Group are on a mission to actually do it by providing their clients several GUARANTEE programs that take the risk out of selling or buying a home. We are passionate about providing these guarantees, and at the same time making each of our clients feel as though they are our only client. We Live Here, We Work Here and We are Here to Serve You! "

+1(303) 842-0836

bill@watsonrg.com

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1291 W 3rd AVE Broomfield, CO 80020