1291 W 3rd Ave
Broomfield, CO 80020
- 4 beds
- 4 baths
- 2,531 sqft
- 7,970 sqft lot
- $306 per sqft
- 1960 build
- – on site
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.
Last checked:
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Last updated May 3, 2025
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MLS# 6963644 —
This property is listed in more than one place. See it here.
The Building
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Year Built:1960
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New Construction:false
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Construction Materials:Brick/Brick Veneer
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Total SqFt:2,531 Sqft
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# of Units Total:4
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Building Area Total:2531
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Roof:Fiberglass
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Levels:Two
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Stories:2
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Above Grade Finished Area:2531
Interior
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Laundry Features:Common Area
Room Dimensions
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Living Area:2531
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Living Area Units:Square Feet
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Living Area Source:Assessor
Financial & Terms
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Listing Terms:Cash
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Tenant Pays:Electricity
Location
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Coordinates:-105.084496, 39.919907
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Latitude:39.919907
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Longitude:-105.084496
The Property
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Property Type:Residential Income
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Property Subtype:Income Property
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Lot Size Acres:0.18
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Lot Size SqFt:7,970 Sqft
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Lot Size Area:7970
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Lot Size Units:Square Feet
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Zoning:R-5
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Exclusions:Tenant's personal property
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Horse:false
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Waterfront:false
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Has Water Rights:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Year:2024
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Tax Annual Amount:$3,547
Beds
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Bedrooms Total:4
Baths
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Total Baths:4
The Listing
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Special Listing Conditions:Private Owner
Heating & Cooling
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Heating:Baseboard
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Heating:true
Utilities
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Gas:Master Meter-Gas
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Electric:Separate Meter Electricity
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Sewer:City Sewer
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Water Source:City Water
Schools
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Elementary School:Emerald
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Middle School:Aspen Creek K-8
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High School:Broomfield
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High School District:Boulder Valley RE 2
The Community
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Association:false
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Subdivision Name:Broomfield Heights
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Senior Community:false
Parking
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Garage Spaces:4
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Garage:true
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Garage Type:Detached
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Attached Garage:false
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Covered Spaces:4
Extra Units
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Bedrooms Unit 1:1
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
5/1/25
May 1, 2025
|
Listed / Active | IRES | $775,000 |
