1291 W 3rd Avenue
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 2, 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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Construction Materials:Brick
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Building Area Total:2531
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Building Area Source:Public Records
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Structure Type:Quadruplex
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Roof:Shingle
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Levels:Two
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Basement:false
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Above Grade Finished Area:2531
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Property Attached:false
Interior
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Laundry Features:Common Area
Room Dimensions
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Living Area:2531
Financial & Terms
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Ownership:Individual
Location
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Latitude:39.91990545
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Longitude:-105.0844942
The Property
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Property Type:Residential Income
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Property Subtype:Quadruplex
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Parcel Number:R1017122
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Zoning:R-5
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Lot Features:Flood Zone
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Lot Size Area:7970
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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 Units:Square Feet
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Exclusions:Tenant's personal property
Listing Agent
- Contact info:
- Agent phone:
- (303) 962-9543
- Office phone:
- (303) 962-9555
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
Heating & Cooling
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Heating:Baseboard
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Cooling:None
Utilities
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Sewer:Public Sewer
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Water Source:Public
Schools
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Elementary School:Emerald
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Elementary School District:Boulder Valley RE 2
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Middle Or Junior School:Aspen Creek K-8
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Middle Or Junior School District:Boulder Valley RE 2
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High School:Broomfield
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High School District:Boulder Valley RE 2
The Community
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Subdivision Name:Broomfield Heights
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Association:false
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Senior Community:false
Parking
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Parking Total:4
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Parking Features:Oversized
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Attached Garage:false
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Garage Spaces:4
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).
