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

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The Marcus Team

michael@marcusteam.com +1(303) 550-0075

$ 775,000

Est. payment | -/mo

4 Beds

4 Baths

2,531 SqFt

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$ 775,000

Est. payment | -/mo

Save

4 Beds

4 Baths

2,531 SqFt

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,531 sqft

Price per Sqft $306

Subdivision Broomfield Heights

MLS Listing ID 6963644

Bedrooms 4

HOA Y/N No

Abv Grd Liv Area 2,531

Originating Board recolorado

Year Built 1960

Annual Tax Amount $3,547

Tax Year 2024

Lot Size 7,970 Sqft

Acres 0.18

Property Sub-Type Quadruplex

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

Listed by Pinnacle Real Estate Advisors

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The Marcus Team

REALTORS®

michael@marcusteam.com

+1(303) 550-0075

6501 East Belleview Ave Suite 500, Village, CO, 80111, USA

1291 W 3rd AVE Broomfield, CO 80020

The Marcus Team

Key Details

Location

Interior

Exterior

Building

Schools

Others

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1291 W 3rd AVE