$763,000

1291 W 3rd Avenue, Broomfield CO, 80020

Price per sqft$301.46

Built in1960

Property size2,531 sqft

Property typeMulti-family

Overview

Sold

Listed May 1, 2025

Updated 2 weeks ago

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, [email protected] with any questions.

Additional information

MLS^® ID: 6963644

Interior Features

Bedrooms: 4
Bathrooms: 4
Heating: Yes
Basement: No

Exterior Features

Lot Size: 0.18 Acres

Other Property Details

Taxes: $3,547
Tax Frequency: Annually
Garage: Yes
55+/Senior Community: No

Listed by Pinnacle Real Estate Advisors, Jim Knowlton, Listing Contact: [email protected],303-962-9543

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