1540 Grove St Boulder, CO 80302
Downtown NeighborhoodEstimated payment $7,917/month
Total Views
261
5
Beds
3
Baths
2,600
Sq Ft
$500
Price per Sq Ft
Highlights
- Corner Lot
- No HOA
- Brick Veneer
- Whittier Elementary School Rated A-
- Balcony
- 5-minute walk to Boulder Central Park
About This Home
This classic 1900-built Victorian home has been beautifully converted into a well-maintained triplex in one of Boulder's most sought-after neighborhoods. Located just one block from the Farmer's Market and within walking distance to Pearl Street, CU Boulder, and Naropa University, the property offers an unbeatable location for tenants seeking both character and convenience. Each of the three units in the triplex features two bedrooms and one bathroom, with layouts ranging from 600 to 800 square feet. The top-floor unit is spacious and bright, offering stunning views and abundant natural light. The upstairs kitchen was renovated in 2023, blending modern finishes with functionality. The main-level unit features a comfortable layout and easy access to the shared outdoor areas, with a beautifully updated kitchen also completed in 2023. The garden-level unit, while technically basement level, receives excellent afternoon sun and boasts high-end finishes throughout. The bathroom was fully renovated in 2018, and the kitchen includes modern appliances and custom shelving, blending vintage charm with practical upgrades. Shared laundry is available to all units and is included in the rent. The building is metered for water and offers a peaceful, community-oriented feel thanks to its owner's care and ongoing maintenance. While not new construction, the home's historic details have been preserved and enhanced with tasteful, high-quality improvements over the years. Whether you're seeking a vibrant downtown lifestyle, proximity to campus, or a cozy, character-filled space, this triplex offers a unique rental opportunity in the heart of Boulder. Cap rate on this rental is an amazing 5.51% (with estimated management fees). The property is leased until July of 2026.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,929
Year Built
- Built in 1900
Lot Details
- 5,215 Sq Ft Lot
- Fenced
- Corner Lot
Home Design
- Brick Veneer
- Wood Frame Construction
- Composition Roof
Interior Spaces
- 2,600 Sq Ft Home
- 3-Story Property
- Window Treatments
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Bathrooms
Schools
- University Hill Elementary School
- Casey Middle School
- Boulder High School
Additional Features
- Balcony
- Hot Water Heating System
Listing and Financial Details
- Assessor Parcel Number R0003564
Community Details
Overview
- No Home Owners Association
- 3 Units
- Orchard Home Subdivision
Building Details
- Gross Income $85,140
- Net Operating Income $71,638
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/10/2025 04/10/25 | For Sale | $1,300,000 | -- | $500 / Sq Ft |
Source: IRES MLS
Similar Homes in Boulder, CO
Source: IRES MLS
MLS Number: 1031559
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Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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