$1,300,000
0.12 Acre Lot

1540 Grove Street, Boulder, Colorado 80302

  • Residential Income Property Type
  • 1900 Year Built
Property Description

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.

Basic Details
Residential Income
For Sale
IR1031559
$1,300,000
1900
0.12 Acre
Active
Mountain(s)
1
Triplex
: Composition
Listing courtesy of
RE/MAX Alliance-Boulder
Features
: Hot Water
: Full
: Balcony
: Public Sewer
: Electricity Available, Natural Gas Available
: Window Coverings
Address Map
Grove
1540
Street
W106° 43' 34.2''
N40° 0' 54.7''
Multi
Neighborhood
University Hill
Boulder Valley RE 2
Boulder
Boulder Valley RE 2
Casey
Additional Information
2600
: Frame, Brick
: Tri-Level
: Corner Lot, Flood Zone
3
Multi-Family
https://www.listingsmagic.com/sps/tour-slider/index.php?property_ID=271843
: Public
Financial
7929
Listing Information
IRP09449
IRRMRE
Cash,Conventional,Owner Will Carry
Active
2025-04-18T22:31:20Z
REcolorado
2025-04-10T06:00:00Z
AJ Chamberlin
Agent info
Harder Real Estate & Development
130 West 2nd St, Suite 1