1540 Grove St Save Request In-Person Tour Request Virtual Tour
Boulder,CO 80302
Key Details
Property Type Single Family Home
Sub Type Income Property
Listing Status Backup
Purchase Type For Sale
Subdivision Orchard Home
MLS Listing ID 1031559
Bedrooms 5
HOA Y/N false
Originating Board IRES MLS
Year Built 1900
Annual Tax Amount $7,929
Lot Size 5,227 Sqft
Acres 0.12
Property Sub-Type Income Property
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.
Location
State CO
County Boulder
Area Boulder
Zoning Multi
Rooms
Basement Full
Interior
Heating Hot Water
Window Features Window Coverings
Exterior
Exterior Feature Balcony
Fence Fenced
Utilities Available Natural Gas Available,Electricity Available
View Foothills View
Roof Type Composition
Street Surface Paved
Building
Lot Description Corner Lot
Story 3
Sewer City Sewer
Water City Water,City
Level or Stories Tri-Level
Structure Type Wood/Frame,Brick/Brick Veneer
New Construction false
Schools
Elementary Schools University Hill
Middle Schools Casey
High Schools Boulder
School District Boulder Valley Dist Re2
Others
Senior Community false
Tax ID R0003564
SqFt Source Assessor
Special Listing Condition Private Owner
Virtual Tour https://www.listingsmagic.com/sps/tour-slider/index.php?property_ID=271843