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For sale
  • $775,000

    1291 W 3rd Avenue, Broomfield, CO 80020

    4beds
    4baths
    2,531sqft
    : 
    Quadruplex
    Built in 1960
    -- sqft lot
    $-- Zestimate®
    $306/sqft
    $-- HOA

    What's special

    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.
    20 days
    on Zillow
    |
    907
    |
    43
    |

    Zillow last checked: 7 hours ago

    Listing updated: May 19, 2025 at 01:48pm

    Listed by:

    Jim Knowlton 303-962-9543,

    Pinnacle Real Estate Advisors,

    Robert Lawson 303-962-9555,

    Pinnacle Real Estate Advisors

    Source: REcolorado,MLS#: 6963644MLS Logo
    Travel times

    Tour with a buyer’s agent

    We’ll find a local expert to take you on a private tour of 1291 W 3rd Avenue.

    Next available tour time:Today at 11am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 4
    Heating
    • Baseboard
    Cooling
    • None
    Appliances
    • Laundry: Common Area
    Features
    • Has basement: No
    Interior area
    • Total structure area: 2,531
    • Total interior livable area: 2,531 sqft
    • Finished area above ground: 2,531

    Property

    Parking
    • Total spaces: 4
    • Parking features: Oversized
    • Garage spaces: 4
    Features
    • Levels: Two
    • Stories: 2
    Lot
    • Size: 7,970 Square Feet
    • Features: Flood Zone
    Details
    • Parcel number: R1017122
    • Zoning: R-5
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex
    Materials
    • Brick
    Condition
    • Year built: 1960

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Subdivision: Broomfield Heights
    HOA
    • Has HOA: No
    Location
    • Region: Broomfield

    Financial & listing details

    • Price per square foot: $306/sqft
    • Annual tax amount: $3,547
    • Date on market: 5/1/2025
    • Listing terms: 1031 Exchange,Cash,Conventional,Other
    • Exclusions: Tenant's Personal Property
    • Ownership: Individual
    • Tenant pays: Electricity
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