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.
Sold for $763,000 on 06/28/25
$763,000
1291 W 3rd Avenue, Broomfield, CO 80020
4beds
4baths
2,531sqft
Quadruplex
Built in 1960
-- sqft lot
$771,300 Zestimate®
$301/sqft
$1,960 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: June 28, 2025 at 10:15am
Listed by:
Jim Knowlton 303-962-9543 jknowlton@pinnaclerea.com,
Pinnacle Real Estate Advisors,
Robert Lawson 303-962-9555,
Pinnacle Real Estate Advisors
Bought with:
Ty Hart, 100041879
RE/MAX Alliance
Source: REcolorado,MLS#: 6963644

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 sqft
- 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 & neighborhood
Location
- Region: Broomfield
- Subdivision: Broomfield Heights
Other
Other facts
- Listing terms: 1031 Exchange,Cash,Conventional,Other
- Ownership: Individual
Services availability
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Estimated market value
$771,300
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$771,300