1291 W 3rd Avenue, Broomfield, CO 80020 (MLS # 6963644)
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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, [email protected] with any questions.
| DAYS ON MARKET | 11 | LAST UPDATED | 5/1/2025 |
|---|---|---|---|
| TRACT | Broomfield Heights | YEAR BUILT | 1960 |
| GARAGE SPACES | 4.0 | COUNTY | Broomfield |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| Elementary School | Emerald |
|---|---|
| Jr. High School | Aspen Creek K-8 |
| High School | Broomfield |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| CONSTRUCTION | Brick |
| GARAGE | Yes |
| HEAT | Baseboard |
| LOT | 7841 sq ft |
| PARKING | Oversized |
| SEWER | Public Sewer |
| STORIES | 2 |
| SUBDIVISION | Broomfield Heights |
| TAXES | 3547 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Jim Knowlton, Pinnacle Real Estate Advisors
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