Boulder, CO 80302 508 Pearl Street
$3,000,000
9 more
Presented By: CBRE Inc;
- MLS# IR1035886
- 06/04/2025
Disclaimer: The information contained in this listing has not been verified by LoKation® Real Estate and should be verified by the buyer.
SQFT • 3,603
Home Details
CBRE is pleased to present 508 Pearl St, a four-unit apartment building in Boulder, Colorado. The property was constructed in 1876 and features four two-bedroom, one-bathroom units with in-unit laundry hookups. Approximately $500k in exterior and interior renovations have been completed. Three of the four units have dishwashers, and the building has been completely renovated inside and out. The building is located in one of the most bulletproof rental and housing markets in the entire nation, Boulder, Colorado. The property is within walking distance of downtown Pearl Street and offers tenants immediate access to significant employment and lifestyle amenities.
Presented By: CBRE Inc;
Interior Features for 508 Pearl Street
Bedrooms
Main Level Bedrooms
Other Interior Features
BasementNone
Basement (Y/N)No
General for 508 Pearl Street
Cap Rate3.51
CityBoulder
ConcessionsNo
Construction MaterialsFrame
CoolingCentral Air
CountyBoulder
Elementary SchoolUniversity Hill
Elementary School DistrictBoulder Valley RE 2
ExclusionsTenant's personal property
Facing DirectionNorth
Gross Income
HOANo
HeatingForced Air
High SchoolBoulder
High School DistrictBoulder Valley RE 2
LevelsTwo
Lot Size Square Feet7936
Middle/Junior High SchoolCasey
Net Operating Income105355
Number Of Units Total4
Occupancy TypeTenant
Operating Expense31445
OwnershipIndividual
Patio/Porch FeaturesDeck
PossessionClosing/DOD
Possible UseMulti-Family
Property SubtypeQuadruplex
Property TypeResidential Income
RoofComposition
Standard StatusActive
StatusActive
Subdivision NameBoulder O T East & West & North
Tax Annual Amount17063
Tax Year2024
Tenant PaysElectricity, Gas
UtilitiesElectricity Available, Natural Gas Available
ViewMountain(s)
Year Built1876
ZoningN/A
Exterior for 508 Pearl Street
Building Area Total3603
Lot Size Acres0.18
Total Parking4
Water SourcePublic
Additional Details
Price History
Schools
Middle School
Casey Middle School
High School
Boulder High School
Elementary School
University Hill Elementary School
