1540 Grove Street
Boulder, CO 80302
- – beds
- – baths
- 2,600 sqft
- 5,215 sqft lot
- $500 per sqft
- 1900 build
- – on site
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.
Last checked:
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Last updated Apr 18, 2025
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MLS# IR1031559 —
This property is listed in more than one place. See it here.
The Building
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Year Built:1900
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Construction Materials:Brick, Frame
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Exterior Features:Balcony
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Window Features:Window Coverings
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Roof:Composition
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Basement:true
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Levels:Tri-Level
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Building Area Total:2600
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Building Area Source:Assessor
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Property Attached:true
Location
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Latitude:40.01519
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Longitude:-105.27384
The Property
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Property Type:Residential Income
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Property Subtype:Triplex
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Parcel Number:R0003564
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Possible Use:Multi-Family
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Zoning:Multi
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Lot Features:Corner Lot, Flood Zone
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Lot Size Acres:0.12
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Lot Size SqFt:5215
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Exclusions:Tenant's personal property and staging items.
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View:Mountain(s)
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Road Frontage Type:Public
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Road Surface Type:Paved
Listing Agent
- Contact info:
- Agent phone:
- (303) 588-8999
- Office phone:
- (303) 442-3180
Taxes
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Tax Year:2024
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Tax Annual Amount:7929
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Tax Legal Description:LOT 5 BLK 3 ORCHARD HOME
The Listing
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Virtual Tour URL Unbranded:https://www.listingsmagic.com/sps/tour-slider/index.php?property_ID=271843
Heating & Cooling
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Heating:Hot Water
Utilities
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Utilities:Electricity Available, Natural Gas Available
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Sewer:Public Sewer
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Water Source:Public
Schools
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Elementary School:University Hill
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Elementary School District:Boulder Valley RE 2
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Middle Or Junior School:Casey
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High School:Boulder
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High School District:Boulder Valley RE 2
The Community
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Subdivision Name:Orchard Home
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Association:false
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).