650-654 Inca PKWY, Boulder, CO 80303
650-654 Inca PKWY, Boulder, CO 80303
650-654 Inca PKWY, Boulder, CO 80303
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$2,537,000
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0.28 Acres Lot
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650-654 Inca PKWY Boulder, CO 80303

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Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Subdivision Frasier Meadows

MLS Listing ID IR1057694

Style Contemporary

HOA Y/N No

Year Built 1962

Lot Size 0.280 Acres

Acres 0.28

Property Sub-Type Triplex

Property Description

Well-maintained and high-performing triplex in a Williams Village neighborhood, offering a rare combination of high in-place income, long-term tenant stability, and future upside. Each of the three units features 5 bedrooms and 2 bathrooms, resulting in an income profile that outperforms that of typical small multifamily properties. The property has achieved 100% occupancy during ownership, with a consistent history of tenant retention and steady rent growth. Current leases are in place through August 2027, providing immediate income stability for a new owner. The tenant base has historically included academically focused renters, contributing to lower turnover and reliable performance. Extensive capital improvements have been completed over time, including roof replacement, updated windows, remodeled kitchens and bathrooms, furnace upgrades, sump pumps, and appliance replacement. The result is a well-cared-for asset with minimal deferred maintenance. Located in an established residential setting with convenient access to transit along Baseline Road, bike routes, and nearby amenities, including parks, recreation, and neighborhood shopping. The property is also within close proximity to the University of Colorado, supporting consistent rental demand. Additional upside potential exists through interior updates to one unit and continued rent optimization over time. RM-2 zoning allows for flexibility in future use (subject to City of Boulder approval), adding long-term optionality. A compelling opportunity for investors seeking stable income, strong rental fundamentals, and a well-maintained asset in one of Boulder's most desirable rental markets. Financials: Cap Rate - 5.5; GRM - 14.14; NOI - $139,582; Vacancy Rate - 0.

Location

State CO

County Boulder

Zoning HRE

Direction West

Rooms

Basement Full

Interior

Heating Forced Air

Flooring Wood

Appliance Dishwasher, Dryer, Oven, Refrigerator, Washer

Exterior

Fence Partial

Utilities Available Cable Available, Electricity Available, Internet Access (Wired), Natural Gas Available

Waterfront Description Public

Roof Type Composition

Private Pool No

Building

Faces West

Story One

Sewer Public Sewer

Water Public

Architectural Style Contemporary

Schools

School District Elementary: Boulder Valley Re 2, High: Boulder Valley Re 2

Others

Tax ID R0015155


REColorado MLS
Listed byStellar Properties, LLC

Nearby Locations

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Travis Hightower

Travis Hightower

+1(303) 829-7724

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TESTIMONIALS

Travis Hightower is an exceptional real estate professional. I worked with him on the sale of my condo, and his professionalism, initiative, and attention to detail were outstanding from beginning to end. Travis took ownership of the entire process. He coordinated the contractors, got the property market-ready quickly, and produced a listing that stood well above the competition. The photography and presentation were first-class. He even took the initiative to meet with the HOA to better understand the property's finances, future plans, and implications for residents. The results spoke for themselves. Despite listing in December, we were under contract within a week and closed in less than a month. We also achieved an excellent price, particularly considering a condo one building over sold for approximately 11% less just a few months later. I was traveling internationally during much of the process, but Travis and his team made everything straightforward. Communication was consistently clear, responsiveness was excellent, and the closing team was equally professional and reasonable in its fees. Real estate is clearly more than a profession to Travis. He lives and breathes it, and that commitment shows in the quality of his work, the people he surrounds himself with, and the results he delivers. Beyond his professionalism, Travis is genuinely warm, personable, and a pleasure to work with. He has a way of making you feel at ease and that you're in good hands. I couldn't be happier with the experience and would recommend Travis without hesitation.

James

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650-654 Inca PKWY