1291 W 3rd Ave Broomfield, CO 80020
Property details
About 1291 W 3rd Ave
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.
Highlights
Summary
- Basement: No
- Total Bedroom Count: 4
- Garage Space: 4 spaces
- Attached Garage: No
- Parking: Oversized
- Heating: Baseboard
- Cooling: None
- List Price: $775,000
- Price/SqFt: $306
- Annual Tax Amount: $3,539
- Tax Year: 2024
- Lot: Flood Zone
- Year Built: 1960
- Living Area: 2,531 SqFt
- Lot Size: 0.18 Acres
- MLS Number: 6963644
- MLS Name: RECOLORADO
- Office Name: Pinnacle Real Estate Advisors
- Office Phone: (303) 962-9555
- Listing Agent: Jim Knowlton
Listings courtesy of REColorado as distributed by MLS GRID.
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6455 S. Yosemite St., Suite 300
Greenwood Village, CO 80111 USA
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Last updated on: 5/3/2025, 12:12:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$775,000
1291 W 3rd Ave
$9,203
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Mar 08, 2005 | Home Sold | $323,000 |
| Nov 13, 2003 | Home Sold | $276,500 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $40,930 | $3,539 |
| 2023 | $32,640 | $3,155 |
| 2022 | $32,640 | $3,209 |
| 2021 | $34,330 | $2,691 |
| 2020 | $28,800 | $2,686 |
| 2019 | $28,800 | $2,038 |
| 2018 | $21,600 | $2,007 |
| 2017 | $23,880 | $1,801 |
History based on county public records data.
Nearby schools
5
Emerald Elementary School
Public District PK-5
0.4 mi
•755 W Elmhurst Pl
7
Kohl Elementary School
Public District PK-5
0.6 mi
•1000 W 10th Ave
6
Birch Elementary School
Public District PK-5
1.5 mi
•1035 Birch St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $41,547. Typical income of Broomfield, CO residents is between $35k-100k annually. Residents typically live in single, no kids family. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Soccer
Pro Boxing
Continuing Education Courses
Where do the neighbors shop?
Forever 21
Burlington
Express/Express For Men
Where do the neighbors go to eat?
Dominos Pizza
Popeyes
Qdoba
What do the neighbors drive?
Mazda
Dodge
Volkswagen
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Contemporary
Rock
This home is located at 1291 W 3rd Ave in Broomfield, CO and zip code 80020 in the Broomfield Heights neighborhood. This 2,531 square foot home, which was built in 1960, sits on a 0.18 acre lot. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since May 1, 2025 and is currently priced at $775,000.
In April 2025 more than 31 listings in Broomfield, CO were sold above the asking price. During the same period more than 23 listings were sold at asking price, while more than 46 were sold below. The inventory of homes for sale in Broomfield, CO between March and April 2025 increased by 13.5%. While the average time on the market in April 2025 was 30 days, the median list price was $605,746.