Duplex with Walkout Lower
For Sale
$698,900
1201 Spruce Ave, Longmont, CO 80501
Residential Income, Longmont, CO
Property Size2,425 SF
Lot Size0.17 Acres
Price / SF$288.21
Days on Market50
Property Features for 1201 Spruce Ave
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Zoning
Multi Fami
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bedroom 2, Bedroom 3, Basement, Bathroom 1, Bedroom 5, Bathroom 2, Bedroom 4, Bathroom 3, Bedroom 6
Window features
Window Coverings
Patio and Porch features
Deck
Interior features
Eat-in Kitchen, Washer/Dryer Hookup
Exterior features
Sprinkler System
Fencing
Fenced
Basement
Full, Partially Finished
Appliances
Electric Range, Dishwasher, Refrigerator, Microwave
Subdivision
Coffmans 2nd
Lot features
Corner Lot, Paved, Curbs, Gutters, Sidewalks
Elementary school
Central
Middle school
Westview
High school
Longmont
Elementary school district
ST Vrain Dist RE 1J
Middle school district
ST Vrain Dist RE 1J
High school district
ST Vrain Dist RE 1J
Standard status
Active
APN
R0120464
Size
2,425 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5209
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Amenities
off-street parking
fenced outdoor space
Building Details
Year built
1995
Floors in Building
2
Number of units
2
Building materials
Frame
Roof type
Composition
Buildings
1
Listing Agency:
RE/MAX Alliance-Longmont · RE/MAX International
(303) 651-3939
Listed By:
Christopher Martinez · License #100040919
(720) 232-8947
Added: Sep 16
Changed: Nov 3
Last Checked: Nov 4 at 8:06AM
MLS# 1068817
Copyright © 2026 IRES MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,425-square-foot duplex-style property pairs a two-story residence with a finished walkout lower level. The upper portion has four bedrooms and two full bathrooms; the lower area adds two bedrooms and one full bathroom, with a lockable interior stairway connecting the spaces. Recent interior updates include paint, carpet, appliances, lighting, plumbing fixtures, and toilets. The roof and water heater are newer. Each living area has a fenced outdoor space, and the property includes a deck, central air, and forced-air heat.
Set on a 0.17-acre lot in Longmont, the property is within walking distance of downtown restaurants, shops, and other destinations. Off-street parking accommodates up to 8 vehicles, or 6 vehicles alongside an RV, boat, or trailer. Zoning is listed as Multi Fami.
Set on a 0.17-acre lot in Longmont, the property is within walking distance of downtown restaurants, shops, and other destinations. Off-street parking accommodates up to 8 vehicles, or 6 vehicles alongside an RV, boat, or trailer. Zoning is listed as Multi Fami.
Key Highlights
- Two living areas: 4 bedrooms and 2 full baths upstairs; 2 bedrooms and 1 full bath in the finished walkout lower level
- 2,425 square feet on a 0.17‑acre lot
- Lockable interior stairway connects the upper residence and lower living area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,329
Cap Rate
6.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$906,580
$906.6K
Cap Rate 7%
$647,557
$647.6K
Cap Rate 9%
$503,656
$503.7K
Market Conditions
NOI Build-Up for 2,425 SF
Gross rent
$69.3K $28.56/SF
− Vacancy
−$4.5K −$1.86/SF
EGI
$64.8K $26.70/SF
− OpEx
−$19.4K −$8.01/SF
NOI
$45.3K $18.69/SF
Area
Boulder County, CO
Vacancy
6.50%
Lease Rate
$28.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$906,580
Cap Rate 7%
$647,557
Cap Rate 9%
$503,656
Alternative Uses
Best Use
Multifamily LT 5
$647.6K
$566.6K – $755.5K
NOI $45,329 @ 7.0% cap · market cap 6.49%
Second Best
Apartment 5plus
$603.1K
$527.7K – $703.6K
NOI $42,215 @ 7.0% cap · market cap 6.04%
Theoretical Best
Office A
$731.7K
$640.2K – $853.6K
NOI $51,216 @ 7.0% cap · market cap 7.33%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,183
Businesses Nearby
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Business Placement
Demographics for 80501, CO
42,822
Population
19,173
Households
2.2
Avg Household Size
38
Median Age
39%
College-Educated
89%
High-School Grad
12.6 sq mi
ZIP Area
3,399
Density / Sq Mi
$77,705
Median Household Income
$42,599
Median Earnings
$1,586
Median Rent
$461,400
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Duplex - Separate living areas support rental, multigenerational, or live-work arrangements.
Where is this duplex located?
The property is located at 1201 Spruce Ave Longmont, CO.
What is the asking price?
The asking price for this property is $698,900.
What are key features of this property?
This property features: Two living areas: 4 bedrooms and 2 full baths upstairs; 2 bedrooms and 1 full bath in the finished walkout lower level; 2,425 square feet on a 0.17‑acre lot; Lockable interior stairway connects the upper residence and lower living area
