Five-Bedroom
For Sale
$2,537,000
650 Inca Pkwy, Boulder, CO 80303
Residential Income, Boulder, CO
Property Size5,589 SF
Lot Size0.28 Acres
Price / SF$453.93
Days on Market161
Property Features for 650 Inca Pkwy
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
HRE
Bedrooms
15
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 12, Bedroom 5, Bedroom 4, Bedroom 15, Bathroom 6, Bedroom 6, Bedroom 9, Bathroom 5, Bathroom 2, Basement, Bathroom 1, Bedroom 1, Bathroom 4, Bedroom 2, Bedroom 10, Bedroom 14, Bedroom 3, Bathroom 3, Bedroom 13, Bedroom 11, Bedroom 7, Bedroom 8
Parking
3
Window features
Window Coverings
Basement
Full, Partially Finished
Appliances
Electric Range, Dishwasher, Refrigerator, Washer, Dryer
Subdivision
Frasier Meadows
Lot features
Deciduous Trees, House Faces West
Elementary school
Eisenhower
Middle school
Manhattan
High school
Fairview
Elementary school district
Boulder Valley Dist RE2
Middle school district
Boulder Valley Dist RE2
High school district
Boulder Valley Dist RE2
Standard status
Active
APN
R0015155
Size
5,589 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
10098
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Forced Air
Building Details
Year built
1962
Floors in Building
1
Number of units
3
Flooring type
Wood
Building materials
Brick
Roof type
Composition
Architectural style
Contemporary
Listing Agency:
Stellar Properties, LLC
(303) 442-2448
Listed By:
Antonio Martinez
(303) 886-4065
Added: Apr 29
Changed: Sep 13
Last Checked: Oct 6 at 11:06PM
MLS# 1057694
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.
Investment Insights
Based on property information with market context.
This triplex contains three residential units, each configured with five bedrooms and two bathrooms, for a total of 5,589 square feet on 0.28 acres. Built in 1962, the property features brick construction, wood flooring, forced-air heating, composition roofing, and public sewer service. Improvements include a replaced roof, updated windows, remodeled kitchens and bathrooms, upgraded furnaces, sump pumps, and replacement appliances.
At 650 Inca Pkwy in Boulder, the property is near transit along Baseline Road, bike routes, parks, recreation, neighborhood shopping, and the University of Colorado. Occupancy has been 100% during ownership, and current leases run through August 2027. Reported operating metrics include a 5.5 cap rate, 14.14 GRM, and 0% vacancy rate.
At 650 Inca Pkwy in Boulder, the property is near transit along Baseline Road, bike routes, parks, recreation, neighborhood shopping, and the University of Colorado. Occupancy has been 100% during ownership, and current leases run through August 2027. Reported operating metrics include a 5.5 cap rate, 14.14 GRM, and 0% vacancy rate.
Key Highlights
- Three units, each with 5 bedrooms and 2 bathrooms
- 5,589‑square‑foot triplex on 0.28 acres
- 100% occupancy during ownership
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$94,498
Cap Rate
3.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,889,960
$1.9M
Cap Rate 7%
$1,349,971
$1.3M
Cap Rate 9%
$1,049,978
$1.0M
Market Conditions
NOI Build-Up for 5,589 SF
Gross rent
$142.9K $25.56/SF
− Vacancy
−$7.9K −$1.41/SF
EGI
$135.0K $24.15/SF
− OpEx
−$40.5K −$7.25/SF
NOI
$94.5K $16.91/SF
Area
Boulder, CO
Vacancy
5.50%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,889,960
Cap Rate 7%
$1,349,971
Cap Rate 9%
$1,049,978
Alternative Uses
Best Use
Multifamily LT 5
$1.35M
$1.18M – $1.57M
NOI $94,498 @ 7.0% cap · market cap 3.72%
Second Best
Apartment 5plus
$1.26M
$1.10M – $1.47M
NOI $88,069 @ 7.0% cap · market cap 3.47%
Theoretical Best
Office A
$1.89M
$1.65M – $2.20M
NOI $132,204 @ 7.0% cap · market cap 5.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
774
Businesses Nearby
Explore this area
Business Placement
Demographics for 80303, CO
25,328
Population
12,583
Households
2
Avg Household Size
32
Median Age
79%
College-Educated
99%
High-School Grad
21.9 sq mi
ZIP Area
1,157
Density / Sq Mi
$77,344
Median Household Income
$31,661
Median Earnings
$1,833
Median Rent
$941,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit property with substantial capital improvements and leases extending through August 2027.
Where is this triplex located?
The property is located at 650 Inca Pkwy Boulder, CO.
What is the asking price?
The asking price for this property is $2,537,000.
What are key features of this property?
This property features: Three units, each with 5 bedrooms and 2 bathrooms; 5,589‑square‑foot triplex on 0.28 acres; 100% occupancy during ownership
