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$2,910,000
New Listing

650-654 Inca Parkway
Boulder, CO 80303

For Sale|Triplex|Active
0
Beds
0
Total Baths
5,589
SqFt
$521
/SqFt
1962
Built
Subdivision:
Frasier Meadows
County:
Boulder
650-654 Inca Parkway650-654 Inca Parkway650-654 Inca Parkway650-654 Inca Parkway
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Monthly Payment (Est.)

$13,277
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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, radon mitigation, 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.

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Listing Snapshot
Price 
$2,910,000
Days On Site 
0 Days
Bedrooms 
N/A
Inside Area (SqFt) 
5,589 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.28 Acres
Year Built 
1962
MLS® Number 
IR1057694
Status 
Active
Property Tax 
$10,098
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Appraiser
Friends & Family
Recent Activity
13 hours agoListing updated with changes from the MLS®
18 hours agoListing first seen on site
General Features
Acres 
0.28
Additional Property Use 
Multi-Family
Direction Faces 
West
Levels 
One
Parking Spaces 
3
Property Sub Type 
Triplex
Sewer 
Public Sewer
SqFt Total 
5589
Style 
Contemporary
Utilities 
Cable AvailableElectricity AvailableNatural Gas Available
Water Source 
Public
Zoning 
HRE
Interior Features
Appliances 
DishwasherDryerOvenRefrigeratorWasher
Basement 
Full
Flooring 
Wood
Heating 
Forced Air
Window Features 
Window Coverings
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Exterior Features
Construction Details 
Brick
Fencing 
Partial
Lot Features 
Wooded
Roof 
Composition
Windows/Doors 
Window Coverings
Community Features
Financing Terms Available 
1031 ExchangeCashConventional
School District 
Boulder Valley RE 2
Schools
School District
Boulder Valley RE 2
Elementary School
Eisenhower
Middle School
Manhattan
High School
Fairview
Listing courtesy of Stellar Properties, LLC tony@StellarProperties.net



The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange ("IDX") program of METROLIST, INC., DBA RECOLORADO real estate listings held by brokers other than Stellar Properties, LLC are marked with the IDX Logo. This information is being provided for the consumers' personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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