724 Mead, Louisville, CO 80027
724 Mead, Louisville, CO 80027
724 Mead, Louisville, CO 80027
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$900,000
Est. payment /mo
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1,765 SqFt
Active Under Contract

724 Mead Louisville, CO 80027

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Chris Mullenberg

Chris Mullenberg

+1(970) 413-1589

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 1,765 sqft

Subdivision Kimberly

MLS Listing ID IRE1063078

HOA Y/N No

Year Built 1985

Annual Tax Amount $4,486

Tax Year 2025

Lot Size 6,534 Sqft

Acres 0.15

Property Sub-Type Multi Family

Source ires

Property Description

INVESTMENT OPPORTUNITY in Old Town Louisville. Rare opportunity to own an income-producing duplex in the heart of Old Town Louisville-ideal for an investor or owner-occupant looking to live in one unit while generating income from the other. Each unit offers 2 bedrooms, 1 bath, private laundry, and a fenced yard. The property has a strong rental history, has never been vacant, and offers a cap rate of approximately 5%. Unit #724: Recently updated with new carpet, flooring, paint, and and bathroom. New windows are scheduled for installation in October 2026. Window AC units provide cooling. Unit #726: Features central AC and is currently leased through December 2026. Tenant may be open to a lease buyout or renewal, offering flexibility for the next owner. Property Improvements: Two new furnaces installed in 2020; new hot water heaters in both units in 2022; exterior paint, new roof and ridge vents completed in 2018. The exceptionally deep 175-foot lot provides ample parking and potential space for a future 2-car garage, subject to city approval. Fabulous location just two blocks from Community Park, featuring concerts, Movies in the Park, a fenced dog park and pond. Vibrant Old Town Louisville, with its restaurants, coffee shops, farmers market and community events, is just a few blocks away, with easy access to the regional trail system. Whether you're building your portfolio or looking for an owner-occupied investment, this property offers income potential, flexibility, and an exceptional Louisville location. 1031 tax exchange for seller.

Location

State CO

County Boulder

Community Kimberly

Area Louisville

Zoning RES

Rooms

Basement None

Interior

Interior Features Separate Dining Room, Open Floorplan

Heating Forced Air

Cooling Central Air

Appliance Electric Range, Dishwasher, Refrigerator

Exterior

Fence Fenced

Utilities Available Electricity Available

View Y/N No

Roof Type Composition

Improvements No

Garage No

Building

Water Public

Level or Stories Two

Structure Type Frame

New Construction false

Schools

Elementary Schools Louisville

Middle Schools Louisville

High Schools Boulder Valley Dist Re2

School District Boulder Valley Dist Re2

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Private Owner

Virtual Tour https://u.listvt.com/mls/252198686

Information and Real Estate Services (IRES)
Listed by Marie Jacobs

I CAN HELP YOU MAKE AN OFFER ON THIS PROPERTY

Chris Mullenberg
Chris Mullenberg

Agent License ID: FA100054438

+1(970) 413-1589 | chris@mullenbergteam.com

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724 Mead