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$530,000
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Property Description
Some investment listings make you do the math. This one makes the math obvious. Two units, two garages, two private backyards (with sprinklers!), and 21 years of rental history with a combined 11 weeks of vacancy - read that again. Projected rents land between $3,600 and $3,700 a month combined, putting this at a 6.7% cap rate at list. For investors, that's already worth a call. For house-hackers, it's better: live in one side, let the other side's $1,850 cover most of your mortgage, and build equity on someone else's rent check. Both tenants vacate by August 1 - the new owner walks into a clean slate to re-lease at market, move in, or both. The 938 side has newer floors, windows, a Nest thermostat, AC, and a new water heater. The 940 side has new can lights, switches, and a 2020 water heater. A rare find with versatility, value, and strong upside in a desirable location!
Full Property Details
Full Property Details for 938 Kelly Pl
General
- Price: $530,000
- Taxes: $3,607 (2025)
- Status: Active
- Type: Multi-Family
- Source: IRES
- MLS ID: 1058785
- Updated: 5/13/2026
- Added to Site: 18 day(s) ago
Interior
- Interior Features: Eat-In Kitchen, Washer/Dryer Hookup, High Ceilings
- Fireplace(s): None
- Appliances: Electric Range, Dishwasher, Disposal, Fire Alarm
Exterior
- Porch/Patio/Deck: Patio
Parking
- Total Spaces: 2
- Parking Features: Garage Door Opener
Location
- Area: Longmont
- County: Boulder
- Subdivision: Horizon Pkwy
- Driving Directions: Main St & Hwy 66. Head west onto Hwy 66, Turn left onto Pratt St, Turn left onto Kelly Pl. The property will be on the left.
School Information
- School District: ST Vrain Dist RE 1J
- Elementary School: Northridge
- Middle School: Longs Peak
- High School: Longmont
Heating & Cooling
- Cooling Type: Central Air, Ceiling Fan(s)
- Heating Type: Forced Air
Utilities
- Gas: Yes
- Water: City
- Utility Description: Natural Gas Available, Electricity Available, Cable Available, High-Speed Internet Available, Underground Utilities
Structural Information
- Architectural Style: Legal Conforming
- Construction: Brick
- Exterior Const.: Brick
- Basement Desc.: None
- Roof: Composition
- Windows: Window Coverings
- Square Feet: 2,080
- Sq. Ft. Source: Assessor
- Year Built: 1977
Lot Features
- Lot Size (Acres): 0.22
- Lot Size (Sq. Ft.): 9,625
- Frontage: City Street
- Street/Road Desc.: Concrete
- Fence: Yes
- Lot Features: Level, House Faces South, Paved
- Potential Use: Multi-Family, Additional Units
- Zoning: RES
- Fencing (Description): Partial
Green Features
- Energy Efficient: Southern Exposure
Financial Considerations
- Operating Expenses: $7,496
- Tax Amount: $3,607
- Tax Year: 2025
- Terms: Cash, Conventional, FHA, VA
- Tenant Pays: Electricity, Water
Disclosures and Reports
- Special Conditions: Private Owner
- Property ID: R0073065
Listed by RE/MAX of Boulder, Inc (303) 449-7000
Get Pre-Approved Today
Schools
Schools serving 938 Kelly Pl
School District:St. Vrain Valley School District Re 1j
| Name | Grades | Distance |
|---|---|---|
Northridge Elementary School, Longmont, CO 1200 19th Avenue, Longmont, CO 80501 | PK-5 | 0.5 mi |
Longs Peak Middle School 1500 14th Avenue, Longmont, CO 80501 | 6-8 | 1.3 mi |
Longmont High School 1040 Sunset Street, Longmont, CO 80501 | 9-12 | 1.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 938 Kelly Pl
Date
Details
Price
Change
Source
5/13/2026
Listed
$530,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 938 Kelly Pl
Year
Property Taxes
Change
Tax Assessment
Change
2023
$3,202
-1%
$34,363
1%
2024
$3,247
1%
$33,942
-10%
2023
$3,202
11%
$37,627
28%
2021
$2,872
4%
$29,472
5%
2022
$2,774
-3%
$28,029
1%
2021
$2,872
27%
$27,850
17%
2018
$2,262
1%
$23,818
—
2017
$2,232
11%
$23,818
13%
2016
$2,009
5%
$21,014
—
2015
$1,914
20%
$21,014
23%
2014
$1,589
-40%
$17,074
-39%
2019
$2,663
67%
$27,850
63%
2013
$1,595
—
$17,074
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 938 Kelly Pl
938 Kelly Pl, Longmont, CO 80501 (MLS# 1058785) is a Multi-Family property with 2 units containing 0 bedrooms and 0 full bathrooms. 938 Kelly Pl is currently listed for $530,000 and was received on May 07, 2026. Want to learn more about 938 Kelly Pl? Do you have questions about finding other Multi-Family real estate for sale in Longmont? You can browse all Longmont real estate or contact a Coldwell Banker agent to request more information.

