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$510,000

  • Sold
  • Closed
  • Multi-Family
  • 2 Units
  • 0.22 Acres
  • Updated 3 days ago
See This Home
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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 for 938 Kelly Pl

General

  • Sold For: $510,000
  • Taxes: $3,607 (2025)
  • Status: Closed
  • Type: Multi-Family
  • Source: IRES
  • MLS ID: 1058785
  • Added to Site: 108 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
  • Permitted 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
Sold by eXp Realty LLC (303) 875-0221

Listing agent

— 938 Kelly Pl —

  • RE/MAX of Boulder, Inc

    303-449-7000

3038750221

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 938 Kelly Pl

School District:St. Vrain Valley School District Re 1j
NameGradesDistance
Northridge Elementary School, Longmont, CO
1200 19th Avenue, Longmont, CO 80501
PK-50.5 mi
Longs Peak Middle School
1500 14th Avenue, Longmont, CO 80501
6-81.3 mi
Longmont High School
1040 Sunset Street, Longmont, CO 80501
9-121.9 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
8/19/2026
Sold
$510,000
-3.77%
MLS
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.

Listed by RE/MAX of Boulder, Inc (303) 449-7000
Sold by eXp Realty LLC (303) 875-0221

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938 Kelly Pl, Longmont, CO 80501 (MLS# 1058785) is a Multi-Family property that was sold at $510,000 on August 19, 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.