938 Kelly Place Longmont CO 80501 MLS #RECIR1058785

938 Kelly Place
Longmont, CO, 80501
$530,000
MLS #RECIR1058785 image #0
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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!

Property Details

Price:
$530,000
MLS #:
RECIR1058785
Status:
Active
Beds:
4
Baths:
2
Type:
Multi Family
Subtype:
Duplex
Subdivision:
Horizon Pkwy
Finished Sq Ft:
2,080
Total Sq Ft:
2,080
Lot Size:
9,625 sqft / 0.22 acres (approx)
Year Built:
1977
Units:
2
Horizon PkwySt. Vrain Valley Re-1jNorthridgeLongs PeakLongmont

Schools

School District:
St. Vrain Valley RE-1J
Elementary School:
Northridge
Middle School:
Longs Peak
High School:
Longmont

Interior

Appliances
Dishwasher, Disposal, Oven
Cooling
Ceiling Fan(s), Central Air
Heating
Forced Air
Interior Features
Eat-in Kitchen, No Stairs
Laundry Features
In Unit
Levels
One

Exterior

Construction Materials
Brick
Direction Faces
South
Fencing
Partial
Lot Features
Level
Parking Spots
2
Parking Total
2
Patio And Porch Features
Patio
Roof
Composition
Security Features
Smoke Detector(s)
Window Features
Window Coverings

Financial

Net Operating Income
$35,488
Tax Year
2025
Taxes
$3,607

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Property Summary

    Located in the Horizon Pkwy subdivision, 938 Kelly Place Longmont CO is a Multi Family for sale in Longmont, CO, 80501. It is listed for $530,000 To schedule a showing of MLS#recir1058785 at 938 Kelly Place in Longmont, CO, contact your Smart Sale AI agent at 3039066915.

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Additional Details

MLS ID : RECIR1058785
Listing Key : REC2054078661
Parcel Number : R0073065
Zip Code : 80501
City : Longmont
State : CO
Building if Condo :
Full Street: 938 Kelly Place
Address : 938
Address Prefix :
Address Suffix : Place
Street : Kelly
Street Prefix :
Street Suffix :
Unit if Condo :
Latitude : 40.201229
Longitude : -105.106270
Property Type : multifamily
Property Sub Type : Duplex
Stories Total if Condo :
Lot Size : 9,625 sqft / 0.22 acres (approx)
Ownership : Individual
Zoning : RES
Condition :
Renovation :
Pets Allowed :
Special Conditions :
Possession : Closing/DOD
Original Price : 530000
Close Price :
Close Date :
List Date : May 7, 2026
List Contract Date : 2026-05-07
Off Market Date :
Purchase Contract Date :
Days on Market : 19
Concessions Amount :
Concession Comment :
Renovation :
Company : RE/MAX of Boulder, Inc
disclosure
Courtesy of RE/MAX of Boulder, Inc. Disclaimer: Based on information submitted to the MLS GRID as of 2026-05-26 5:13:14 am. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Copyright 2026. All rights reserved.
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938 Kelly Place
Longmont, CO