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!
For sale
$530,000
938 Kelly Pl, Longmont, CO 80501
4beds
2baths
2,080sqft
Multi Family
Built in 1977
-- sqft lot
$527,400 Zestimate®
$255/sqft
$-- HOA
What's special
- 64 days |
- 123 |
- 7 |
Zillow last checked:
Listing updated:
Listed by:
Katie Muller 303-875-0221,
RE/MAX of Boulder, Inc
Source: IRES as distributed by MLS GRID,MLS#: 1058785
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Heating
- Forced Air
Cooling
- Central Air, Ceiling Fan(s)
Appliances
- Included: Electric Range, Dishwasher, Disposal
- Laundry: Washer/Dryer Hookup
Features
- Eat-in Kitchen, High Ceilings
- Windows: Window Coverings
- Basement: None
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 2,080
- Total interior livable area: 2,080 sqft
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Garage Door Opener
- Has garage: Yes
Accessibility
- Accessibility features: Level Lot, No Stairs, Main Floor Bath, Accessible Bedroom
Features
- Levels: One
- Stories: 1
- Patio & porch: Patio
- Fencing: Partial
Lot
- Size: 9,625 Square Feet
- Features: Level, Paved
Details
- Parcel number: R0073065
- Zoning: RES
- Special conditions: Private Owner
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Legal Conforming
- Property subtype: Multi Family
Materials
- Brick
- Roof: Composition
Condition
- New construction: No
- Year built: 1977
Utilities & green energy
- Water: City
- Utilities for property: Natural Gas Available, Electricity Available, Cable Available, High Speed Avail, Underground Utilities
Green energy
- Energy efficient items: Southern Exposure
Community & HOA
Community
- Security: Fire Alarm
- Subdivision: Horizon Pkwy
HOA
- Has HOA: No
Location
- Region: Longmont
Financial & listing details
- Price per square foot: $255/sqft
- Tax assessed value: $549,800
- Annual tax amount: $3,607
- Date on market: 5/12/2026
- Listing terms: Cash,Conventional,FHA,VA Loan
- Tenant pays: Electricity, Water
- Electric utility on property: Yes
- Road surface type: Concrete
Estimated market value
$527,400
$501,000 - $554,000
$2,194/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/14/2026 | Listed for sale | $530,000$255/sqft |
Source:  REcolorado as distributed by MLS GRID #IR1058785 Report a problem | ||
| 6/15/2026 | Pending sale | $530,000$255/sqft |
Source: REcolorado as distributed by MLS GRID #IR1058785 Report a problem | ||
| 5/13/2026 | Listed for sale | $530,000$255/sqft |
Source:  IRES as distributed by MLS GRID #1058785 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,247 +1.4% | $34,363 -10% |
| 2024 | $3,202 +15.5% | $38,189 +0.5% |
| 2023 | $2,774 -3.4% | $37,992 +35.5% |
| 2022 | $2,872 +6.1% | $28,029 -4.9% |
| 2021 | $2,705 | $29,472 +5.8% |
| 2020 | $2,705 +19.6% | $27,850 |
| 2019 | $2,262 | $27,850 +16.9% |
| 2018 | $2,262 | $23,818 -9.5% |
| 2017 | $2,262 +12.6% | $26,332 +25.3% |
| 2016 | $2,009 +4.9% | $21,014 +23.1% |
| 2015 | $1,914 +20% | $17,074 |
| 2014 | $1,595 -4.8% | $17,074 |
| 2013 | $1,676 +6.8% | $17,074 -5.5% |
| 2012 | $1,570 -6.7% | $18,070 |
| 2011 | $1,682 +1.8% | -- |
| 2010 | $1,652 +2.9% | $19,540 |
| 2009 | $1,605 +12.1% | $19,540 -11% |
| 2008 | $1,431 +0.8% | $21,960 -10.9% |
| 2007 | $1,419 -1.8% | $24,640 +13.5% |
| 2006 | $1,445 -6.4% | $21,700 |
| 2005 | $1,543 +1.2% | $21,700 -7% |
| 2004 | $1,525 +11.9% | $23,330 |
| 2003 | $1,363 +10.5% | $23,330 +29.7% |
| 2002 | $1,233 | $17,990 -90.8% |
| 2001 | -- | $196,600 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Garden Acres
Nearby schools
GreatSchools rating
- 4/10Northridge Elementary SchoolGrades: PK-5Distance: 0.5 mi
- 3/10Longs Peak Middle SchoolGrades: 5-8Distance: 1.3 mi
- 7/10Longmont High SchoolGrades: 9-12Distance: 1.8 mi
Schools provided by the listing agent
- Elementary: Northridge,Northridge
- Middle: Longs Peak
- High: Longmont
Source: IRES as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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A local agent can set up tours, give advice and negotiate with sellers.
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