# 938 Kelly Pl, Longmont, CO 80501

> **TL;DR:** 4bd/2ba residential multi family, $530,000 ($255/sqft), built 1977, 2,080 sqft.
> A/C. Est. $2,297/mo. Listed 25 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $530,000 |
| Price/sqft | $255 |
| Bedrooms | 4 |
| Bathrooms | 2 full |
| Square Feet | 2,080 |
| Year Built | 1977 |
| Lot Size | 9,583 sqft (0.22 acres) |
| Stories | 1 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 25 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $2,297 |
| **Total** | **$2,297** |

## Nearby Schools

- **Elementary:** Northridge
- **Middle:** Longs Peak
- **High:** Longmont

## Key Amenities

- A/C

## Property Highlights

- Built in 1977
- 0.22 acre lot
- 2 parking spaces

## Description

### Agent 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!

## Location

- **Address:** 938 Kelly Pl, Longmont, CO 80501
- **County:** Boulder
- **Neighborhood:** Horizon Pkwy
- **Coordinates:** 40.20123, -105.106272
- **Google Maps:** https://www.google.com/maps?q=40.20123,-105.106272

## Listing Agent

- **Name:** Katie Muller
- **Brokerage:** RE/MAX of Boulder, Inc
- **Phone:** 3038750221
- **Email:** katie@mullergroup.info

## Primary Photo

![938 Kelly Pl - Primary Photo](http://lh.rdcpix.com/c8e0d422249878de2af8c9dbd98c06e6l-f1705703877r.jpg)

*18 total photos available on [listing page](https://www.propertysimple.com/listing/938-kelly-pl-longmont-co-80501-1058785)*

---

**MLS#:** 1058785 | **Updated:** 2026-06-18
**Source:** listhub

*Copyright © 2026 IRES MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/938-kelly-pl-longmont-co-80501-1058785)

---

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  "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 e",
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