Selected for the Terner Labs Housing Venture Lab

1201-1203 Spruce Avenue, Longmont, CO 80501

Active
Listed 57 days ago
Owner-Occupant Eligible
$698,900

About $2,537 a month to live here, after the rent from the other home.

Duplex2,425 sqft6 beds3 bathsListed Sep 16, 2026

A duplex. Live in one home and rent out the other. How it works

Live here for about

$2,537a month

The other home rents for $1,700. We hold back $281 of that for repairs and an empty month, and the rest goes toward a $3,956 monthly payment.

Income to qualify: about $95,000 a year

With how much down?

At 20% down ($139,780) and 5.6%, 30-year fixed. Your rate and down payment change this.

Get rich slow: keep this loan ten years and the payments pay off about $96,000 of it. See the ten-year math

See which homes fit your numbers
How we work this out

The cost to live here is the loan payment, taxes, insurance and any dues, less the rent, with a little held back for repairs and an empty month. Income to qualify uses a 43% debt-to-income limit, counts 75% of the rent, and none of your other debts.

$24,462 minimum down payment. The cost above is at 20% down, and at the minimum it is higher. Set your own

ABOUT THIS HOME

RENT-TO-OWN - START BUYING THIS HOUSE WITHOUT GETTING A MORTGAGE.(contact agent for details) OR $10,000 CONCESSION AVAILABLE WITH AN ACCEPTABLE OFFER! Rare opportunity in the heart of Old Town Longmont! Located in the sought-after Bohn Farm neighborhood and within walking distance of vibrant Downtown Longmont, this completely refreshed property offers incredible flexibility for living, working, and investing. With 6 bedrooms and 3 full baths, the home features a spacious two-story, 4-bedroom, 2-bath residence plus a fully finished 2-bedroom, 1-bath walkout lower level connected by a lockable interior staircase.Fresh, turn-key, and ready to go with new interior paint, new carpet, new appliances, new light fixtures, new plumbing fixtures, and new toilets, plus a newer roof and hot water heater.The versatile layout opens the door to countless possibilities. Use the property as a duplex, create a multi-generational setup, live in one portion while generating rental income from the other, or take advantage of the unique live/work potential. Live on the upper two floors and operate your business from the walkout lower level-or reverse the arrangement to fit your needs. Each living area also enjoys its own fenced outdoor space for added privacy.Exceptional off-street parking is another standout feature, with room for up to 8 vehicles-or 6 vehicles plus an RV, boat, trailer, or other recreational toys-a rare find this close to Downtown.Enjoy the character of Old Town while being just a short walk from Downtown Longmont's restaurants, breweries, coffee shops, shopping, entertainment, and community events.Whether you're looking for a turn-key home, duplex opportunity, income-producing property, multi-generational setup, or live/work space, this property delivers an exceptional combination of location, flexibility, parking, and potential.

Duplex

Property Type

7,440 sqft

Lot Size

1995

Year Built

Listing Date: 09/16/2026

Listed by: Christopher Martinez

Listing office: RE/MAX Alliance-Longmont

Contact: 720-232-8947

Source: REcolorado #IR1068817

Series Homes is committed to full compliance with the Fair Housing Act and the Equal Credit Opportunity Act.

CHOOSE YOUR UNIT

Tap the one you would live in. The rest pay rent, and that rent comes off your monthly cost.

If someone lives in the unit you want, or a lease comes with the home, ask how moving in works on this one.

CHECK OUR MATHEvery line of the monthly cost is in here. Change the price or the down payment and watch it move.

OFFER PRICE

Change your offer and watch the monthly cost move.

Purchase Price

-15%
$698,900

List Price

+15%

FINANCIALS

How much do you want to put down?

Purchase price$698,900
Your Down Payment$139,780
Financed$559,120
Estimated Monthly Payment$3,956

Before rent: principal and interest at 5.6% on a 30-year fixed loan, taxes, insurance and any HOA dues. Your rate and down payment change this.

MONTHLY BREAKDOWN

Estimate at 20% down ($139,780) and 5.6%, 30-year fixed. Your rate and down payment change this.

Estimated Monthly Payment (Before Rental Income)
$3,956/month
Principal + Interest
$3,210
Property Taxes
$434
Home Insurance
$312
Rental Income (1 Unit)
$1,700/month

From nearby rental comps.

Rental Expenses
-$281
Cost to live here
$2,537/month

Payment estimates shown by Series are illustrative only. Final loan terms, monthly payments, and eligibility will be determined by your mortgage loan originator.

BEFORE YOU OFFER

Now run it on your paycheck.

This page is priced at one down payment and one rate. Send the address and we run it at yours: what you would pay each month after rent, and which loan works on this home.

Free. No credit pull.

REcolorado logo

MLS# IR1068817 · Listing office: RE/MAX Alliance-Longmont

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