Solar-Equipped Accessible
For Sale
$385,000
1015 E 3rd St, Pueblo, CO 81001
Residential Income, Pueblo, CO
Property Size3,105 SF
Lot Size0.07 Acres
Price / SF$123.99
Days on Market44
Property Features for 1015 E 3rd St
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
R-4
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 5, Bedroom 1, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 7, Bedroom 3, Bedroom 4, Bedroom 8, Bedroom 6, Bathroom 4, Bedroom 2
Parking
4
Parking features
RV, Garage - Detached
Window features
Window Coverings
Patio and Porch features
Porch, Deck
Interior features
Ceiling Fan(s), Walk-in Shower
Exterior features
Outdoor Lighting-Rear
Fencing
Fenced
Appliances
Dishwasher-Some, Refrigerator-All
Subdivision
Eastside
Lot features
Trees- Rear, Trees- Front
Elementary school
60
Middle school
60
High school
60
Standard status
Active
APN
0431122015
Size
3,105 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOTS 15 - 20 BLK 12 WINTERS ADD FORMERLY 431122008 & 009
Tax Annual Amount
1305
Legal Description
LOTS 15 - 20 BLK 12 WINTERS ADD FORMERLY 431122008 & 009
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Amenities
solar panels
wheelchair accessible
central A/C
stainless steel appliances
back deck
private patio
washer/dryer in attached unit
Building Details
Year built
1944
Floors in Building
2
Number of units
3
Flooring type
Hardwood, Tile
Building materials
Frame
Roof type
Composition
Architectural style
Ranch
Additional Structures
Guest House
Listing Agency:
eXp Realty, LLC
(888) 440-2724
Listed By:
Felicia Beltran · License #100008892
(719) 252-1252
Added: Jul 14
Changed: Aug 20
Last Checked: Aug 26 at 4:06AM
MLS# 238686
Copyright © 2026 Pueblo Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This triplex property includes a primary residence and an attached private living unit. The main home provides 3 bedrooms and 2 full bathrooms, including a wheelchair-accessible bathroom with a heated walk-in tub, along with central A/C. The separate unit has 2 bedrooms, 1 bathroom, a full kitchen, washer and dryer, living room, and private patio. A lower level offers potential for additional living space, up to three bedrooms, and a 1.5-bath configuration, with plumbing in place for a possible future kitchen.
The 3,105-square-foot property sits on 0.069 acres at 1015 E 3rd St in Pueblo and is zoned R-4. Improvements include 20 paid-off solar panels, a newer roof and gutters installed in 2022, a 4-car carport, a large parking area, stainless steel appliances in the main kitchen, and public water and sewer. Mountain and city views are noted, with access to I-25. The property is reported as fully rented, with tenants interested in remaining.
The 3,105-square-foot property sits on 0.069 acres at 1015 E 3rd St in Pueblo and is zoned R-4. Improvements include 20 paid-off solar panels, a newer roof and gutters installed in 2022, a 4-car carport, a large parking area, stainless steel appliances in the main kitchen, and public water and sewer. Mountain and city views are noted, with access to I-25. The property is reported as fully rented, with tenants interested in remaining.
Key Highlights
- 3,105 SF triplex property on a 0.069‑acre lot
- 20 paid‑off solar panels
- Main home offers 3 bedrooms and 2 full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,416
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.60%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$508,320
$508.3K
Cap Rate 7%
$363,086
$363.1K
Cap Rate 9%
$282,400
$282.4K
Market Conditions
NOI Build-Up for 3,105 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$37.6K $12.12/SF
− Vacancy
−$1.3K −$0.43/SF
EGI
$36.3K $11.69/SF
− OpEx
−$10.9K −$3.51/SF
NOI
$25.4K $8.19/SF
Area
Pueblo, CO
Vacancy
3.52%
Lease Rate
$12.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$508,320
Cap Rate 7%
$363,086
Cap Rate 9%
$282,400
Alternative Uses
Best Use
Multifamily LT 5
$363.1K
$317.7K – $423.6K
NOI $25,416 @ 7.0% cap · market cap 6.60%
Second Best
Apartment 5plus
$327.0K
$286.2K – $381.5K
NOI $22,892 @ 7.0% cap · market cap 5.95%
Theoretical Best
Office A
$647.0K
$566.1K – $754.9K
NOI $45,291 @ 7.0% cap · market cap 11.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
352
Businesses Nearby
Explore this area
Business Placement
Demographics for 81001, CO
31,107
Population
13,651
Households
2.3
Avg Household Size
37
Median Age
21%
College-Educated
88%
High-School Grad
32.0 sq mi
ZIP Area
972
Density / Sq Mi
$47,086
Median Household Income
$35,204
Median Earnings
$1,027
Median Rent
$208,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - R-4-zoned property combines a separate living unit, accessible main residence, solar panels, and substantial off-street parking.
Where is this triplex located?
The property is located at 1015 E 3rd St Pueblo, CO.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: 3,105 SF triplex property on a 0.069‑acre lot; 20 paid‑off solar panels; Main home offers 3 bedrooms and 2 full bathrooms
