Renovated
For Sale
$310,000
1020 W 16th St, Pueblo, CO 81003
MULTI_FAMILY - Ranch - Pueblo, CO
Property Size1,856 SF
Lot Size0.12 Acres
Price / SF$167.03
Days on Market26
Property Features for 1020 W 16th St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-3
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bedroom 5, Bathroom 3, Bedroom 2, Bedroom 4, Bathroom 2, Bedroom 3, Bedroom 1
Parking features
Offsite, On Street
Window features
Double Pane Windows, Vinyl Frames
Patio and Porch features
Porch, Patio
Interior features
New Paint
Fencing
Fenced
Basement
Crawl Space
Appliances
Dishwasher-All, Refrigerator-All, Electric Range-All, Microwave Built-In-All
Subdivision
Northside/Avenues
Lot features
Trees- Front
Elementary school
60
Middle school
60
High school
60
Standard status
Active
APN
0525216002
Size
1,856 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 6 BLK 32 CRAIGS ADD
Tax Annual Amount
1159
Legal Description
LOT 6 BLK 32 CRAIGS ADD
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Baseboard
Water source
Public
Amenities
washer/dryer hookups
Building Details
Year built
1957
Number of units
2
Flooring type
New floor coverings
Building materials
Stucco
Roof type
Composition
Architectural style
Ranch
Listing Agency:
Keller Williams Performance Realty · Keller Williams Realty
(719) 583-1100
Listed By:
Amber Galassini · License #100092855
(719) 248-4121
Added: Jul 29
Changed: Aug 19
Last Checked: Aug 23 at 10:06PM
MLS# 241451
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.
Renovated duplex in Pueblo offering two updated units. The front unit is a 2-bedroom, 1-bath home, move-in ready for immediate occupancy. The rear unit provides 3 bedrooms and 1 bathroom, offering flexibility for rental income or multi-generational living. Both units include updated kitchen appliances, and washer and dryer hookups for added convenience.
The property includes new paint, new floor coverings, stucco construction, and a composition roof. Heating is baseboard electric. Outdoor space features a porch and patio, with fencing on the property. Parking is listed as offsite and on-street.
Built in 1957, the duplex sits on a 0.12-acre lot with a total property size of 1,856 square feet. Water service is public and sewer is public sewer. The property is zoned R-3.
The property includes new paint, new floor coverings, stucco construction, and a composition roof. Heating is baseboard electric. Outdoor space features a porch and patio, with fencing on the property. Parking is listed as offsite and on-street.
Built in 1957, the duplex sits on a 0.12-acre lot with a total property size of 1,856 square feet. Water service is public and sewer is public sewer. The property is zoned R-3.
Key Highlights
- Two renovated units: front 2 bed/1 bath and rear 3 bed/1 bath
- Zoned R‑3 duplex on a 0.12‑acre lot
- Total property size: 1,856 SF
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
$15,192
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
4.90%
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%
$303,840
$303.8K
Cap Rate 7%
$217,029
$217.0K
Cap Rate 9%
$168,800
$168.8K
Market Conditions
NOI Build-Up for 1,856 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
$22.5K $12.12/SF
− Vacancy
−$792 −$0.43/SF
EGI
$21.7K $11.69/SF
− OpEx
−$6.5K −$3.51/SF
NOI
$15.2K $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%
$303,840
Cap Rate 7%
$217,029
Cap Rate 9%
$168,800
Alternative Uses
Best Use
Multifamily LT 5
$217.0K
$189.9K – $253.2K
NOI $15,192 @ 7.0% cap · market cap 4.90%
Second Best
Apartment 5plus
$195.5K
$171.1K – $228.1K
NOI $13,684 @ 7.0% cap · market cap 4.41%
Theoretical Best
Office A
$386.8K
$338.4K – $451.2K
NOI $27,073 @ 7.0% cap · market cap 8.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,218
Businesses Nearby
Explore this area
Business Placement
Demographics for 81003, CO
15,169
Population
6,233
Households
2.4
Avg Household Size
38
Median Age
18%
College-Educated
80%
High-School Grad
12.2 sq mi
ZIP Area
1,243
Density / Sq Mi
$43,750
Median Household Income
$33,941
Median Earnings
$847
Median Rent
$178,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Renovated two-unit duplex with updated appliances and washer/dryer hookups, zoned R-3 with public water and sewer.
Where is this duplex located?
The property is located at 1020 W 16th St Pueblo, CO.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: Two renovated units: front 2 bed/1 bath and rear 3 bed/1 bath; Zoned R‑3 duplex on a 0.12‑acre lot; Total property size: 1,856 SF
