Multifamily Property in Mesa
115 W Evans Ave Pueblo, CO 81004
115 W Evans Ave, Pueblo, CO, 81004
$1,300,000
For Sale
$1,300,000
MULTI_FAMILY - Ranch - Pueblo, CO
Property Size8,631 SF
Lot Size0.22 Acres
Price / SF$150.62
Days on Market181
Property Features for 115 W Evans Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Zoning
- B-4
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bathroom 1, Bedroom 7, Bedroom 5, Bedroom 1, Bedroom 3, Bedroom 6, Bedroom 8, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 4, Bedroom 2
- Parking
- 4
- Parking features
- Garage - Detached, Open
- Window features
- Double Pane Windows
- Patio and Porch features
- Patio
- Interior features
- Walk-In Closet(s), Walk-in Shower
- Fencing
- Wood
- Basement
- Crawl Space
- Appliances
- Dishwasher-Some, Garbage Disposal-Some, Refrigerator-Some, Electric Range-Some, Microwave Built-In-Some, Range Hood-Some, Washer-Some, Electric Cooktop-Some
- Standard status
- Active
- APN
- 536304020
- Size
- 8,631 SF
- Lot size
- 0.22 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LOTS 24 + 25 BLK 116 SOUTH PUEBLO
- Tax Annual Amount
- 1577
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Baseboard, Electric (Heating), Natural Gas
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 5
- Flooring type
- New floor coverings, Tile
- Building materials
- Frame, Brick, Stucco, Plastic Plumbing
- Roof type
- Composition, Rubber
- Architectural style
- Ranch
Listing agency
Schwabe Real Estate Inc
(719) 546-3782
Listed by
Bill Schwabe · License #EB00275181
(719) 406-1099
Added: Jan 22 Updated: Jun 10 at 2:35PM Checked: Jul 22 at 2:06PM
MLS# 236389
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 property features three buildings, offering a significant opportunity for investors. The two-story building includes three units: a large three-bedroom unit on the second floor, a two-bedroom unit on the main level, and a studio, along with a common laundry area. Remodeling is largely complete, with updates to plumbing, heating, electric systems, floors, and tile work, complemented by exposed brick. The property is ready for finishing touches, with most of the necessary supplies, including cabinets and fixtures, available on-site. A separate two-bedroom unit has been remodeled and is currently rented for $1500 per month. Additionally, the property includes a five-car garage with two overhead doors and a finished interior. Situated in a central location on the Mesa Junction, this property is zoned B-4 and spans 0.218 acres. The property is 8631 square feet and is located in Pueblo, CO.
Key Highlights
- Three buildings on one property: includes a 3‑unit building, a separate 2‑bedroom unit, and a 5‑car garage.
- Income potential: remodeled 2‑bedroom unit currently rented for $1500/month.
- Substantial remodeling completed: plumbing, heating, electric, floors, tile work, and exposed brick.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $120.1k | $13.92 |
| − Vacancy | −$4.4k | −$0.52 |
| EGI | $115.7k | $13.40 |
| − OpEx | −$52.1k | −$6.03 |
| NOI | $63.6k | $7.37 |
8,631 SF · lease $13.92/SF/yr · vacancy 3.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$909.1K
$795.4K – $1.06M
NOI $63,634 @ 7.0% cap · market cap 4.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.80M
$1.57M – $2.10M
NOI $125,897 @ 7.0% cap · market cap 9.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Three buildings, remodeled units, and a five-car garage.
Where is this apartment building located?
The property is located at 115 W Evans Ave Pueblo, CO.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Three buildings on one property: includes a 3‑unit building, a separate 2‑bedroom unit, and a 5‑car garage.; Income potential: remodeled 2‑bedroom unit currently rented for $1500/month.; Substantial remodeling completed: plumbing, heating, electric, floors, tile work, and exposed brick.
