Updated
For Sale
$235,000
1221 E Abriendo Ave, Pueblo, CO 81004
Residential Income, Pueblo, CO
Property Size1,551 SF
Lot Size0.11 Acres
Price / SF$151.52
Days on Market54
Property Features for 1221 E Abriendo Ave
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
B-4
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 4, Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 3
Window features
Vinyl Frames, Wood Frames
Patio and Porch features
Porch
Interior features
New Paint, Walk-In Closet(s)
Fencing
Wood, Fenced
Basement
Crawl Space
Appliances
Refrigerator-All, Gas Range-Some, Electric Range-Some, Washer-Some, Dryer-Some
Subdivision
Central High School
Lot features
Rock- Front
Elementary school
60
Middle school
60
High school
60
Standard status
Active
APN
1501417024
Size
1,551 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
N 1/2 OF LOT 42 + ALL LOT 43 BLK 49 CITY HALL PL
Tax Annual Amount
1357
Legal Description
N 1/2 OF LOT 42 + ALL LOT 43 BLK 49 CITY HALL PL
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Ductless (Heating)
Cooling system
Wall Unit(s)
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Flooring type
Tile, New floor coverings
Building materials
Stucco, Plastic Plumbing
Roof type
Composition
Listing Agency:
Keller Williams Performance Realty · Keller Williams Realty
(719) 583-1100
Listed By:
Shelly Bueno · License #FA100079514
(303) 875-6702
Added: Jul 8
Changed: Aug 24
Last Checked: Aug 30 at 2:06AM
MLS# 240535
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 duplex contains 1,551 square feet and was built in 1900. Recent interior updates include new paint and new floor coverings, with tile flooring also present. The property includes bedrooms and bathrooms across the two-unit layout, along with walk-in closet space and a porch. Heating is provided by forced air and ductless systems, while wall units provide cooling. Appliances include refrigerators, gas and electric ranges, and select washers and dryers.
Located at 1221 E Abriendo Ave in Pueblo, the property is near bus routes, locally owned restaurants, parks, and District 60 schools. The 0.11-acre parcel is fenced and includes public water and public sewer service. B-4 zoning is identified for the property.
Located at 1221 E Abriendo Ave in Pueblo, the property is near bus routes, locally owned restaurants, parks, and District 60 schools. The 0.11-acre parcel is fenced and includes public water and public sewer service. B-4 zoning is identified for the property.
Key Highlights
- Duplex with 1,551 square feet on a 0.11‑acre parcel
- Updated interiors with new paint and new floor coverings
- B‑4 zoning
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
$12,695
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
5.40%
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%
$253,900
$253.9K
Cap Rate 7%
$181,357
$181.4K
Cap Rate 9%
$141,056
$141.1K
Market Conditions
NOI Build-Up for 1,551 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
$18.8K $12.12/SF
− Vacancy
−$662 −$0.43/SF
EGI
$18.1K $11.69/SF
− OpEx
−$5.4K −$3.51/SF
NOI
$12.7K $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%
$253,900
Cap Rate 7%
$181,357
Cap Rate 9%
$141,056
Alternative Uses
Best Use
Multifamily LT 5
$181.4K
$158.7K – $211.6K
NOI $12,695 @ 7.0% cap · market cap 5.40%
Second Best
Apartment 5plus
$163.4K
$142.9K – $190.6K
NOI $11,435 @ 7.0% cap · market cap 4.87%
Theoretical Best
Office A
$323.2K
$282.8K – $377.1K
NOI $22,624 @ 7.0% cap · market cap 9.63%
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
426
Businesses Nearby
Explore this area
Business Placement
Demographics for 81004, CO
26,005
Population
12,597
Households
2.1
Avg Household Size
39
Median Age
20%
College-Educated
90%
High-School Grad
160.9 sq mi
ZIP Area
162
Density / Sq Mi
$48,620
Median Household Income
$33,925
Median Earnings
$1,002
Median Rent
$181,200
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?
Duplex - Two-unit residential property with refreshed finishes, separate bedrooms, and public water and sewer service.
Where is this duplex located?
The property is located at 1221 E Abriendo Ave Pueblo, CO.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Duplex with 1,551 square feet on a 0.11‑acre parcel; Updated interiors with new paint and new floor coverings; B‑4 zoning
