Fenced-Yard
For Sale
$288,000
1232 Elm St, Pueblo, CO 81004
Residential Income, Pueblo, CO
Property Size2,310 SF
Lot Size0.11 Acres
Price / SF$124.68
Days on Market39
Property Features for 1232 Elm St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
B-4
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 4
Parking features
None
Window features
Double Pane Windows, Vinyl Frames
Patio and Porch features
Porch
Fencing
Fenced
Basement
Partial
Appliances
Refrigerator-All, Electric Range-All, Washer-All, Dryer-All
Subdivision
Central High School
Lot features
Trees- Rear, Trees- Front
Elementary school
60
Middle school
60
High school
60
Standard status
Active
APN
1501419011
Size
2,310 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
W 95 FT OF LOTS 17 + 18 BLK 47 CITY HALL PL
Tax Annual Amount
1150
Legal Description
W 95 FT OF LOTS 17 + 18 BLK 47 CITY HALL PL
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Water source
Public
Amenities
fenced yard
laundry in each unit
Building Details
Year built
1900
Number of units
2
Flooring type
New floor coverings
Building materials
Frame, Stucco, Copper Plumbing, Galvanized Plumbing, Plastic Plumbing
Roof type
Composition
Architectural style
Ranch
Listing Agency:
RE/MAX Associates · RE/MAX International
(719) 583-8383
Listed By:
Renee Hassebroek · License #100068116
(719) 582-6644
Added: Aug 7
Changed: Sep 13
Last Checked: Sep 14 at 6:06AM
MLS# 241615
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 2310 square feet on a 0.105-acre lot, with a ranch-style design dating to 1900. The property includes frame and stucco construction, new floor coverings, natural-gas forced-air heat, composition roofing, and public water and sewer service. Each unit has its own laundry equipment, refrigerator, and electric range, along with separate privacy provided by the fencing and outdoor areas.
The front and rear yards are fenced, and the property is located in Pueblo with access to amenities and I-25. Additional physical features include a porch and a mix of copper, galvanized, and plastic plumbing. The property is zoned B-4.
The front and rear yards are fenced, and the property is located in Pueblo with access to amenities and I-25. Additional physical features include a porch and a mix of copper, galvanized, and plastic plumbing. The property is zoned B-4.
Key Highlights
- Duplex with 2310 square feet of building area
- 0.105‑acre lot with fenced front and rear yards
- Separate laundry equipment, refrigerators, and electric ranges in each unit
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
$18,908
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
6.57%
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%
$378,160
$378.2K
Cap Rate 7%
$270,114
$270.1K
Cap Rate 9%
$210,089
$210.1K
Market Conditions
NOI Build-Up for 2,310 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
$28.0K $12.12/SF
− Vacancy
−$986 −$0.43/SF
EGI
$27.0K $11.69/SF
− OpEx
−$8.1K −$3.51/SF
NOI
$18.9K $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%
$378,160
Cap Rate 7%
$270,114
Cap Rate 9%
$210,089
Alternative Uses
Best Use
Multifamily LT 5
$270.1K
$236.4K – $315.1K
NOI $18,908 @ 7.0% cap · market cap 6.57%
Second Best
Apartment 5plus
$243.3K
$212.9K – $283.9K
NOI $17,031 @ 7.0% cap · market cap 5.91%
Theoretical Best
Office A
$481.4K
$421.2K – $561.6K
NOI $33,695 @ 7.0% cap · market cap 11.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
390
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Each residence offers private outdoor space, in-unit laundry, and installed appliances.
Where is this duplex located?
The property is located at 1232 Elm St Pueblo, CO.
What is the asking price?
The asking price for this property is $288,000.
What are key features of this property?
This property features: Duplex with 2310 square feet of building area; 0.105‑acre lot with fenced front and rear yards; Separate laundry equipment, refrigerators, and electric ranges in each unit
