Duplex with Detached Garage and
For Sale
$445,000
222-224 W Abriendo Ave, Pueblo, CO 81004
MULTI_FAMILY - Pueblo, CO
Property Size3,974 SF
Lot Size0.22 Acres
Price / SF$111.98
Days on Market26
Property Features for 222-224 W Abriendo Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-4
Bedrooms
7
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 4, Bathroom 1, Bedroom 5, Bedroom 6, Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 7
Parking
2
Parking features
RV, Garage - Detached, Open
Window features
Vinyl Frames, Wood Frames, Single Pane Window(s), Double Pane Windows
Patio and Porch features
Porch
Exterior features
Accessory Dwelling, Garden Area-Rear
Fireplace
1
Basement
Partial
Appliances
Refrigerator-All, Electric Range-All
Subdivision
Central High School
Lot features
Lawn- Rear
Elementary school
60
Middle school
60
High school
60
Standard status
Active
APN
0536303004
Size
3,974 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
Lots 5 and 6 Block 106 South Pueblo
Tax Annual Amount
2388
Legal Description
Lots 5 and 6 Block 106 South Pueblo
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Water source
Public
Amenities
solar panels
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Flooring type
Tile, Hardwood
Building materials
Frame, Brick, Copper Plumbing, Plastic Plumbing
Roof type
Composition
Listing Agency:
Carlsson Real Estate, Inc
(719) 671-1282
Listed By:
Karen Carlsson
(719) 671-1282
Added: Jul 16
Changed: Aug 2
Last Checked: Aug 10 at 6:06PM
MLS# 235225
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.
222-224 W Abriendo Ave presents a turn-of-the-century, two-story brick duplex with a central location near the Main Library and Pueblo Riverwalk. One side has been owner occupied, and the current tenant is month-to-month. The property includes a porch, a natural gas heating system, and a fireplace. Flooring includes tile and hardwood, and the home is served by public water and public sewer.
A standout feature is the oversized detached garage and rear studio/office/exercise building accessed off the alley. The studio measures 24 x 24 feet, and the garage portion measures 20 x 24 feet, with solar panels on the garage. There are two off-street parking areas near the garage, plus street parking in front.
Zoned R-4, this property sits on a 0.218-acre lot with 3,974 square feet of building area and includes an accessory dwelling and rear garden area.
A standout feature is the oversized detached garage and rear studio/office/exercise building accessed off the alley. The studio measures 24 x 24 feet, and the garage portion measures 20 x 24 feet, with solar panels on the garage. There are two off-street parking areas near the garage, plus street parking in front.
Zoned R-4, this property sits on a 0.218-acre lot with 3,974 square feet of building area and includes an accessory dwelling and rear garden area.
Key Highlights
- 0.218‑acre lot with 3,974 SF duplex zoned R‑4
- Turn‑of‑the‑century two‑story brick duplex with fireplace and natural gas heat
- Detached studio/office/exercise building in the rear is 24 x 24 feet
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
$32,529
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
7.31%
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%
$650,580
$650.6K
Cap Rate 7%
$464,700
$464.7K
Cap Rate 9%
$361,433
$361.4K
Market Conditions
NOI Build-Up for 3,974 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
$48.2K $12.12/SF
− Vacancy
−$1.7K −$0.43/SF
EGI
$46.5K $11.69/SF
− OpEx
−$13.9K −$3.51/SF
NOI
$32.5K $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%
$650,580
Cap Rate 7%
$464,700
Cap Rate 9%
$361,433
Alternative Uses
Best Use
Multifamily LT 5
$464.7K
$406.6K – $542.2K
NOI $32,529 @ 7.0% cap · market cap 7.31%
Second Best
Apartment 5plus
$418.6K
$366.2K – $488.3K
NOI $29,299 @ 7.0% cap · market cap 6.58%
Theoretical Best
Office A
$828.1K
$724.6K – $966.1K
NOI $57,967 @ 7.0% cap · market cap 13.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,362
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 - Turn-of-the-century brick duplex with a detached two-car garage, 24 x 24 studio/office, and month-to-month tenant.
Where is this duplex located?
The property is located at 222-224 W Abriendo Ave Pueblo, CO.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: 0.218‑acre lot with 3,974 SF duplex zoned R‑4; Turn‑of‑the‑century two‑story brick duplex with fireplace and natural gas heat; Detached studio/office/exercise building in the rear is 24 x 24 feet
