Two-Unit Duplex with Two-Bed
For Sale
Under Contract
$259,900
3219-3221 Baltimore Ave, Pueblo, CO 81008
Residential Income, Pueblo, CO
Property Size1,673 SF
Lot Size0.14 Acres
Price / SF$155.35
Days on Market37
Property Features for 3219-3221 Baltimore Ave
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-2
Bedrooms
2
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1, Bedroom 2, Bedroom 1
Parking features
None
Window features
Single Pane Window(s)
Patio and Porch features
Patio
Interior features
New Paint
Fencing
Fenced
Fireplace
1
Appliances
Refrigerator-All, Electric Range-All
Subdivision
Northside/Avenues
Elementary school
60
Middle school
60
High school
60
Standard status
Active Under Contract
APN
0514424025
Size
1,673 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 5 BLK 20 COUNTRY CLUB HEIGHTS 8TH
Tax Annual Amount
1421
Legal Description
LOT 5 BLK 20 COUNTRY CLUB HEIGHTS 8TH
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Water source
Public
Building Details
Year built
1970
Floors in Building
2
Number of units
2
Flooring type
New floor coverings
Building materials
Frame
Roof type
Composition
Listing Agency:
RE/MAX Of Pueblo Inc · RE/MAX International
(719) 546-1717
Listed By:
Jim Valdez Sales Team
(719) 406-3536
Added: Jul 20
Changed: Aug 19
Last Checked: Aug 25 at 10:06PM
MLS# 241258
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 well-maintained duplex includes two separate residential units. Each unit offers 2 bedrooms and 1 bathroom, along with a functional kitchen and a comfortable living room. Recent updates include new flooring and fresh interior paint, supporting a low-maintenance ownership experience.
The property is located in Pueblo, Colorado, on Baltimore Ave in Pueblo County. The zoning is R-2.
The duplex configuration is straightforward and ready for occupancy, with interior improvements already completed to help reduce immediate capital needs for the next owner.
The property is located in Pueblo, Colorado, on Baltimore Ave in Pueblo County. The zoning is R-2.
The duplex configuration is straightforward and ready for occupancy, with interior improvements already completed to help reduce immediate capital needs for the next owner.
Key Highlights
- Well‑maintained duplex with 2 units; each unit has 2 bedrooms and 1 bathroom
- Recent interior updates include new flooring and fresh interior paint
- Heating includes natural gas forced‑air
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
$13,694
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
5.27%
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%
$273,880
$273.9K
Cap Rate 7%
$195,629
$195.6K
Cap Rate 9%
$152,156
$152.2K
Market Conditions
NOI Build-Up for 1,673 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
$20.3K $12.12/SF
− Vacancy
−$714 −$0.43/SF
EGI
$19.6K $11.69/SF
− OpEx
−$5.9K −$3.51/SF
NOI
$13.7K $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%
$273,880
Cap Rate 7%
$195,629
Cap Rate 9%
$152,156
Alternative Uses
Best Use
Multifamily LT 5
$195.6K
$171.2K – $228.2K
NOI $13,694 @ 7.0% cap · market cap 5.27%
Second Best
Apartment 5plus
$176.2K
$154.2K – $205.6K
NOI $12,335 @ 7.0% cap · market cap 4.75%
Theoretical Best
Office A
$348.6K
$305.0K – $406.7K
NOI $24,403 @ 7.0% cap · market cap 9.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
486
Businesses Nearby
Explore this area
Business Placement
Demographics for 81008, CO
11,868
Population
5,302
Households
2.2
Avg Household Size
41
Median Age
33%
College-Educated
94%
High-School Grad
102.2 sq mi
ZIP Area
116
Density / Sq Mi
$68,389
Median Household Income
$45,445
Median Earnings
$1,396
Median Rent
$280,400
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 - Well-maintained duplex with two separate units, each featuring 2 bedrooms, 1 bathroom, and updated interior finishes.
Where is this duplex located?
The property is located at 3219-3221 Baltimore Ave Pueblo, CO.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: Well‑maintained duplex with 2 units; each unit has 2 bedrooms and 1 bathroom; Recent interior updates include new flooring and fresh interior paint; Heating includes natural gas forced‑air
