Renovated Duplex with Detached
For Sale
$249,900
419 W 11th St, Pueblo, CO 81003
MULTI_FAMILY - Ranch - Pueblo, CO
Property Size1,224 SF
Lot Size0.12 Acres
Price / SF$204.17
Days on Market112
Property Features for 419 W 11th St
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Zoning
R-5
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 3, Bedroom 2
Parking
1
Parking features
Garage - Detached
Window features
Window Coverings, Vinyl Frames
Patio and Porch features
Porch
Interior features
New Paint
Basement
Unfinished, Partial
Appliances
Dishwasher-All, Refrigerator-All, Electric Range-All, Washer-All, Dryer-All
Subdivision
Northside/Avenues
Lot features
Rock- Front, Trees- Front
Elementary school
60
Middle school
60
High school
60
Standard status
Active
APN
525425011
Size
1,224 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Lot 11 Blk 27 County Add
Tax Annual Amount
1530
Legal Description
Lot 11 Blk 27 County Add
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Amenities
front porch
Building Details
Year built
1900
Number of units
2
Flooring type
Tile, New floor coverings
Building materials
Frame, Stucco, Copper Plumbing, Plastic Plumbing
Roof type
Composition
Architectural style
Ranch
Listing Agency:
HomeSmart Preferred Realty · HomeSmart International
(719) 582-1046
Listed By:
Marilee Nickelson
(719) 406-4425
Added: Apr 23
Changed: Aug 3
Last Checked: Aug 12 at 12:06AM
MLS# 238859
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.
Renovated ranch duplex offering two refreshed units: a front unit with two bedrooms and a rear unit with one bedroom. The property has been reworked from top to bottom, including foundation repairs, fresh paint, new flooring and tile, updated kitchens and baths, and new appliances (dishwasher, refrigerator, electric range, washer, and dryer). Heating is forced air with natural gas and cooling is provided by central air. The duplex features a welcoming porch and a detached garage, with a composition roof and public water and public sewer.
Set on a 0.121-acre lot in R-5 zoning, the home is located in Pueblo, CO near UCHealth/Parkview Hospital, the Pueblo Riverwalk, shopping, and places of worship, with quick access to I-25. Built in 1900, the duplex provides approximately 1,224 square feet of space.
Previously used successfully as a short-term rental through Furnished Finder, the turnkey setup includes appliances and finishes that support continued flexible use.
Set on a 0.121-acre lot in R-5 zoning, the home is located in Pueblo, CO near UCHealth/Parkview Hospital, the Pueblo Riverwalk, shopping, and places of worship, with quick access to I-25. Built in 1900, the duplex provides approximately 1,224 square feet of space.
Previously used successfully as a short-term rental through Furnished Finder, the turnkey setup includes appliances and finishes that support continued flexible use.
Key Highlights
- Two‑unit duplex with front 2‑bedroom unit and rear 1‑bedroom unit
- Renovations include foundation repairs, new furnace and A/C, fresh paint, and updated kitchens and baths
- Central air with forced‑air natural gas heating
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
$10,019
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
4.01%
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%
$200,380
$200.4K
Cap Rate 7%
$143,129
$143.1K
Cap Rate 9%
$111,322
$111.3K
Market Conditions
NOI Build-Up for 1,224 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
$14.8K $12.12/SF
− Vacancy
−$522 −$0.43/SF
EGI
$14.3K $11.69/SF
− OpEx
−$4.3K −$3.51/SF
NOI
$10.0K $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%
$200,380
Cap Rate 7%
$143,129
Cap Rate 9%
$111,322
Alternative Uses
Best Use
Multifamily LT 5
$143.1K
$125.2K – $167.0K
NOI $10,019 @ 7.0% cap · market cap 4.01%
Second Best
Apartment 5plus
$128.9K
$112.8K – $150.4K
NOI $9,024 @ 7.0% cap · market cap 3.61%
Theoretical Best
Office A
$255.1K
$223.2K – $297.6K
NOI $17,854 @ 7.0% cap · market cap 7.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,929
Businesses Nearby
Explore this area
Business Placement
Demographics for 81003, CO
15,169
Population
6,233
Households
2.4
Avg Household Size
38
Median Age
18%
College-Educated
80%
High-School Grad
12.2 sq mi
ZIP Area
1,243
Density / Sq Mi
$43,750
Median Household Income
$33,941
Median Earnings
$847
Median Rent
$178,600
Median Home Value
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 - Renovated ranch duplex in R-5 zoning with two updated units, central air, and a detached garage.
Where is this duplex located?
The property is located at 419 W 11th St Pueblo, CO.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Two‑unit duplex with front 2‑bedroom unit and rear 1‑bedroom unit; Renovations include foundation repairs, new furnace and A/C, fresh paint, and updated kitchens and baths; Central air with forced‑air natural gas heating
