Turnkey Income-Producing Short-Term
515 W 11th St Pueblo, CO 81003
515 W 11th St, Pueblo, CO, 81003
$489,900
For Sale
$489,900
MULTI_FAMILY - Pueblo, CO
Property Size1,944 SF
Lot Size0.12 Acres
Price / SF$252.01
Days on Market85
Property Features for 515 W 11th St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-5
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bedroom 7, Bedroom 1, Bedroom 8, Bedroom 5, Bathroom 1, Bathroom 2, Bedroom 6, Bathroom 4, Bedroom 4, Bedroom 3, Bathroom 3, Bedroom 2
- Parking features
- Carport, Garage
- Patio and Porch features
- Porch
- Appliances
- Refrigerator-All
- Standard status
- Active
- APN
- 0525424012
- Size
- 1,944 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LOT 12 BLK 36 COUNTY ADD
- Tax Annual Amount
- 1236
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 4
- Building materials
- Frame, Stucco
Listing agency
Schwabe Real Estate Inc
(719) 546-3782
Listed by
Bill Schwabe · License #EB00275181
(719) 406-1099
Added: Apr 29 Updated: Jun 13 at 9:45PM Checked: Jul 22 at 8:06PM
MLS# 239225
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 fully operational short-term rental property presents a strong investment opportunity, generating consistent income through Airbnb, VRBO, and mid-term rental strategies. The property produces cash flow with the ability to increase revenue through optimized pricing, seasonal demand, and continued short-term rental use. Income is supported by a mix of short-term guests, traveling professionals, and repeat referrals. Situated in a high-demand area near hospitals, downtown, and major employers, the property attracts traveling nurses, contractors, and extended-stay tenants, helping maintain steady occupancy throughout the year. This turnkey opportunity includes all furniture, appliances, washer and dryer units, and household items. The property has been set up for short-term rental success, allowing a new owner to begin operating immediately without additional setup or upfront costs. Major capital improvements include a new roof with new plywood decking, along with new gutters and downspouts. Additional updates include HVAC, plumbing, and electrical improvements within the past year. The property is located in Pueblo, CO, with a lot size of 0.12 acres. The property size is 1944 square feet. The zoning is R-5.
Key Highlights
- Fully operational short‑term rental currently furnished and ready to operate, with appliances included
- Brand new roof with new plywood decking, plus new gutters and downspouts
- Recent improvements within the past year include HVAC, plumbing, and electrical
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $23.6k | $12.12 |
| − Vacancy | −$829 | −$0.43 |
| EGI | $22.7k | $11.69 |
| − OpEx | −$6.8k | −$3.51 |
| NOI | $15.9k | $8.19 |
1,944 SF · lease $12.12/SF/yr · vacancy 3.52% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$227.3K
$198.9K – $265.2K
NOI $15,912 @ 7.0% cap · market cap 3.25%
Second Best
Apartment 5plus
$204.8K
$179.2K – $238.9K
NOI $14,333 @ 7.0% cap · market cap 2.93%
Theoretical Best
Office A
$405.1K
$354.5K – $472.6K
NOI $28,356 @ 7.0% cap · market cap 5.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Fully furnished, income-producing short-term rental near hospitals and downtown.
Where is this quadplex located?
The property is located at 515 W 11th St Pueblo, CO.
What is the asking price?
The asking price for this property is $489,900.
What are key features of this property?
This property features: Fully operational short‑term rental currently furnished and ready to operate, with appliances included; Brand new roof with new plywood decking, plus new gutters and downspouts; Recent improvements within the past year include HVAC, plumbing, and electrical
