Six-Unit Apartment
For Sale
$595,000
520 W 11th St, Pueblo, CO 81001
Residential Income, Pueblo, CO
Property Size3,456 SF
Lot Size0.12 Acres
Price / SF$172.16
Days on Market110
Property Features for 520 W 11th St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-5
Bedrooms
10
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 7, Bathroom 2, Bedroom 2, Bedroom 8, Bedroom 6, Bedroom 3, Bedroom 5, Bathroom 1, Bedroom 10, Bedroom 4, Bedroom 9, Bathroom 5, Bedroom 1, Bathroom 3, Bathroom 6, Bathroom 4
Parking features
None
Window features
Single Pane Window(s)
Patio and Porch features
Porch
Basement
Finished, Walk-Out Access, Full
Appliances
Refrigerator-All, Electric Range-All
Subdivision
Northside/Avenues
Lot features
Lawn- Front, Trees- Front
Elementary school
60
Middle school
60
High school
60
Standard status
Active
APN
0525432005
Size
3,456 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
LOT 6 BLK 35 COUNTY ADD
Tax Annual Amount
948
Legal Description
LOT 6 BLK 35 COUNTY ADD
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1929
Floors in Building
3
Number of units
6
Building materials
Stucco
Roof type
Rolled Hot Mop
Listing Agency:
Rocky Mountain Realty
(719) 569-7276
Listed By:
Shawn Martinez · License #FA40004934
(719) 240-2502
Added: May 22
Changed: Sep 5
Last Checked: Sep 8 at 7:06AM
MLS# 234416
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 3,456-square-foot apartment property includes six units with updated interiors and a fully leased occupancy profile. Built in 1929, the building features stucco construction, rolled hot-mop roofing, forced-air natural gas heating, central air conditioning, and porch areas. Unit appliances include refrigerators and electric ranges.
Located at 520 W 11th St in Pueblo, the property is near Parkview Hospital, downtown, shopping, and restaurants. The site encompasses 0.12 acres and is served by public water and public sewer. R-5 zoning supports the property's apartment configuration.
Located at 520 W 11th St in Pueblo, the property is near Parkview Hospital, downtown, shopping, and restaurants. The site encompasses 0.12 acres and is served by public water and public sewer. R-5 zoning supports the property's apartment configuration.
Key Highlights
- Six fully leased apartment units
- 3,456 square feet on 0.12 acres
- R‑5 zoning
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
$25,480
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
4.28%
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%
$509,600
$509.6K
Cap Rate 7%
$364,000
$364.0K
Cap Rate 9%
$283,111
$283.1K
Market Conditions
NOI Build-Up for 3,456 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
$48.1K $13.92/SF
− Vacancy
−$1.8K −$0.52/SF
EGI
$46.3K $13.40/SF
− OpEx
−$20.8K −$6.03/SF
NOI
$25.5K $7.37/SF
Area
Pueblo, CO
Vacancy
3.70%
Lease Rate
$13.92 /SF/Yr
Expense Ratio
45.00%
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%
$509,600
Cap Rate 7%
$364,000
Cap Rate 9%
$283,111
Alternative Uses
Best Use
Apartment 5plus
$364.0K
$318.5K – $424.7K
NOI $25,480 @ 7.0% cap · market cap 4.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$720.2K
$630.1K – $840.2K
NOI $50,411 @ 7.0% cap · market cap 8.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,596
Businesses Nearby
Explore this area
Business Placement
Demographics for 81001, CO
31,107
Population
13,651
Households
2.3
Avg Household Size
37
Median Age
21%
College-Educated
88%
High-School Grad
32.0 sq mi
ZIP Area
972
Density / Sq Mi
$47,086
Median Household Income
$35,204
Median Earnings
$1,027
Median Rent
$208,400
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?
Apartment building - Six leased units with updated interiors, public utilities, central air, and convenient access to downtown Pueblo and Parkview Hospital.
Where is this apartment building located?
The property is located at 520 W 11th St Pueblo, CO.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Six fully leased apartment units; 3,456 square feet on 0.12 acres; R‑5 zoning
