Ranch Duplex with Two-Car
For Sale
$200,000
721 E 8th St, Pueblo, CO 81001
Residential Income, Pueblo, CO
Property Size1,518 SF
Lot Size0.06 Acres
Price / SF$131.75
Days on Market9
Property Features for 721 E 8th St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-4
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 3, Bedroom 4, Bathroom 2, Bedroom 2, Bathroom 1
Parking
2
Parking features
Garage - Detached
Window features
Double Pane Windows
Fencing
Wood
Fireplace
1
Appliances
Refrigerator-Some, Electric Range-Some, Washer-Some, Dryer-Some
Subdivision
Eastside
Elementary school
60
Middle school
60
High school
60
Standard status
Active
APN
0430438022
Size
1,518 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Duplex: S 80.00 M/L LOT 9 BLK 2 PUEBLO BUILDING + IMPROVEMENT COMPANYS ADD FORMERLY #04-304-38-018 Garage: N 40.00 FT OF LOT 9 BLK 2 PUEBLO BUILDING + IMP
Tax Annual Amount
800
Legal Description
Duplex: S 80.00 M/L LOT 9 BLK 2 PUEBLO BUILDING + IMPROVEMENT COMPANYS ADD FORMERLY #04-304-38-018 Garage: N 40.00 FT OF LOT 9 BLK 2 PUEBLO BUILDING + IMP
Utilities
Sewer type
Public Sewer
Heating system
Wall Furnace, Forced Air, Natural Gas
Water source
Public
Building Details
Year built
1947
Number of units
2
Building materials
Frame, Block, Wood Siding, Plastic Plumbing
Roof type
Composition
Architectural style
Ranch
Listing Agency:
Denver Home Solutions, LLC
Listed By:
Frederick Huber · License #IR100025593
(303) 332-4655
Added: Sep 19
Changed: Sep 20
Last Checked: Sep 27 at 1:06PM
MLS# 242370
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.
Built in 1947, this ranch-style duplex contains 1,518 square feet across two residential units. Each unit is arranged with 2 bedrooms and 1 bathroom, creating a straightforward configuration for a small multifamily property. A detached two-car garage adds enclosed parking, storage, or workspace. Existing improvements are in place, while additional repairs and updating remain part of the property’s condition. The home includes select refrigerators, electric ranges, washers, and dryers, along with wall furnace and forced-air heating powered by natural gas.
Located at 721 E 8th St in Pueblo, the property sits on a 0.055-acre lot with R-4 zoning. Public water and public sewer serve the site. Additional physical features include a wood fence, composition roof, frame and block construction, wood siding, and a fireplace.
Located at 721 E 8th St in Pueblo, the property sits on a 0.055-acre lot with R-4 zoning. Public water and public sewer serve the site. Additional physical features include a wood fence, composition roof, frame and block construction, wood siding, and a fireplace.
Key Highlights
- Two‑unit duplex with 2 bedrooms and 1 bathroom in each unit
- 1,518 square feet on a 0.055‑acre lot
- Detached garage accommodates two vehicles
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
$12,425
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
6.21%
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%
$248,500
$248.5K
Cap Rate 7%
$177,500
$177.5K
Cap Rate 9%
$138,056
$138.1K
Market Conditions
NOI Build-Up for 1,518 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
$18.4K $12.12/SF
− Vacancy
−$648 −$0.43/SF
EGI
$17.8K $11.69/SF
− OpEx
−$5.3K −$3.51/SF
NOI
$12.4K $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%
$248,500
Cap Rate 7%
$177,500
Cap Rate 9%
$138,056
Alternative Uses
Best Use
Multifamily LT 5
$177.5K
$155.3K – $207.1K
NOI $12,425 @ 7.0% cap · market cap 6.21%
Second Best
Apartment 5plus
$159.9K
$139.9K – $186.5K
NOI $11,192 @ 7.0% cap · market cap 5.60%
Theoretical Best
Office A
$316.3K
$276.8K – $369.0K
NOI $22,142 @ 7.0% cap · market cap 11.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,058
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate units with R-4 zoning, detached parking, and a renovation scope for continued residential use.
Where is this duplex located?
The property is located at 721 E 8th St Pueblo, CO.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Two‑unit duplex with 2 bedrooms and 1 bathroom in each unit; 1,518 square feet on a 0.055‑acre lot; Detached garage accommodates two vehicles
