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    The Largest CRE Database in the US with Over 1 Million Listings

    722 W Jefferson St, Unit 1-6 Trinidad, CO 81082

    Sponsored
    For Sale
    $900,000

    MULTI_FAMILY - Trinidad, CO

    Property size:
    4,508 SF
    Lot size:
    0.60 Acres
    Days on Market:
    9
    Last Refresh:
    Feb 3 at 10:06 am

    Property Features for 722 W Jefferson St

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Window features
    Double Pane Windows, Window Coverings
    Zoning
    MIX
    Rooms
    Bedroom 2, Bedroom 11, Bathroom 6, Bedroom 6, Bedroom 3, Bathroom 1, Bedroom 5, Bedroom 8, Bedroom 12, Bedroom 7, Bathroom 3, Bathroom 5, Bathroom 2, Bedroom 9, Bedroom 4, Bedroom 1, Bathroom 4, Bedroom 10
    Bedrooms
    12
    Bathrooms
    6
    APN
    14389000
    Parking features
    Garage, RV
    Patio and Porch features
    Patio, Porch
    Interior features
    Ceiling Fan(s)
    Exterior features
    Outdoor Lighting-Front
    Appliances
    Dishwasher-All, Refrigerator-All, Washer-All, Dryer-All, Electric Cooktop-All, Built-in Oven-All
    Size
    4,508 SF
    Lot size
    0.60 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating)
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1996
    Floors in Building
    2
    Number of units
    6
    Flooring type
    New floor coverings
    Building materials
    Frame, Stucco, Copper Plumbing, Galvanized Plumbing, Plastic Plumbing
    Roof type
    Rolled Hot Mop

    We can help!

    Listing Contact
    Bill Louthan

    Code of the West Real Estate LLC (719) 251-3691

    Listing agent Bill Louthan (719) 565-7283

    Listing date Jan 26, 2026

    MLS# 236662 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Multi-Unit Property with Expansion Potential

    This six-unit property in Trinidad, CO, presents a unique opportunity for an owner-occupant to live on-site while generating rental income. The property includes two month-to-month long-term units and four well-established short-term rental units, offering flexibility and income potential. In 2025, the property generated over $115,000 in income. Residents and guests can enjoy a thoughtfully designed outdoor pergola area and views of Fishers Peak. The property includes additional lots, presenting an opportunity for future expansion, with the potential to nearly double the size of the property. The property is situated on a 0.603-acre lot. The property is suitable for a buyer seeking a primary residence with built-in income, long-term flexibility, and room to grow. The property is zoned MIX. The building size is 4,508 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Trinidad
    County
    Las Animas
    State
    Colorado
    Longitude
    -104.511103
    Latitude
    37.161295

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    FAQs

    What type of property is this?
    Apartment building - Six-unit property with income, expansion potential, and scenic views.
    Where is this apartment building located?
    The property is located at 722 W Jefferson St, Unit 1-6 Trinidad, CO.
    What is the asking price?
    The asking price for this property is $900,000.
    What are key features of this property?
    This property features: - Substantial Income Potential: Property generated over $115,000 in income in 2025.; - Multi-Unit Flexibility: Features 6 units (2 long-term, 4 short-term) providing options.; - Expansion Opportunity: Includes additional lots to nearly double the property size.
    (719) 565-7283
    Request Owner's contact information
    722 W Jefferson St, Unit 1-6 Trinidad, CO 81082
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    Trinidad, CO 81082
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    722 W Jefferson St, Unit 1-6 Trinidad, CO 81082
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    We can help!
    Listing Contact
    Bill Louthan
    (719) 565-7283
    Learn more
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