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    904 S 4Th St Lamar, CO 81052

    Sponsored
    For Sale
    $350,000

    MULTI_FAMILY - Ranch - Lamar, CO

    Type:Single Family Residence
    Property size:
    2,148 SF
    Lot size:
    0.16 Acres
    Days on Market:
    69
    Last Refresh:
    Feb 26 at 9:06 am

    Property Features for 904 S 4Th St

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Single Family Residence
    TransactionType
    Standard
    Standard status
    Active
    Window features
    Vinyl Frames, Double Pane Windows
    Zoning
    R
    Rooms
    Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 1, Bathroom 1, Bathroom 3
    Bedrooms
    3
    Bathrooms
    3
    APN
    0236075090
    Parking features
    Garage
    Patio and Porch features
    Porch
    Interior features
    Ceiling Fan(s), Walk-in Shower
    Appliances
    Tankless/On Demand Water Heater, Refrigerator-All, Gas Range-Some, Electric Range-Some
    Size
    2,148 SF
    Lot size
    0.16 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Wall Furnace
    Cooling system
    Wall Unit(s)
    Water source
    Public

    Building Details

    Year built
    1948
    Number of units
    3
    Flooring type
    Hardwood
    Building materials
    Frame, Stucco
    Roof type
    Metal
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Amanda Spitz
    Amanda Spitz

    Cruikshank Realty, Inc. (719) 336-7802

    Listing agent Amanda Spitz (719) 336-7802

    Listing date Dec 20, 2025

    MLS# 236149 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

    Lamar Triplex Investment Opportunity

    This well-maintained triplex presents a solid investment opportunity. The property features three one-bedroom, one-bath units. One unit is currently occupied by a long-term tenant, providing immediate income. The other two units are ideally suited for mid-term rentals, offering flexibility and strong rental potential. Each unit includes a new tankless water heater, and the front two units have new windows. Multiple mini-split systems have been installed throughout the units for efficient heating and cooling. The property is located in Lamar, Colorado, and is situated on a lot of 0.161 acres. The building has a total area of 2148 square feet. The zoning is R. The property address is 904 S 4th St, Lamar, CO 81052, Prowers County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Lamar
    County
    Prowers
    State
    Colorado
    Longitude
    -102.6175621
    Latitude
    38.0805029

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    FAQs

    What type of property is this?
    Triplex - Well-maintained triplex with income potential in Lamar, Colorado.
    Where is this triplex located?
    The property is located at 904 S 4Th St Lamar, CO.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: - Income-producing triplex with one long-term tenant for immediate income.; - Two units set up for flexible mid-term rental potential.; - New tankless water heaters in each unit.
    (719) 336-7802
    Request Owner's contact information
    904 S 4Th St Lamar, CO 81052
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    Lamar, CO 81052
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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
    904 S 4Th St Lamar, CO 81052
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    We can help!
    Listing Contact
    Amanda Spitz
    Amanda Spitz
    Real Estate License ID: FA100098353
    (719) 336-7802 (719) 691-5226
    Learn more
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