Ranch Duplex with
For Sale
$299,999
1004 - 1006 Utica Ave, Pueblo, CO 81001
MULTI_FAMILY - Ranch - Pueblo, CO
Property Size1,149 SF
Lot Size0.14 Acres
Price / SF$261.10
Days on Market58
Property Features for 1004 - 1006 Utica Ave
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Zoning
R-2
Bedrooms
3
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1, Bedroom 2, Bedroom 3, Bedroom 1
Parking features
None
Window features
Window Coverings, Vinyl Frames
Interior features
New Paint, Ceiling Fan(s), Walk-in Shower
Fencing
Fenced
Fireplace
1
Appliances
Garbage Disposal-All, Refrigerator-All, Electric Range-All, Washer-None, Dryer-None, Electric Cooktop-All
Subdivision
Eastside
Lot features
Corner Lot, Sprinkler System- Front, Lawn- Front, Trees- Front
Elementary school
D-60
Middle school
D-60
High school
D-60
Standard status
Active
APN
0429420004
Size
1,149 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Lots 21 and 22 Blk 188 Arlington Heights
Tax Annual Amount
973
Legal Description
Lots 21 and 22 Blk 188 Arlington Heights
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Water source
Public
Amenities
washer/dryer hook-ups
fenced yard
Building Details
Year built
1973
Number of units
2
Flooring type
New floor coverings
Building materials
Frame, Stucco
Roof type
Composition
Architectural style
Ranch
Listing Agency:
HomeSmart Preferred Realty · HomeSmart International
(719) 582-1046
Listed By:
Debra Livengood · License #FA100075752
(719) 530-8402
Added: Jun 27
Changed: Aug 3
Last Checked: Aug 23 at 12:06PM
MLS# 240868
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 well-maintained ranch duplex is situated on a 0.14-acre lot and includes 1149 SF of living space. Built in 1973, the property offers two units, each with three bedrooms, a bath, a kitchen, and a living room. Unit 2 includes an added bath with a walk-in shower off the master bedroom. Recent updates include new paint and new floor coverings.
Comfort features include forced-air heating with natural gas, ceiling fans, and a fireplace. The duplex also has washer/dryer hook-ups in both units. Both units have their own parking area, and the front yard is fully fenced with mature trees and lawn.
With public water and public sewer, this property supports straightforward residential income potential as either a live-in-and-rent option or a full rental setup.
Comfort features include forced-air heating with natural gas, ceiling fans, and a fireplace. The duplex also has washer/dryer hook-ups in both units. Both units have their own parking area, and the front yard is fully fenced with mature trees and lawn.
With public water and public sewer, this property supports straightforward residential income potential as either a live-in-and-rent option or a full rental setup.
Key Highlights
- 0.14‑acre lot with 1149 SF ranch duplex built in 1973
- Two units, each with three bedrooms, bath, kitchen, and living room
- Unit 2 features an added bath with a walk‑in shower off the master bedroom
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
$9,405
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
3.14%
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%
$188,100
$188.1K
Cap Rate 7%
$134,357
$134.4K
Cap Rate 9%
$104,500
$104.5K
Market Conditions
NOI Build-Up for 1,149 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
$13.9K $12.12/SF
− Vacancy
−$490 −$0.43/SF
EGI
$13.4K $11.69/SF
− OpEx
−$4.0K −$3.51/SF
NOI
$9.4K $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%
$188,100
Cap Rate 7%
$134,357
Cap Rate 9%
$104,500
Alternative Uses
Best Use
Multifamily LT 5
$134.4K
$117.6K – $156.8K
NOI $9,405 @ 7.0% cap · market cap 3.14%
Second Best
Apartment 5plus
$121.0K
$105.9K – $141.2K
NOI $8,471 @ 7.0% cap · market cap 2.82%
Theoretical Best
Office A
$239.4K
$209.5K – $279.3K
NOI $16,760 @ 7.0% cap · market cap 5.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
204
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
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Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained ranch duplex in R-2 zoning with a fenced front yard, forced-air natural gas heat, and fireplace.
Where is this duplex located?
The property is located at 1004 - 1006 Utica Ave Pueblo, CO.
What is the asking price?
The asking price for this property is $299,999.
What are key features of this property?
This property features: 0.14‑acre lot with 1149 SF ranch duplex built in 1973; Two units, each with three bedrooms, bath, kitchen, and living room; Unit 2 features an added bath with a walk‑in shower off the master bedroom
