Updated Two-Unit
For Sale
$299,999
1004 - 1006 Utica Ave #2, Pueblo, CO 81001
R-2-zoned duplex with refreshed interiors, private parking areas, and laundry hookups for both residences.
Property Size1,149 SF
Days on Market58
Property Features for 1004 - 1006 Utica Ave #2
General Information
Standard status
Active
Size
1,149 SF
Property subtype
Multi Family Home
Zoning
R-2
Units
Unit Mix
1 x 3BR/1BA, 1 x 3BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$973
Amenities
washer/dryer hook-ups
fenced yard
Building Details
Building Size
1,149 SF
Year Built
1973
Buildings
1
Units
2
Listing Agency:
HomeSmart Preferred Realty
(719) 530-8402
Listed By:
Debra Livengood · License #FA100075752
(719) 530-8402
Source:
Pikespeakdreamhomesrealty
Added: Jun 27
Changed: Aug 21
Last Checked: Aug 22 at 1:07PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of HomeSmart Preferred Realty
Investment Insights
Based on property information with market context.
This R-2-zoned duplex, built in 1973, includes two separate residences with matching three-bedroom layouts. Each unit has a kitchen, living room, washer/dryer hookups, and its own designated parking area. Both interiors feature new flooring and fresh paint. The second residence adds a private bath with a walk-in shower connected to the primary bedroom, while the first includes one bath.
The front yard is enclosed and landscaped with mature trees and lawn, creating usable outdoor space for residents. Located at 1004–1006 Utica Ave #2 in Pueblo, Colorado, the property supports an owner-occupant arrangement with one residence available for rental or use as a two-unit income property, as described in the source information.
The front yard is enclosed and landscaped with mature trees and lawn, creating usable outdoor space for residents. Located at 1004–1006 Utica Ave #2 in Pueblo, Colorado, the property supports an owner-occupant arrangement with one residence available for rental or use as a two-unit income property, as described in the source information.
Key Highlights
- Two‑unit duplex with three bedrooms in each residence
- Unit 2 includes an additional primary‑bedroom bath with walk‑in shower
- New flooring and freshly painted interiors throughout both units
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
Current Use
Lease Details
2
Residential units
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 - R-2-zoned duplex with refreshed interiors, private parking areas, and laundry hookups for both residences.
Where is this duplex located?
The property is located at 1004 - 1006 Utica Ave #2 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: Two‑unit duplex with three bedrooms in each residence; Unit 2 includes an additional primary‑bedroom bath with walk‑in shower; New flooring and freshly painted interiors throughout both units
