Fully Remodeled Fourplex With
For Sale
$385,000
1015 W 13th St, Pueblo, CO 81003
Four occupied 1-bedroom, 1-bath units feature new kitchens, appliances, and on-site laundry, plus recent roof and electrical updates.
Property Size2,288 SF
Days on Market212
Property Features for 1015 W 13th St
General Information
Standard status
Active
Size
2,288 SF
Property subtype
Investment
Lease Term
Call to inquire
Site & Location
Neighborhood
Northside
Taxes and HOA fees
Annual Taxes
$1,695
Building Details
Building Size
2,288 SF
Year Built
1950
Listing Agency:
eXp Realty, LLC
Listed By:
Chuncey Foreman
(720) 436-3249
Source:
Elliman
Added: Mar 28
Changed: Oct 22
Last Checked: Oct 24 at 4:41PM
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 eXp Realty, LLC
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Investment Insights
Based on property information with market context.
This fully remodeled fourplex includes four 1-bedroom, 1-bath units, each updated with new kitchens and appliances, renovated bathrooms, and new heating and hot water equipment. Unit improvements also include new windows. Additional property upgrades include a new roof and upgraded electrical panels, and the building offers an on-site laundry facility for tenant convenience.
All units are currently occupied, supporting immediate rental income. The property is conveniently located near schools, shopping, and public transportation.
With the major systems and finishes already refreshed, the building is positioned as a turnkey option for buyers seeking a multi-unit residential income property.
All units are currently occupied, supporting immediate rental income. The property is conveniently located near schools, shopping, and public transportation.
With the major systems and finishes already refreshed, the building is positioned as a turnkey option for buyers seeking a multi-unit residential income property.
Key Highlights
- Fully remodeled 4‑plex built in 1950 with four 1‑bedroom, 1‑bath units
- All units currently occupied, providing immediate rental income
- Unit updates include new kitchens, appliances, bathrooms, windows, furnaces, and hot water heaters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,728
Cap Rate
4.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$374,560
$374.6K
Cap Rate 7%
$267,543
$267.5K
Cap Rate 9%
$208,089
$208.1K
Market Conditions
NOI Build-Up for 2,288 SF
Gross rent
$27.7K $12.12/SF
− Vacancy
−$976 −$0.43/SF
EGI
$26.8K $11.69/SF
− OpEx
−$8.0K −$3.51/SF
NOI
$18.7K $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 Rate 5%
$374,560
Cap Rate 7%
$267,543
Cap Rate 9%
$208,089
Alternative Uses
Best Use
Multifamily LT 5
$267.5K
$234.1K – $312.1K
NOI $18,728 @ 7.0% cap · market cap 4.86%
Second Best
Apartment 5plus
$241.0K
$210.9K – $281.2K
NOI $16,869 @ 7.0% cap · market cap 4.38%
Theoretical Best
Office A
$476.8K
$417.2K – $556.2K
NOI $33,374 @ 7.0% cap · market cap 8.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Location Intelligence
Trade Area within ½ mile
1,454
Businesses Nearby
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Business Placement
Demographics for 81003, CO
15,169
Population
6,233
Households
2.4
Avg Household Size
38
Median Age
18%
College-Educated
80%
High-School Grad
12.2 sq mi
ZIP Area
1,243
Density / Sq Mi
$43,750
Median Household Income
$33,941
Median Earnings
$847
Median Rent
$178,600
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
Frequently Asked Questions
What type of property is this?
Quadplex - Four occupied 1-bedroom, 1-bath units feature new kitchens, appliances, and on-site laundry, plus recent roof and electrical updates.
Where is this quadplex located?
The property is located at 1015 W 13th St Pueblo, CO.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Fully remodeled 4‑plex built in 1950 with four 1‑bedroom, 1‑bath units; All units currently occupied, providing immediate rental income; Unit updates include new kitchens, appliances, bathrooms, windows, furnaces, and hot water heaters
