Remodeled Quadplex with
For Sale
$395,000
1015 W 13th St, Pueblo, CO 81003
Residential Income, Pueblo, CO
Property Size2,288 SF
Lot Size5.02 Acres
Price / SF$172.64
Days on Market69
Property Features for 1015 W 13th St
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
R-4
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bathroom 2, Bathroom 4, Bedroom 2, Bedroom 1, Bathroom 1, Bedroom 3, Bathroom 3
Window features
Double Pane Windows
Fencing
Fenced
Appliances
Dishwasher-All, Garbage Disposal-All, Refrigerator-All, Gas Range-All, Microwave Built-In-All
Subdivision
Northside/Avenues
Lot features
Trees- Front
Elementary school
Blakes Add
Middle school
Blakes Add
High school
Blakes Add
Standard status
Active
APN
0525307011
Size
2,288 SF
Lot size
5.02 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
LOT 16 BLK 14 BLAKES ADD
Tax Annual Amount
1695
Legal Description
LOT 16 BLK 14 BLAKES ADD
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Water source
Public
Amenities
on-site laundry facility
Building Details
Year built
1950
Number of units
4
Building materials
Frame, Plastic Plumbing
Roof type
Composition
Architectural style
Ranch
Listing Agency:
eXp Realty, LLC
(888) 440-2724
Listed By:
Dan Fortune · License #036166
(720) 515-9022
Added: Jun 23
Changed: Aug 24
Last Checked: Aug 30 at 1:06AM
MLS# 238896
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 2,288-square-foot quadplex contains four one-bedroom, one-bath apartments within a ranch-style building constructed in 1950. The property has undergone extensive remodeling, including refreshed kitchens with appliances, renovated bathrooms, replacement windows, new furnaces, new hot water heaters, upgraded electrical panels, and a new composition roof. An on-site laundry facility serves the residents, while fencing provides an enclosed property setting.
The property occupies 5.015 acres in Pueblo and carries R-4 zoning. Public water and public sewer serve the building, with natural-gas forced-air heating. All four units are occupied. The property is near schools, shopping, and public transportation, and the address is 1015 W 13th St, Pueblo, CO 81003.
The property occupies 5.015 acres in Pueblo and carries R-4 zoning. Public water and public sewer serve the building, with natural-gas forced-air heating. All four units are occupied. The property is near schools, shopping, and public transportation, and the address is 1015 W 13th St, Pueblo, CO 81003.
Key Highlights
- Four‑unit quadplex with four 1‑bedroom, 1‑bath apartments
- 2,288 square feet on 5.015 acres
- All four units are currently occupied
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
$18,728
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
4.74%
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%
$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
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
$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 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%
$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 4.74%
Second Best
Apartment 5plus
$241.0K
$210.9K – $281.2K
NOI $16,869 @ 7.0% cap · market cap 4.27%
Theoretical Best
Office A
$476.8K
$417.2K – $556.2K
NOI $33,374 @ 7.0% cap · market cap 8.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,454
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four occupied apartments feature updated interiors, private mechanical systems, and shared on-site laundry.
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 $395,000.
What are key features of this property?
This property features: Four‑unit quadplex with four 1‑bedroom, 1‑bath apartments; 2,288 square feet on 5.015 acres; All four units are currently occupied
