Well-Maintained Duplex with Remodeled
1019 E Orman Ave Pueblo, CO 81004
For Sale
$249,000
Newly remodeled duplex with an upstairs 1-bedroom/1-bath unit featuring a separate outside entrance.
Property Size1,568 SF
Price / SF$158.80
Days on Market16
Property Features for 1019 E Orman Ave
General Information
- Standard status
- Active
- Size
- 1,568 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1903
Listing Agency:
HomeSmart Realty Partners
(970) 819-6461
Listed By:
Tyson Letlow · License #FA100080924
(970) 819-6461
Source:
Exitrealty
Added: Jul 9
Changed: Jul 23
Last Checked: Jul 24 at 9:24AM
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 Realty Partners
Investment Insights
Based on property information with market context.
This well-maintained duplex has been newly remodeled and is presented as a turnkey investment. The layout includes a bottom unit described as a 3-bedroom unit and an upstairs unit with 1 bedroom and 1 bathroom. The upstairs unit has a separate outside entrance, supporting convenient, independent access.
Located on the south side of town and close to downtown, the property offers ample parking for residents and visitors. The owner pays water, which can help simplify monthly operating expenses.
With one unit currently supported by a long-term tenant and the top unit newly filled, the property is ready for the next investor to acquire and manage.
Located on the south side of town and close to downtown, the property offers ample parking for residents and visitors. The owner pays water, which can help simplify monthly operating expenses.
With one unit currently supported by a long-term tenant and the top unit newly filled, the property is ready for the next investor to acquire and manage.
Key Highlights
- Newly remodeled duplex, built in 1903
- Bottom unit: 3‑bedroom unit
- Upstairs unit: 1‑bedroom/1‑bath with a separate outside entrance
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $19.0k | $12.12 |
| − Vacancy | −$669 | −$0.43 |
| EGI | $18.3k | $11.69 |
| − OpEx | −$5.5k | −$3.51 |
| NOI | $12.8k | $8.19 |
1,568 SF · lease $12.12/SF/yr · vacancy 3.52% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$183.4K
$160.4K – $213.9K
NOI $12,835 @ 7.0% cap · market cap 5.15%
Second Best
Apartment 5plus
$165.1K
$144.5K – $192.7K
NOI $11,560 @ 7.0% cap · market cap 4.64%
Theoretical Best
Office A
$326.7K
$285.9K – $381.2K
NOI $22,872 @ 7.0% cap · market cap 9.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Newly remodeled duplex with an upstairs 1-bedroom/1-bath unit featuring a separate outside entrance.
Where is this duplex located?
The property is located at 1019 E Orman Ave Pueblo, CO.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Newly remodeled duplex, built in 1903; Bottom unit: 3‑bedroom unit; Upstairs unit: 1‑bedroom/1‑bath with a separate outside entrance
