Remodeled
For Sale
$249,000
1019 E Orman Ave, Pueblo, CO 81004
Two-unit residential property with separate access to the upper residence and on-site parking.
Property Size1,568 SF
Price / SF$158.80
Days on Market188
Property Features for 1019 E Orman Ave
General Information
Standard status
Active
Size
1,568 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
1 x 3BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Building Details
Year Built
1903
Buildings
1
Listing Agency:
HomeSmart Realty Partners
Listed By:
Tyson Letlow · License #FA100080924
(970) 819-6461
Source:
719coloradohome
Added: Apr 14
Changed: Oct 1
Last Checked: Oct 16 at 9:10AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex contains 1568 square feet and was built in 1903. The property has been remodeled, with the upper unit configured as a one-bedroom, one-bath residence featuring its own exterior entrance. Parking is available on site.
One unit is occupied by a long-term tenant, while the upper residence has recently been leased. The owner pays the water service. The property is located at 1019 E Orman Ave in Pueblo, Colorado, on the south side of town near downtown.
One unit is occupied by a long-term tenant, while the upper residence has recently been leased. The owner pays the water service. The property is located at 1019 E Orman Ave in Pueblo, Colorado, on the south side of town near downtown.
Key Highlights
- 1568 SF duplex built in 1903
- Remodeled two‑unit residential property
- Upper unit has 1 bedroom and 1 bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,835
Cap Rate
5.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$256,700
$256.7K
Cap Rate 7%
$183,357
$183.4K
Cap Rate 9%
$142,611
$142.6K
Market Conditions
NOI Build-Up for 1,568 SF
Gross rent
$19.0K $12.12/SF
− Vacancy
−$669 −$0.43/SF
EGI
$18.3K $11.69/SF
− OpEx
−$5.5K −$3.51/SF
NOI
$12.8K $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%
$256,700
Cap Rate 7%
$183,357
Cap Rate 9%
$142,611
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 authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
626
Businesses Nearby
Explore this area
Business Placement
Demographics for 81004, CO
26,005
Population
12,597
Households
2.1
Avg Household Size
39
Median Age
20%
College-Educated
90%
High-School Grad
160.9 sq mi
ZIP Area
162
Density / Sq Mi
$48,620
Median Household Income
$33,925
Median Earnings
$1,002
Median Rent
$181,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with separate access to the upper residence and on-site parking.
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: 1568 SF duplex built in 1903; Remodeled two‑unit residential property; Upper unit has 1 bedroom and 1 bath
