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 Market110
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
(970) 819-6461
Listed By:
Tyson Letlow · License #FA100080924
Source:
719coloradohome
Added: May 15
Changed: Aug 31
Last Checked: Sep 1 at 8:05PM
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 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 = 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
$12,835
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
5.15%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
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 - 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
