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Well-Maintained Duplex Income Property

1019 E Orman Ave Pueblo, CO 81004

1019 E Orman Ave, Pueblo, CO, 81004
$249,000
For Sale
Claim this Listing
$249,000

MULTI_FAMILY - Pueblo, CO

Property Size1,568 SF
Lot Size0.11 Acres
Price / SF$158.80
AddedJul 8
Days on Market8
Last RefreshJul 15 at 2:06 pm

Property Features for 1019 E Orman Ave

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
R-2
Bedrooms
4
Bathrooms
2
Rooms
Bedroom 4, Bedroom 2, Bedroom 3, Bedroom 1, Bathroom 1, Bathroom 2
Parking features
None
Window features
Double Pane Windows
Interior features
New Paint, Ceiling Fan(s), Cable TV
Appliances
Washer-All, Dryer-None
Standard status
Active
APN
1501328028
Size
1,568 SF
Lot size
0.11 Acres

Taxes and HOA fees

Tax Year
2023
Tax Description
N 1/2 LOT 36 ALL 37 BLK 1 COLLEGE HILL SUB
Tax Annual Amount
812

Utilities

Sewer type
Public Sewer
Heating system
Hot Water(Heating)
Water source
Public

Building Details

Year built
1903
Floors in Building
2
Number of units
2
Flooring type
New floor coverings
Building materials
Concrete
Roof type
Composition

Listing agent Tyson Letlow License #995712481

Listing office HomeSmart Realty Partners 201 E 4th St, Loveland, CO

Listing date Jul 8, 2026

MLS# 241017 Listing URL

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 duplex is a well-maintained, newly remodeled residential income property offered as a turnkey purchase. The layout includes two units with a 3-bedroom/1-bath configuration on the bottom and a 1-bedroom/1-bath configuration upstairs. Each unit has its own separate outside entrance, supporting straightforward tenant access and day-to-day operations. The owner pays water, which can simplify utility management for occupants.

The property is located on the south side of town in Pueblo, Colorado, close to downtown. It sits on a relatively compact lot and includes ample parking to support tenants and guests. The current occupancy details indicate one unit is occupied by a long-term tenant while the top unit has recently been filled.

As an income-focused asset, this duplex can fit investors or owner-operators looking for a two-unit structure with independent entries and a residential configuration designed for steady rental use. With on-site parking and water provided by the owner, the property is positioned to support manageable operations from purchase onward. For buyers seeking a ready-to-rent setup, the remodeled condition and current unit readiness make scheduling a showing an immediate next step.

Key Highlights

  • Duplex built in 1903 with public water and public sewer connected
  • New paint and new floor coverings throughout
  • Hot water heating and composition roof

Local 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 (±1% cap)
NOI $12,835 @ 7.0% cap · market cap 5.15%
Second Best
Apartment 5plus
$165.1K
$144.5K – $192.7K (±1% cap)
NOI $11,560 @ 7.0% cap · market cap 4.64%
Theoretical Best
Office A
$326.7K
$285.9K – $381.2K (±1% cap)
NOI $22,872 @ 7.0% cap · market cap 9.19%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Real Estate Agency Parking Lot & Garage Daycare Center Dental Office Garden Center (Bike/Boat/Book/etc) Store Carpet & Flooring Store Computer & Electronic Repair Food Market Tech Support Center

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Turnkey, newly remodeled duplex with two separate units and ample parking for an easy residential income setup.
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: Duplex built in 1903 with public water and public sewer connected; New paint and new floor coverings throughout; Hot water heating and composition roof
Contact an agent
More about this property
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