Renovated Duplex with Two
For Sale
$310,000
1020 W 16th St, Pueblo, CO 81003
Updated interiors include kitchen appliances and laundry hookups in both residences.
Property Size1,856 SF
Price / SF$167.03
Days on Market70
Property Features for 1020 W 16th St
General Information
Standard status
Active
Size
1,856 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR/1BA, 1 x 3BR/1BA
Multifamily Units
2
Amenities
kitchen appliances
washer/dryer hookups
Building Details
Year Built
1957
Buildings
1
Listing Agency:
Keller Williams Performance Realty
Listed By:
Amber Galassini · License #100092855
(719) 248-4121
Source:
719coloradohome
Added: Jun 25
Changed: Sep 2
Last Checked: Sep 1 at 8:04PM
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 Keller Williams Performance Realty
Investment Insights
Based on property information with market context.
This duplex contains two renovated residences totaling 1,856 square feet. The front home has 2 bedrooms and 1 bathroom, while the rear residence provides 3 bedrooms and 1 bathroom. Both units feature refreshed finishes, kitchen appliances, and washer and dryer hookups. The property was built in 1957.
Located at 1020 W 16th St in Pueblo, the property is near shopping, dining, schools, parks, and other major amenities. The two-unit configuration supports separate residential occupancy, with the differing bedroom layouts providing flexibility for an owner occupant or rental use.
Located at 1020 W 16th St in Pueblo, the property is near shopping, dining, schools, parks, and other major amenities. The two-unit configuration supports separate residential occupancy, with the differing bedroom layouts providing flexibility for an owner occupant or rental use.
Key Highlights
- Two‑unit duplex with 1,856 square feet
- Front unit includes 2 bedrooms and 1 bathroom
- Rear unit includes 3 bedrooms and 1 bathroom
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
$15,192
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
4.90%
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%
$303,840
$303.8K
Cap Rate 7%
$217,029
$217.0K
Cap Rate 9%
$168,800
$168.8K
Market Conditions
NOI Build-Up for 1,856 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
$22.5K $12.12/SF
− Vacancy
−$792 −$0.43/SF
EGI
$21.7K $11.69/SF
− OpEx
−$6.5K −$3.51/SF
NOI
$15.2K $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%
$303,840
Cap Rate 7%
$217,029
Cap Rate 9%
$168,800
Alternative Uses
Best Use
Multifamily LT 5
$217.0K
$189.9K – $253.2K
NOI $15,192 @ 7.0% cap · market cap 4.90%
Second Best
Apartment 5plus
$195.5K
$171.1K – $228.1K
NOI $13,684 @ 7.0% cap · market cap 4.41%
Theoretical Best
Office A
$386.8K
$338.4K – $451.2K
NOI $27,073 @ 7.0% cap · market cap 8.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,218
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?
Duplex - Updated interiors include kitchen appliances and laundry hookups in both residences.
Where is this duplex located?
The property is located at 1020 W 16th St Pueblo, CO.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,856 square feet; Front unit includes 2 bedrooms and 1 bathroom; Rear unit includes 3 bedrooms and 1 bathroom
