Renovated Duplex with Two Updated
New
For Sale
$310,000
1020 W 16th St, Pueblo, CO 81003
MULTI_FAMILY - Ranch - Pueblo, CO
Property Size1,856 SF
Lot Size0.12 Acres
Price / SF$167.03
Days on Market2
Property Features for 1020 W 16th St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-3
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bedroom 3, Bedroom 1, Bedroom 4, Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 5
Parking features
Offsite, On Street
Window features
Double Pane Windows, Vinyl Frames
Patio and Porch features
Porch, Patio
Interior features
New Paint
Fencing
Fenced
Basement
Crawl Space
Appliances
Dishwasher-All, Refrigerator-All, Electric Range-All, Microwave Built-In-All
Subdivision
Northside/Avenues
Lot features
Trees- Front
Elementary school
60
Middle school
60
High school
60
Standard status
Active
APN
0525216002
Size
1,856 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 6 BLK 32 CRAIGS ADD
Tax Annual Amount
1159
Legal Description
LOT 6 BLK 32 CRAIGS ADD
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Electric (Heating)
Water source
Public
Building Details
Year built
1957
Number of units
2
Flooring type
New floor coverings
Building materials
Stucco
Roof type
Composition
Architectural style
Ranch
Listing Agency:
Keller Williams Performance Realty · Keller Williams Realty
(719) 583-1100
Listed By:
Amber Galassini · License #100092855
(719) 248-4121
Added: Jul 29
Changed: Jul 30
Last Checked: Jul 30 at 10:06PM
MLS# 241451
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 fully renovated duplex includes two updated units. The front unit is a 2-bedroom, 1-bath layout, and the rear unit offers 3 bedrooms and 1 bathroom. Both units have updated finishes throughout and include kitchen appliances, with washer and dryer hookups for added convenience.
The property is zoned R-3 and located in Pueblo, CO. It sits on a 0.12-acre lot.
As a ranch-style duplex, the configuration provides flexibility for rental income or owner occupancy, depending on how the units are utilized.
The property is zoned R-3 and located in Pueblo, CO. It sits on a 0.12-acre lot.
As a ranch-style duplex, the configuration provides flexibility for rental income or owner occupancy, depending on how the units are utilized.
Key Highlights
- Renovated duplex (Ranch) built in 1957 with two updated units in Pueblo
- Front unit: 2 bedrooms and 1 bathroom
- Rear unit: 3 bedrooms and 1 bathroom
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 | $22.5k | $12.12 |
| − Vacancy | −$792 | −$0.43 |
| EGI | $21.7k | $11.69 |
| − OpEx | −$6.5k | −$3.51 |
| NOI | $15.2k | $8.19 |
1,856 SF · lease $12.12/SF/yr · vacancy 3.52% · expense 30.00%
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
Location Intelligence
Trade Area within ½ mile
1,285
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 - Fully renovated duplex offering two updated units, each with kitchen appliances and washer/dryer hookups.
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: Renovated duplex (Ranch) built in 1957 with two updated units in Pueblo; Front unit: 2 bedrooms and 1 bathroom; Rear unit: 3 bedrooms and 1 bathroom
