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    Multifamily Investment Opportunity in Pueblo Title is generated by Realmo AI

    1024-1026 Oxford Street & 28 Amherst Avenue, Pueblo, CO 81005

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    Claim this Listing
    For Sale
    $3,150,000

    35 units across 3 buildings in Pueblo, Colorado.

    Type:Multifamily
    Property size:
    32,325 SF
    Price / SF:
    $97/SF
    Added:
    Nov 21, 2025
    Days on Market:
    194
    Last Refresh:
    May 19 at 9:09 pm

    Property Features for 1024-1026 Oxford Street & 28 Amherst Avenue

    General Information

    Standard status
    Active
    Size
    32,325 SF
    Property subtype
    Multifamily

    We can help!

    Listing Contact
    Chris Knowlton
    Chris Knowlton

    Listing agent Chris Knowlton License #FA100032419

    Listing office Pinnacle Real Estate Advisors

    Listing date Nov 21, 2025

    Source Pinnaclerea

    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 Pinnacle Real Estate Advisors

    HighLights

    • 35 Units Across 3 Buildings, featuring a mix of 1Br/1Ba and 2Br/1Ba units.
    • Meticulously Maintained Buildings with Recent Upgrades.
    • 23 Carports and 2 Garages Providing Additional Revenue.
    • 24 Units with Private Balconies.
    • Community Pergolas and Grilling Stations in Each Building.
    • Convenient Location Near Union Avenue Historic District, Highway 50, Greenway Trail, and Lake Pueblo State Park.

    Overview

    The property at 1024-1026 Oxford and 28 Amherst features 35 units across three buildings, comprising 24 one-bedroom, one-bathroom units and 11 two-bedroom, one-bathroom units. The buildings at 1024 and 1026 Oxford were constructed between 1971 and 1972, while 28 Amherst was built in 1985. The property includes 23 carports and two garages that generate additional revenue. Twenty-four units feature private balconies, and each building has a community pergola and grilling station. Recent improvements include a silicon-coated roof at 1024 Oxford, new gutters at 1024 and 1026 Oxford, new landscaping, pergolas with BBQ grills and new concrete pads, outdoor eating areas, a new sidewalk, and replacement of all swamp coolers within the last year. A circulating pump and hot water system serve 1026 Oxford. Historically operated as a 55+ community (not deed restricted), the property has been meticulously maintained. Located in Pueblo, Colorado, Oxford Pines is near the Union Avenue Historic District for dining and shopping, with convenient access to Highway 50, the Greenway Trail, and Lake Pueblo State Park. This location offers an attractive opportunity for multifamily and high-rise investors.

    Local Financial Insights For Apartment 5plus

    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 $450.0k $13.92
    − Vacancy −$16.6k −$0.52
    EGI $433.3k $13.40
    − OpEx −$195.0k −$6.03
    NOI $238.3k $7.37
    32,325 SF · lease $13.92/SF/yr · vacancy 3.70% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $3.40M
    $2.98M – $3.97M (±1% cap)
    NOI $238,323 @ 7.0% cap · market cap 7.57%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $6.74M
    $5.89M – $7.86M (±1% cap)
    NOI $471,513 @ 7.0% cap · market cap 14.97%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Pueblo
    County
    Pueblo
    State
    Colorado
    Longitude
    -104.655
    Latitude
    38.253

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    FAQs

    What type of property is this?
    Apartment building - 35 units across 3 buildings in Pueblo, Colorado.
    Where is this apartment building located?
    The property is located at 1024-1026 Oxford Street & 28 Amherst Avenue Pueblo, CO.
    What is the asking price?
    The asking price for this property is $3,150,000.
    What are key features of this property?
    This property features: 35 Units Across 3 Buildings, featuring a mix of 1Br/1Ba and 2Br/1Ba units.; Meticulously Maintained Buildings with Recent Upgrades.; 23 Carports and 2 Garages Providing Additional Revenue.
    (719) 325-6087
    We can help!
    Listing Contact
    Chris Knowlton
    Chris Knowlton
    Real Estate License ID: FA100032419
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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