Triplex with Covered
New
For Sale
$185,000
1115-1117 E 3rd St, Pueblo, CO 81001
Three residences have separate kitchens, and the two upper-level homes include covered porches.
Property Size1,736 SF
Price / SF$106.57
Days on Market4
Property Features for 1115-1117 E 3rd St
General Information
Standard status
Active
Size
1,736 SF
Property subtype
Triplex
Site & Location
Neighborhood
Lower East Side
Highway Access
Yes
Units
Unit Mix
3 x 1BR/1BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$789
Building Details
Building Size
1,736 SF
Year Built
1929
Listing Agency:
Keller Williams Performance Realty
Listed By:
Jami Baker Orr Team
(719) 583-1100
Source:
Curtisryanrealestate
Added: Oct 26
Last Checked: Oct 26 at 3:54PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1929, this 1,736-square-foot triplex contains three one-bedroom, one-bathroom residences. The upper-level units each include living and dining areas, a kitchen, and a covered front porch. A fenced backyard is accessible from both upper homes. The lower-level residence has its own living area, kitchen, bedroom, and bathroom.
The property includes a gravel driveway and on-site parking. It is near downtown and offers access to major highways.
The property includes a gravel driveway and on-site parking. It is near downtown and offers access to major highways.
Key Highlights
- Three residences, each with 1 bedroom and 1 bathroom
- 1,736‑square‑foot building constructed in 1929
- Covered front porches at both upper‑level residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,210
Cap Rate
7.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$284,200
$284.2K
Cap Rate 7%
$203,000
$203.0K
Cap Rate 9%
$157,889
$157.9K
Market Conditions
NOI Build-Up for 1,736 SF
Gross rent
$21.0K $12.12/SF
− Vacancy
−$741 −$0.43/SF
EGI
$20.3K $11.69/SF
− OpEx
−$6.1K −$3.51/SF
NOI
$14.2K $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 Rate 5%
$284,200
Cap Rate 7%
$203,000
Cap Rate 9%
$157,889
Alternative Uses
Best Use
Multifamily LT 5
$203.0K
$177.6K – $236.8K
NOI $14,210 @ 7.0% cap · market cap 7.68%
Second Best
Apartment 5plus
$182.8K
$160.0K – $213.3K
NOI $12,799 @ 7.0% cap · market cap 6.92%
Theoretical Best
Office A
$361.7K
$316.5K – $422.0K
NOI $25,322 @ 7.0% cap · market cap 13.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
352
Businesses Nearby
Explore this area
Business Placement
Demographics for 81001, CO
31,107
Population
13,651
Households
2.3
Avg Household Size
37
Median Age
21%
College-Educated
88%
High-School Grad
32.0 sq mi
ZIP Area
972
Density / Sq Mi
$47,086
Median Household Income
$35,204
Median Earnings
$1,027
Median Rent
$208,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three residences have separate kitchens, and the two upper-level homes include covered porches.
Where is this triplex located?
The property is located at 1115-1117 E 3rd St Pueblo, CO.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: Three residences, each with 1 bedroom and 1 bathroom; 1,736‑square‑foot building constructed in 1929; Covered front porches at both upper‑level residences
