Triplex with Covered
New
For Sale
$185,000
1115 E 3rd Street # 3117, Pueblo, CO 81001
All three apartments are occupied, with two at grade and one on the lower level.
Property Size1,736 SF
Price / SF$106.57
Days on Market2
Property Features for 1115 E 3rd Street # 3117
General Information
Standard status
Active
Size
1,736 SF
Property subtype
Income
Occupancy
100%
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
Amenities
covered front porch
fenced backyard
Partial Basement
Storm Window,Wood
Stucco
12197.0
Municipal
0.28
Building Details
Year Built
1929
Buildings
1
Stories
2
Listing Agency:
REMAX PROPERTIES
(719) 337-1448
Listed By:
Mark Jones · License #FA40025962
(678) 677-6034
Source:
Markjoneshomes
Added: Oct 29
Changed: Oct 30
Last Checked: Oct 30 at 2:00AM
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 REMAX PROPERTIES
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Investment Insights
Based on property information with market context.
This 1,736-square-foot triplex contains three apartments, each with one bedroom and one bathroom. Two units are on the main level, with living and dining areas, kitchens, and covered front porches; both connect to a fenced backyard. The third apartment is below grade and has its own living area, kitchen, bedroom, and bathroom. The property was built in 1929 and has a partial basement, storm windows, stucco exterior, gravel driveway, and ample parking on a 0.28-acre lot.
All three apartments are currently occupied. The property is near downtown and has access to major highways.
All three apartments are currently occupied. The property is near downtown and has access to major highways.
Key Highlights
- Three 1‑bedroom, 1‑bathroom apartments; all are occupied
- 1,736‑square‑foot building on a 0.28‑acre lot
- Two main‑level units, each with a covered front porch and access to the fenced backyard
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
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
100%
Occupancy
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - All three apartments are occupied, with two at grade and one on the lower level.
Where is this triplex located?
The property is located at 1115 E 3rd Street # 3117 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 1‑bedroom, 1‑bathroom apartments; all are occupied; 1,736‑square‑foot building on a 0.28‑acre lot; Two main‑level units, each with a covered front porch and access to the fenced backyard
