Two-Story Four-Unit
For Sale
$350,000
1118 E 6th St, Pueblo, CO 81001
Updated multifamily property with separately metered utilities and resident outdoor space.
Property Size4,000 SF
Price / SF$87.50
Days on Market31
Property Features for 1118 E 6th St
General Information
Standard status
Active
Size
4,000 SF
Property subtype
Multi-Family
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Additional Details
Gross Income
$46,200
Amenities
covered front porches
covered balconies
fully fenced yard
washer and dryer hookups
separately metered gas and electric
bonus basement space
Building Details
Year Built
1923
Buildings
1
Stories
2
Listing Agency:
Rocky Mountain Realty
(719) 252-9055
Listed By:
Toby Villanueva · License #100016222
Source:
Seehomesincolorado
Added: Aug 2
Changed: Aug 30
Last Checked: Aug 31 at 5:51PM
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 Rocky Mountain Realty
Investment Insights
Based on property information with market context.
This two-story quadplex contains four residential units totaling 4000 square feet. Each unit offers two bedrooms, one bathroom, washer and dryer hookups, and separately metered gas and electric service. The lower residences include additional basement areas and covered front porches, while the upper residences feature covered balconies. A fully fenced yard serves the property.
Recent work includes exterior and interior paint, newer LVP flooring, and selected kitchen and bathroom updates. Constructed in 1923, the property combines a four-unit layout with practical resident amenities and unit-level utility metering. The address is 1118 E 6th St, Pueblo, CO 81001.
Recent work includes exterior and interior paint, newer LVP flooring, and selected kitchen and bathroom updates. Constructed in 1923, the property combines a four-unit layout with practical resident amenities and unit-level utility metering. The address is 1118 E 6th St, Pueblo, CO 81001.
Key Highlights
- Four‑unit quadplex with 4000 square feet across two stories
- Each unit includes 2 bedrooms, 1 bathroom, and washer and dryer hookups
- Separately metered gas and electric service for every unit
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
$29,491
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
8.43%
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%
$589,820
$589.8K
Cap Rate 7%
$421,300
$421.3K
Cap Rate 9%
$327,678
$327.7K
Market Conditions
NOI Build-Up for 4,000 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
$55.7K $13.92/SF
− Vacancy
−$2.1K −$0.52/SF
EGI
$53.6K $13.40/SF
− OpEx
−$24.1K −$6.03/SF
NOI
$29.5K $7.37/SF
Area
Pueblo, CO
Vacancy
3.70%
Lease Rate
$13.92 /SF/Yr
Expense Ratio
45.00%
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%
$589,820
Cap Rate 7%
$421,300
Cap Rate 9%
$327,678
Alternative Uses
Best Use
Multifamily LT 5
$467.7K
$409.3K – $545.7K
NOI $32,741 @ 7.0% cap · market cap 9.35%
Second Best
Apartment 5plus
$421.3K
$368.6K – $491.5K
NOI $29,491 @ 7.0% cap · market cap 8.43%
Theoretical Best
Office A
$833.5K
$729.3K – $972.4K
NOI $58,346 @ 7.0% cap · market cap 16.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
363
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Updated multifamily property with separately metered utilities and resident outdoor space.
Where is this quadplex located?
The property is located at 1118 E 6th St Pueblo, CO.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Four‑unit quadplex with 4000 square feet across two stories; Each unit includes 2 bedrooms, 1 bathroom, and washer and dryer hookups; Separately metered gas and electric service for every unit
