R-4 Quadplex with Updated
For Sale
$350,000
1118 E 6th St, Pueblo, CO 81001
Residential Income, Pueblo, CO
Property Size4,000 SF
Lot Size0.14 Acres
Price / SF$87.50
Days on Market54
Property Features for 1118 E 6th St
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
R-4
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bedroom 5, Bedroom 6, Bathroom 3, Bedroom 7, Bedroom 1, Bathroom 1, Bedroom 4, Bedroom 8, Bathroom 2, Bedroom 2, Bathroom 4
Parking features
On Street
Window features
Double Pane Windows
Patio and Porch features
Deck, Porch
Interior features
New Paint
Fencing
Fenced, Wood
Basement
Full, Partially Finished
Appliances
Refrigerator-All, Electric Range-All
Subdivision
Eastside
Lot features
Rock- Front
Elementary school
60
Middle school
60
High school
60
Standard status
Active
APN
0431111003
Size
4,000 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOTS 5-6 BLK 5 WINTERS ADD
Tax Annual Amount
2149
Legal Description
LOTS 5-6 BLK 5 WINTERS ADD
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Water source
Public
Amenities
covered front porches
covered balconies
fully fenced yard
washer and dryer hookups
separately metered gas and electric service
bonus basement space
Building Details
Year built
1923
Floors in Building
2
Number of units
4
Flooring type
Tile
Building materials
Frame, Stucco, Copper Plumbing, Plastic Plumbing
Roof type
Flat
Listing Agency:
Rocky Mountain Realty
(719) 569-7276
Listed By:
Toby Villanueva · License #100016222
(719) 252-9055
Added: Aug 5
Changed: Sep 14
Last Checked: Sep 27 at 1:06PM
MLS# 241580
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 4,000-square-foot quadplex contains four two-bedroom, one-bath units in a two-story building constructed in 1923. Select apartments have refreshed kitchens and bathrooms, while the property also features newer LVP flooring, updated interior and exterior paint, tile flooring, forced-air natural-gas heat, and washer and dryer hookups. Gas and electric service are separately metered for each unit.
The lower apartments include additional basement space and covered front porches; upper apartments offer covered balconies. The fully fenced wood yard, public water and sewer, flat roof, and on-street parking complete the property. Located at 1118 E 6th St in Pueblo, Colorado, the 0.138-acre parcel is zoned R-4. Owner-paid services are limited to water and trash.
The lower apartments include additional basement space and covered front porches; upper apartments offer covered balconies. The fully fenced wood yard, public water and sewer, flat roof, and on-street parking complete the property. Located at 1118 E 6th St in Pueblo, Colorado, the 0.138-acre parcel is zoned R-4. Owner-paid services are limited to water and trash.
Key Highlights
- Four 2‑bedroom, 1‑bath units in a 4,000‑square‑foot quadplex
- 0.138‑acre parcel zoned R‑4 in Pueblo, CO
- Built in 1923 with updated paint, flooring, kitchens, and select bathrooms
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
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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
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four two-bedroom units include separate utility metering and covered outdoor areas.
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 2‑bedroom, 1‑bath units in a 4,000‑square‑foot quadplex; 0.138‑acre parcel zoned R‑4 in Pueblo, CO; Built in 1923 with updated paint, flooring, kitchens, and select bathrooms
