Duplex With One-Car
For Sale
$224,900
113 W Routt Ave, Pueblo, CO 81004
Two residential units are accompanied by a one-car garage and on-street parking.
Property Size1,318 SF
Days on Market201
Property Features for 113 W Routt Ave
General Information
Standard status
Active
Size
1,318 SF
Total Parking Spaces
1
Property subtype
Multi Family Home
Zoning
R-5
Lease Term
12 Months
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$942
Building Details
Building Size
1,318 SF
Year Built
1907
Units
2
Listing Agency:
RE/MAX Of Pueblo Inc
(719) 406-0999
Listed By:
Ben Pirraglia · License #FA40039718
(719) 406-0999
Source:
Pikespeakdreamhomesrealty
Added: Feb 10
Changed: Aug 29
Last Checked: Aug 29 at 2:45PM
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 RE/MAX Of Pueblo Inc
Investment Insights
Based on property information with market context.
This Pueblo duplex contains two residential units and includes a one-car garage. On-street parking provides additional parking availability for the property. The building was constructed in 1907 and carries R-5 zoning.
Located at 113 W Routt Ave in Pueblo, Colorado, the property offers a residential income configuration within an established city setting.
Located at 113 W Routt Ave in Pueblo, Colorado, the property offers a residential income configuration within an established city setting.
Key Highlights
- Duplex with two residential units
- One‑car garage included
- On‑street parking available
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
$10,788
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
4.80%
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%
$215,760
$215.8K
Cap Rate 7%
$154,114
$154.1K
Cap Rate 9%
$119,867
$119.9K
Market Conditions
NOI Build-Up for 1,318 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
$16.0K $12.12/SF
− Vacancy
−$562 −$0.43/SF
EGI
$15.4K $11.69/SF
− OpEx
−$4.6K −$3.51/SF
NOI
$10.8K $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 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%
$215,760
Cap Rate 7%
$154,114
Cap Rate 9%
$119,867
Alternative Uses
Best Use
Multifamily LT 5
$154.1K
$134.9K – $179.8K
NOI $10,788 @ 7.0% cap · market cap 4.80%
Second Best
Apartment 5plus
$138.8K
$121.5K – $162.0K
NOI $9,717 @ 7.0% cap · market cap 4.32%
Theoretical Best
Office A
$274.6K
$240.3K – $320.4K
NOI $19,225 @ 7.0% cap · market cap 8.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,182
Businesses Nearby
Explore this area
Business Placement
Demographics for 81004, CO
26,005
Population
12,597
Households
2.1
Avg Household Size
39
Median Age
20%
College-Educated
90%
High-School Grad
160.9 sq mi
ZIP Area
162
Density / Sq Mi
$48,620
Median Household Income
$33,925
Median Earnings
$1,002
Median Rent
$181,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units are accompanied by a one-car garage and on-street parking.
Where is this duplex located?
The property is located at 113 W Routt Ave Pueblo, CO.
What is the asking price?
The asking price for this property is $224,900.
What are key features of this property?
This property features: Duplex with two residential units; One‑car garage included; On‑street parking available
