Ranch Duplex Property with Covered
For Sale
$375,000
1217 N Greenwood St, Pueblo, CO 81003
MULTI_FAMILY - Ranch - Pueblo, CO
Property Size2,478 SF
Lot Size0.28 Acres
Price / SF$151.33
Days on Market48
Property Features for 1217 N Greenwood St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-5
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 6, Bedroom 4, Bedroom 2, Bedroom 3, Bathroom 3, Bathroom 4, Bedroom 5
Parking
1
Parking features
Garage - Attached
Window features
Single Pane Window(s), Vinyl Frames, Double Pane Windows
Patio and Porch features
Deck
Interior features
Ceiling Fan(s), Vaulted Ceiling(s), Cable TV
Exterior features
Outdoor Lighting-Rear, Outdoor Lighting-Front
Fencing
Fenced
Fireplace
1
Basement
Partial, Unfinished
Accessibility
Accessible Approach with Ramp
Appliances
Dishwasher-All, Refrigerator-All, Washer-All, Dryer-All, Built-in Oven-All
Subdivision
Northside/Avenues
Lot features
Lawn- Rear, Trees- Rear, Rock- Front, Trees- Front
Elementary school
D60
Middle school
D60
High school
D60
Standard status
Active
APN
525419015
Size
2,478 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
LOTS A THRU D INC ELIZABETH PL SUB OF N 1/2 OF BLK 37 COUNTY ADD FORMERLY #05254-19-001 + 002
Tax Annual Amount
2513
Legal Description
LOTS A THRU D INC ELIZABETH PL SUB OF N 1/2 OF BLK 37 COUNTY ADD FORMERLY #05254-19-001 + 002
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Water source
Public
Building Details
Year built
1940
Number of units
3
Flooring type
Hardwood
Building materials
Brick
Roof type
Composition
Architectural style
Ranch
Listing Agency:
Redfin Corp
(303) 909-6714
Listed By:
Travis Fraker
(719) 431-9757
Added: Jul 16
Changed: Aug 5
Last Checked: Sep 1 at 7:06PM
MLS# 241190
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.
R-5 zoned ranch duplex property configured into three separate spaces. One side features a 420 sq. ft. one-bedroom apartment. The main living area offers two bedrooms and one full bathroom, plus an unfinished 760 sq. ft. basement and garage space. A third unit includes three rooms and two half baths and is well suited for office or professional use. Each unit has its own full kitchen, and all appliances are included.
Constructed with brick and built in 1940, the home includes oak hardwood floors and double-pane vinyl windows. Heating is forced air with natural gas, and the roof is composition. A covered rear deck includes a handicap-accessible entry with ramp, and outdoor lighting is available at the front and rear. The property is fenced, and features include an accessible approach, public water, and public sewer.
Parking is available with eight spaces behind the property, plus additional street parking. The property sits on a 0.28-acre lot and is conveniently located between Parkview Hospital and the City Center.
Constructed with brick and built in 1940, the home includes oak hardwood floors and double-pane vinyl windows. Heating is forced air with natural gas, and the roof is composition. A covered rear deck includes a handicap-accessible entry with ramp, and outdoor lighting is available at the front and rear. The property is fenced, and features include an accessible approach, public water, and public sewer.
Parking is available with eight spaces behind the property, plus additional street parking. The property sits on a 0.28-acre lot and is conveniently located between Parkview Hospital and the City Center.
Key Highlights
- R‑5 zoned ranch duplex configured into three separate spaces
- 420 sq. ft. one‑bedroom apartment on one side
- Main area includes two bedrooms, one full bathroom, and an unfinished 760 sq. ft. basement
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
$20,283
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
5.41%
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%
$405,660
$405.7K
Cap Rate 7%
$289,757
$289.8K
Cap Rate 9%
$225,367
$225.4K
Market Conditions
NOI Build-Up for 2,478 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
$30.0K $12.12/SF
− Vacancy
−$1.1K −$0.43/SF
EGI
$29.0K $11.69/SF
− OpEx
−$8.7K −$3.51/SF
NOI
$20.3K $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%
$405,660
Cap Rate 7%
$289,757
Cap Rate 9%
$225,367
Alternative Uses
Best Use
Multifamily LT 5
$289.8K
$253.5K – $338.1K
NOI $20,283 @ 7.0% cap · market cap 5.41%
Second Best
Apartment 5plus
$261.0K
$228.4K – $304.5K
NOI $18,270 @ 7.0% cap · market cap 4.87%
Theoretical Best
Office A
$516.4K
$451.8K – $602.4K
NOI $36,146 @ 7.0% cap · market cap 9.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
2,016
Businesses Nearby
Explore this area
Business Placement
Demographics for 81003, CO
15,169
Population
6,233
Households
2.4
Avg Household Size
38
Median Age
18%
College-Educated
80%
High-School Grad
12.2 sq mi
ZIP Area
1,243
Density / Sq Mi
$43,750
Median Household Income
$33,941
Median Earnings
$847
Median Rent
$178,600
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?
Duplex - R-5 zoned ranch duplex configured as three separate spaces with covered rear deck and attached garage.
Where is this duplex located?
The property is located at 1217 N Greenwood St Pueblo, CO.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: R‑5 zoned ranch duplex configured into three separate spaces; 420 sq. ft. one‑bedroom apartment on one side; Main area includes two bedrooms, one full bathroom, and an unfinished 760 sq. ft. basement
