9-Unit Remodeled Apartment
For Sale
$950,000
1228-1230 E Evans Ave, Pueblo, CO 81004
Remodeled multifamily property with separately metered utilities, enclosed grounds, and off-street tenant parking.
Days on Market10
Property Features for 1228-1230 E Evans Ave
General Information
Standard status
Active
Property subtype
Multi Family Home
Additional Details
Utilities to Site
Yes
Multifamily Units
9
Amenities
in-unit laundry hookups
common areas
privacy fence
off-street parking
basement
Building Details
Building Size
4,999 SF
Year Built
1905
Buildings
1
Listing Agency:
Buy Smart Colorado
(719) 216-4057
Listed By:
Caleb Skelton · License #FA100077073
(719) 216-4057
Source:
Pikespeakdreamhomesrealty
Added: Jul 23
Changed: Jul 31
Last Checked: Aug 1 at 12:25PM
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 Buy Smart Colorado
Investment Insights
Based on property information with market context.
Built in 1905, this 9-unit apartment building has undergone extensive remodeling, including luxury vinyl plank flooring, remodeled bathrooms, updated heating systems, granite countertops, fresh interior and exterior paint, and upgraded common areas. Most units feature new appliances and in-unit laundry hookups. A large unfinished basement with separate exterior access provides storage space, while a 6-foot steel privacy fence encloses the front and rear areas. A dedicated rear parking lot provides off-street parking for tenants.
All nine units are separately metered for gas and electricity, with the landlord responsible for water and trash service. Long-term leases are already in place, and the property is located at 1228-1230 E Evans Ave in Pueblo, Colorado.
All nine units are separately metered for gas and electricity, with the landlord responsible for water and trash service. Long-term leases are already in place, and the property is located at 1228-1230 E Evans Ave in Pueblo, Colorado.
Key Highlights
- 9‑unit apartment building built in 1905
- Extensive remodeling includes flooring, bathrooms, heating systems, granite countertops, and paint
- Large unfinished basement with separate exterior access
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $69.6k | $13.92 |
| − Vacancy | −$2.6k | −$0.52 |
| EGI | $67.0k | $13.40 |
| − OpEx | −$30.2k | −$6.03 |
| NOI | $36.9k | $7.37 |
4,999 SF · lease $13.92/SF/yr · vacancy 3.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$526.5K
$460.7K – $614.3K
NOI $36,856 @ 7.0% cap · market cap 3.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.04M
$911.5K – $1.22M
NOI $72,919 @ 7.0% cap · market cap 7.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
9
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
426
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?
Apartment building - Remodeled multifamily property with separately metered utilities, enclosed grounds, and off-street tenant parking.
Where is this apartment building located?
The property is located at 1228-1230 E Evans Ave Pueblo, CO.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 9‑unit apartment building built in 1905; Extensive remodeling includes flooring, bathrooms, heating systems, granite countertops, and paint; Large unfinished basement with separate exterior access
