9-Unit Remodeled Apartment
For Sale
$895,000
1228-1230 E Evans Ave, Pueblo, CO 81004
Recently renovated multifamily property with separately metered utilities, resident parking, and additional basement storage.
Property Size4,999 SF
Price / SF$179.04
Days on Market125
Property Features for 1228-1230 E Evans Ave
General Information
Standard status
Active
Size
4,999 SF
Property subtype
Multi-Family
Additional Details
Utilities to Site
Yes
Multifamily Units
9
Amenities
off-street parking
in-unit laundry hookups
privacy fence
Building Details
Year Built
1905
Buildings
1
Listing Agency:
Buy Smart Colorado
Listed By:
Caleb Skelton · License #FA100077073
(719) 216-4057
Source:
Seehomesincolorado
Added: Jun 14
Changed: Oct 1
Last Checked: Oct 14 at 11:22PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located at 1228-1230 E Evans Ave in Pueblo, Colorado, this 9-unit apartment building was originally constructed in 1905 and has received extensive interior and exterior improvements. Renovations include luxury vinyl plank flooring, refreshed bathrooms, updated heating systems, granite countertops, new paint, and improved common areas. Most apartments include new appliances and in-unit laundry hookups.
A sizable unfinished basement has its own exterior entrance and can serve as landlord storage. The property is enclosed by a 6-foot steel privacy fence around the front and rear areas, with a dedicated rear parking lot providing off-street parking. Each unit has separate gas and electric metering, while water and trash service remain the landlord’s responsibility. Long-term leases are in place across the property.
A sizable unfinished basement has its own exterior entrance and can serve as landlord storage. The property is enclosed by a 6-foot steel privacy fence around the front and rear areas, with a dedicated rear parking lot providing off-street parking. Each unit has separate gas and electric metering, while water and trash service remain the landlord’s responsibility. Long-term leases are in place across the property.
Key Highlights
- 9‑unit apartment building at 1228‑1230 E Evans Ave, Pueblo, CO 81004
- Extensively renovated with new flooring, bathrooms, heating systems, granite countertops, and paint
- Most units include new appliances and in‑unit laundry hookups
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,856
Cap Rate
4.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$737,120
$737.1K
Cap Rate 7%
$526,514
$526.5K
Cap Rate 9%
$409,511
$409.5K
Market Conditions
NOI Build-Up for 4,999 SF
Gross rent
$69.6K $13.92/SF
− Vacancy
−$2.6K −$0.52/SF
EGI
$67.0K $13.40/SF
− OpEx
−$30.2K −$6.03/SF
NOI
$36.9K $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 Rate 5%
$737,120
Cap Rate 7%
$526,514
Cap Rate 9%
$409,511
Alternative Uses
Best Use
Apartment 5plus
$526.5K
$460.7K – $614.3K
NOI $36,856 @ 7.0% cap · market cap 4.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.04M
$911.5K – $1.22M
NOI $72,919 @ 7.0% cap · market cap 8.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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
Frequently Asked Questions
What type of property is this?
Apartment building - Recently renovated multifamily property with separately metered utilities, resident parking, and additional basement storage.
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 $895,000.
What are key features of this property?
This property features: 9‑unit apartment building at 1228‑1230 E Evans Ave, Pueblo, CO 81004; Extensively renovated with new flooring, bathrooms, heating systems, granite countertops, and paint; Most units include new appliances and in‑unit laundry hookups
