Remodeled 9-Unit Apartment
1228-1230 E Evans Ave Pueblo, CO 81004
New
For Sale
$950,000
MULTI_FAMILY - Pueblo, CO
Property Size4,999 SF
Lot Size0.14 Acres
Price / SF$190.04
Days on Market1
Property Features for 1228-1230 E Evans Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- B-4
- Bedrooms
- 9
- Bathrooms
- 9
- Rooms
- Bathroom 5, Bedroom 6, Bedroom 7, Bathroom 2, Bedroom 8, Bathroom 3, Bedroom 4, Bedroom 5, Bedroom 2, Bedroom 3, Bathroom 8, Bathroom 4, Bathroom 7, Bathroom 6, Bedroom 9, Bedroom 1, Bathroom 9, Bathroom 1
- Parking features
- None
- Patio and Porch features
- Porch
- Interior features
- New Paint
- Basement
- Partial
- Appliances
- Dishwasher-Some, Refrigerator-All
- Standard status
- Active
- APN
- 1501417006
- Size
- 4,999 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LOTS 15 + 16 BLK 49 CITY HALL PL
- Tax Annual Amount
- 2065
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Wall Furnace
- Water source
- Public
Building Details
- Year built
- 1905
- Floors in Building
- 2
- Number of units
- 9
- Flooring type
- New floor coverings
- Building materials
- Frame, Stucco
- Roof type
- Flat
Listing Agency:
Buy Smart Colorado
(719) 310-8464
Listed By:
Caleb Skelton
(719) 216-4057
Added: Jul 23
Last Checked: Jul 23 at 11:06PM
MLS# 241343
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 fully remodeled 9-unit apartment building includes extensive interior and exterior upgrades, such as new luxury vinyl plank flooring, remodeled bathrooms, updated heating systems, granite countertops, fresh paint, and upgraded common areas. Many units feature new appliances and convenient in-unit laundry hookups. The property also offers a large unfinished basement with separate exterior access for storage or future use.
A 6-foot steel privacy fence encloses the front and rear, and a dedicated rear parking lot provides off-street parking for tenants. Each unit is separately metered for gas and electricity, with the landlord responsible only for water and trash service.
The building is zoned B-4.
A 6-foot steel privacy fence encloses the front and rear, and a dedicated rear parking lot provides off-street parking for tenants. Each unit is separately metered for gas and electricity, with the landlord responsible only for water and trash service.
The building is zoned B-4.
Key Highlights
- Fully remodeled 9‑unit apartment building built in 1905 with extensive interior and exterior updates.
- All nine units are separately metered for gas and electricity; landlord pays only water and trash services.
- Updated heating includes natural gas and wall furnace units.
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Fully remodeled 9-unit apartment building with separate gas/electric metering, fenced yard, and dedicated rear 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: Fully remodeled 9‑unit apartment building built in 1905 with extensive interior and exterior updates.; All nine units are separately metered for gas and electricity; landlord pays only water and trash services.; Updated heating includes natural gas and wall furnace units.
