Brick Triplex Near Parkview
New
For Sale
$299,000
1325 N Elizabeth St, Pueblo, CO 81003
Residential Income, Pueblo, CO
Property Size2,560 SF
Lot Size0.24 Acres
Price / SF$116.80
Days on Market5
Property Features for 1325 N Elizabeth St
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
B-1
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bathroom 3, Bedroom 1, Bedroom 5, Bedroom 6, Bathroom 2, Bedroom 4, Bedroom 2, Bathroom 1
Parking features
None
Window features
Single Pane Window(s)
Patio and Porch features
Deck
Interior features
Walk-in Shower
Fencing
Wood
Subdivision
Northside/Avenues
Lot features
Corner Lot, Sprinkler System- Rear, Lawn- Front
Elementary school
60
Middle school
60
High school
60
Standard status
Active
APN
0525409001
Size
2,560 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOTS 1 + 2 BLK 41 COUNTY ADD
Tax Annual Amount
2012
Legal Description
LOTS 1 + 2 BLK 41 COUNTY ADD
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Wall Unit(s)
Water source
Public
Building Details
Year built
1958
Floors in Building
2
Number of units
3
Building materials
Brick, Copper Plumbing
Roof type
Composition
Additional Structures
Outbuilding
Listing Agency:
RE/MAX Associates · RE/MAX International
(719) 583-8383
Listed By:
Kendall Curtis · License #40008607
(719) 334-1234
Added: Sep 10
Changed: Sep 13
Last Checked: Sep 14 at 4:06AM
MLS# 242213
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 1958 brick triplex contains 2,560 square feet on a 0.24-acre corner lot. The property includes six bedrooms and three bathrooms, with two units currently rented and the third occupied by the owner. A prior dental-office layout was converted for residential use. Interior features include a walk-in shower, while a deck and wood fencing add exterior functionality.
The property is located near Parkview Hospital with access from N Elizabeth St. It carries B-1 zoning and is served by public water and public sewer. Building systems include natural-gas forced-air heat, wall-unit cooling, copper plumbing, and a composition roof.
The property is located near Parkview Hospital with access from N Elizabeth St. It carries B-1 zoning and is served by public water and public sewer. Building systems include natural-gas forced-air heat, wall-unit cooling, copper plumbing, and a composition roof.
Key Highlights
- Three‑unit building with two rented units and one owner‑occupied unit
- 2,560 square feet on a 0.24‑acre corner lot
- Six bedrooms and three bathrooms
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
$20,955
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
7.01%
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%
$419,100
$419.1K
Cap Rate 7%
$299,357
$299.4K
Cap Rate 9%
$232,833
$232.8K
Market Conditions
NOI Build-Up for 2,560 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
$31.0K $12.12/SF
− Vacancy
−$1.1K −$0.43/SF
EGI
$29.9K $11.69/SF
− OpEx
−$9.0K −$3.51/SF
NOI
$21.0K $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%
$419,100
Cap Rate 7%
$299,357
Cap Rate 9%
$232,833
Alternative Uses
Best Use
Multifamily LT 5
$299.4K
$261.9K – $349.3K
NOI $20,955 @ 7.0% cap · market cap 7.01%
Second Best
Apartment 5plus
$269.6K
$235.9K – $314.6K
NOI $18,874 @ 7.0% cap · market cap 6.31%
Theoretical Best
Office A
$533.5K
$466.8K – $622.4K
NOI $37,342 @ 7.0% cap · market cap 12.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,558
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit residential income property with two leased units and one owner-occupied unit on a corner parcel.
Where is this triplex located?
The property is located at 1325 N Elizabeth St Pueblo, CO.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Three‑unit building with two rented units and one owner‑occupied unit; 2,560 square feet on a 0.24‑acre corner lot; Six bedrooms and three bathrooms
