Duplex with Accessory
For Sale
$150,000
1437 Cypress St, Pueblo, CO 81004
Residential Income, Pueblo, CO
Property Size1,164 SF
Lot Size0.07 Acres
Price / SF$128.87
Days on Market49
Property Features for 1437 Cypress St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-3
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 3
Parking features
On Street
Window features
Window Coverings, Double Pane Windows
Patio and Porch features
Porch
Interior features
Walk-in Shower
Exterior features
Accessory Dwelling
Fencing
Wood
Appliances
Refrigerator-All, Gas Range-Some, Microwave Built-In-Some, Electric Cooktop-Some
Subdivision
Minnequa Area
Elementary school
D-60
Middle school
D-60
High school
D-60
Standard status
Active
APN
1512207010
Size
1,164 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
N 15 1/2 FT LOT 28 + S 1/2 OF 29 BLK 7 LAKE AVE ADD
Tax Annual Amount
1089
Legal Description
N 15 1/2 FT LOT 28 + S 1/2 OF 29 BLK 7 LAKE AVE ADD
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Water source
Public
Building Details
Year built
1903
Floors in Building
2
Number of units
2
Building materials
Stucco
Roof type
Rolled Hot Mop
Additional Structures
Guest House
Listing Agency:
8z Real Estate
(303) 332-3611
Listed By:
Victoria Labecki · License #FA100096581
(719) 757-5333
Added: Jul 12
Changed: Aug 28
Last Checked: Aug 29 at 11:06PM
MLS# 239845
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 1,164-square-foot duplex property includes a primary home and a separate rear dwelling, with both spaces currently rented. The floor plan includes three bedrooms and two bathrooms overall, along with a porch, wood fencing, stucco construction, and a walk-in shower. Appliances include refrigerators, gas ranges, built-in microwaves, and electric cooktops in some areas.
Built in 1903 on a 0.07-acre lot, the property is zoned R-3 and served by public water and public sewer. Forced-air heating supports the residences, while rolled hot-mop roofing and on-street parking complete the existing improvements. Located at 1437 Cypress St in Pueblo, the property offers a two-unit residential configuration within an established neighborhood setting.
Built in 1903 on a 0.07-acre lot, the property is zoned R-3 and served by public water and public sewer. Forced-air heating supports the residences, while rolled hot-mop roofing and on-street parking complete the existing improvements. Located at 1437 Cypress St in Pueblo, the property offers a two-unit residential configuration within an established neighborhood setting.
Key Highlights
- Two‑unit configuration with a primary home and separate rear dwelling
- 1,164 square feet on a 0.07‑acre lot
- Both residential spaces are currently rented
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
$9,528
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
6.35%
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%
$190,560
$190.6K
Cap Rate 7%
$136,114
$136.1K
Cap Rate 9%
$105,867
$105.9K
Market Conditions
NOI Build-Up for 1,164 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
$14.1K $12.12/SF
− Vacancy
−$497 −$0.43/SF
EGI
$13.6K $11.69/SF
− OpEx
−$4.1K −$3.51/SF
NOI
$9.5K $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%
$190,560
Cap Rate 7%
$136,114
Cap Rate 9%
$105,867
Alternative Uses
Best Use
Multifamily LT 5
$136.1K
$119.1K – $158.8K
NOI $9,528 @ 7.0% cap · market cap 6.35%
Second Best
Apartment 5plus
$122.6K
$107.3K – $143.0K
NOI $8,582 @ 7.0% cap · market cap 5.72%
Theoretical Best
Office A
$242.6K
$212.2K – $283.0K
NOI $16,979 @ 7.0% cap · market cap 11.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
698
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate residential spaces include an additional rear dwelling, public utilities, and on-street parking.
Where is this duplex located?
The property is located at 1437 Cypress St Pueblo, CO.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Two‑unit configuration with a primary home and separate rear dwelling; 1,164 square feet on a 0.07‑acre lot; Both residential spaces are currently rented
