Duplex with Detached
1516 E Routt Ave, Pueblo, CO 81004
For Sale
New
$169,500
Residential Income, Pueblo, CO
Property Size744 SF
Lot Size0.14 Acres
Price / SF$227.82
Days on Market7
Property Features for 1516 E Routt Ave
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Window features
Appliances
Subdivision
Elementary school
Middle school
High school
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Water source
Building Details
Year built
Number of units
Building materials
Roof type
Architectural style
Listing Agency:
Buy Smart Colorado
(719) 310-8464
Listed By:
Caleb Skelton · License CO FA100077073
(719) 216-4057
Added: Nov 4
Last Checked: Nov 10 at 10:06PM
MLS# 243081
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.
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Investment Insights
Based on property information with market context.
The property comprises two separate dwellings: a one-bedroom front home and a detached rear cottage. The buildings total 744 square feet on a 0.14-acre parcel. Built in 1947, the property has frame construction, a ranch-style design, and baseboard electric heat. Public water and sewer serve the site, and the property is zoned R-3.
Both dwellings have established tenants, who are responsible for their utilities. The property has undergone remodeling, though specific improvements are not detailed.
Both dwellings have established tenants, who are responsible for their utilities. The property has undergone remodeling, though specific improvements are not detailed.
Key Highlights
- Two separate dwellings, including a one‑bedroom front home and detached rear cottage
- 744 square feet on a 0.14‑acre parcel
- R‑3 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,090
Cap Rate
3.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$121,800
$121.8K
Cap Rate 7%
$87,000
$87.0K
Cap Rate 9%
$67,667
$67.7K
Market Conditions
NOI Build-Up for 744 SF
Gross rent
$9.0K $12.12/SF
− Vacancy
−$317 −$0.43/SF
EGI
$8.7K $11.69/SF
− OpEx
−$2.6K −$3.51/SF
NOI
$6.1K $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 Rate 5%
$121,800
Cap Rate 7%
$87,000
Cap Rate 9%
$67,667
Alternative Uses
Best Use
Multifamily LT 5
$87.0K
$76.1K – $101.5K
NOI $6,090 @ 7.0% cap · market cap 3.59%
Second Best
Apartment 5plus
$78.4K
$68.6K – $91.4K
NOI $5,485 @ 7.0% cap · market cap 3.24%
Theoretical Best
Office A
$155.0K
$135.7K – $180.9K
NOI $10,852 @ 7.0% cap · market cap 6.40%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
709
Businesses Nearby
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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
$181,200
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Pueblo, CO
Properties on Market for Duplexes in Pueblo
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate dwellings provide distinct residential rental spaces on an R-3-zoned parcel.
Where is this duplex located?
The property is located at 1516 E Routt Ave Pueblo, CO.
What is the asking price?
The asking price for this property is $169,500.
What are key features of this property?
This property features: Two separate dwellings, including a one‑bedroom front home and detached rear cottage; 744 square feet on a 0.14‑acre parcel; R‑3 zoning
