Duplex with Detached Studio
For Sale
$139,000
1802 E 8th St, Pueblo, CO 81001
MULTI_FAMILY - Pueblo, CO
Property Size1,600 SF
Lot Size0.17 Acres
Price / SF$86.88
Days on Market47
Property Features for 1802 E 8th St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-2
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 2, Bedroom 1, Bathroom 2, Bedroom 5, Bathroom 3, Bedroom 3, Bedroom 4, Bathroom 1
Parking
1
Parking features
Garage - Detached
Window features
Wood Frames
Patio and Porch features
Porch
Interior features
Ceiling Fan(s), Accessory Dwelling
Fencing
Fenced
Basement
Crawl Space
Appliances
Refrigerator-All, Gas Range-All
Subdivision
Eastside
Lot features
Corner Lot, Trees- Front
Elementary school
D60
Middle school
D60
High school
D60
Standard status
Active
APN
429437009
Size
1,600 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOTS 1 + 2 BLK 214 EAST PUEBLO HEIGHTS SUB 2ND
Tax Annual Amount
1225
Legal Description
LOTS 1 + 2 BLK 214 EAST PUEBLO HEIGHTS SUB 2ND
Utilities
Sewer type
Public Sewer
Heating system
Floor Furnace, Forced Air, Natural Gas
Cooling system
Wall Unit(s)
Water source
Public
Building Details
Year built
1901
Floors in Building
1
Number of units
2
Flooring type
New floor coverings
Building materials
Frame, Stucco
Roof type
Composition
Listing Agency:
Keller Williams Performance Realty · Keller Williams Realty
(719) 583-1100
Listed By:
Team Rochelle Cozzolino
(719) 252-7488
Added: Jul 15
Changed: Aug 15
Last Checked: Aug 30 at 7:06AM
MLS# 241188
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 duplex property includes a main house and a detached studio apartment, offering flexible living and rental options on the same site. The main house features 4 bedrooms and 1.5 baths, with new carpet throughout and newer vinyl flooring in the kitchen, laundry, and bathrooms. The detached studio apartment can be used as a rental unit, guest suite, or private space for extended family. Interior features include ceiling fan(s) and an accessory dwelling.
On-site improvements include a 1-car detached garage, a porch, and a fenced yard. The home is framed construction with stucco, roofed with composition shingles. Heating is provided by forced air, floor furnace, and natural gas, with wall unit(s) cooling.
The property sits on a 0.169-acre lot and has a listed size of 1,600 square feet. Water and sewer services are public, and parking is available off-street. The building was constructed in 1901, with gas range and refrigerator included.
On-site improvements include a 1-car detached garage, a porch, and a fenced yard. The home is framed construction with stucco, roofed with composition shingles. Heating is provided by forced air, floor furnace, and natural gas, with wall unit(s) cooling.
The property sits on a 0.169-acre lot and has a listed size of 1,600 square feet. Water and sewer services are public, and parking is available off-street. The building was constructed in 1901, with gas range and refrigerator included.
Key Highlights
- 0.169‑acre lot with a listed 1,600 SF duplex layout
- Main house: 4 bedrooms and 1.5 baths
- Detached studio apartment adds flexible use for guests or rental
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
$11,796
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
8.49%
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%
$235,920
$235.9K
Cap Rate 7%
$168,514
$168.5K
Cap Rate 9%
$131,067
$131.1K
Market Conditions
NOI Build-Up for 1,600 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
$22.3K $13.92/SF
− Vacancy
−$824 −$0.52/SF
EGI
$21.4K $13.40/SF
− OpEx
−$9.7K −$6.03/SF
NOI
$11.8K $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 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%
$235,920
Cap Rate 7%
$168,514
Cap Rate 9%
$131,067
Alternative Uses
Best Use
Multifamily LT 5
$187.1K
$163.7K – $218.3K
NOI $13,097 @ 7.0% cap · market cap 9.42%
Second Best
Apartment 5plus
$168.5K
$147.5K – $196.6K
NOI $11,796 @ 7.0% cap · market cap 8.49%
Theoretical Best
Office A
$333.4K
$291.7K – $389.0K
NOI $23,339 @ 7.0% cap · market cap 16.79%
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
267
Businesses Nearby
Explore this area
Business Placement
Demographics for 81001, CO
31,107
Population
13,651
Households
2.3
Avg Household Size
37
Median Age
21%
College-Educated
88%
High-School Grad
32.0 sq mi
ZIP Area
972
Density / Sq Mi
$47,086
Median Household Income
$35,204
Median Earnings
$1,027
Median Rent
$208,400
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 - Duplex property with a detached studio apartment, R-2 zoning, and a detached one-car garage with off-street parking.
Where is this duplex located?
The property is located at 1802 E 8th St Pueblo, CO.
What is the asking price?
The asking price for this property is $139,000.
What are key features of this property?
This property features: 0.169‑acre lot with a listed 1,600 SF duplex layout; Main house: 4 bedrooms and 1.5 baths; Detached studio apartment adds flexible use for guests or rental
