Updated Victorian Three-Unit
For Sale
$379,900
1820 St Clair Ave, Pueblo, CO 81004
Residential Income, Pueblo, CO
Property Size2,474 SF
Lot Size0.16 Acres
Price / SF$153.56
Days on Market51
Property Features for 1820 St Clair Ave
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
R-3
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bathroom 3, Bathroom 1, Bedroom 5, Bedroom 2, Bedroom 1, Bedroom 3, Bedroom 4
Parking
3
Parking features
On Street, Covered, Carport
Window features
Single Pane Window(s), Wood Frames
Patio and Porch features
Porch
Interior features
Vaulted Ceiling(s)
Fencing
Wood
Basement
Partial
Appliances
Dishwasher-All, Refrigerator-All, Gas Range-All, Microwave Built-In-Some
Subdivision
Central High School
Lot features
Rock- Front
Elementary school
60
Middle school
60
High school
60
Standard status
Active
APN
1502107020
Size
2,474 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
W 19 FT LOT 39 ALL 40 + E 10 FT OF 41 BLK 7 MESA SUB
Tax Annual Amount
1035
Legal Description
W 19 FT LOT 39 ALL 40 + E 10 FT OF 41 BLK 7 MESA SUB
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
central air
shared laundry
Building Details
Year built
1903
Floors in Building
2
Number of units
3
Building materials
Frame, Brick, Copper Plumbing, Galvanized Plumbing, Plastic Plumbing
Roof type
Metal
Listing Agency:
RE/MAX Associates · RE/MAX International
(719) 583-8383
Listed By:
Renee Hassebroek · License #100068116
(719) 582-6644
Added: Jul 14
Changed: Aug 24
Last Checked: Sep 2 at 9:06AM
MLS# 239003
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 1903 Victorian triplex contains 2,474 square feet across three separately entered units. Two apartments offer two bedrooms and one bathroom each, while the third is a one-bedroom, one-bath studio. The two larger units were fully renovated one year ago, and the studio received partial renovation. Central air serves every unit, with forced-air natural gas heat, select kitchen appliances, and a shared laundry area in the basement. Two of the three units are currently rented.
The property occupies 0.155 acres in Pueblo and is directly opposite Bruner Park, with the Riverwalk also identified as a nearby area feature. Parking includes three covered carport spaces, additional on-street availability, a front porch, wood fencing, public water, public sewer, and a metal roof. The property carries R-3 zoning.
The property occupies 0.155 acres in Pueblo and is directly opposite Bruner Park, with the Riverwalk also identified as a nearby area feature. Parking includes three covered carport spaces, additional on-street availability, a front porch, wood fencing, public water, public sewer, and a metal roof. The property carries R-3 zoning.
Key Highlights
- 2,474‑square‑foot triplex with three residential units
- Two 2‑bedroom/1‑bath units and one 1‑bedroom/1‑bath studio
- Two of three units 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
$20,251
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
5.33%
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%
$405,020
$405.0K
Cap Rate 7%
$289,300
$289.3K
Cap Rate 9%
$225,011
$225.0K
Market Conditions
NOI Build-Up for 2,474 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
$30.0K $12.12/SF
− Vacancy
−$1.1K −$0.43/SF
EGI
$28.9K $11.69/SF
− OpEx
−$8.7K −$3.51/SF
NOI
$20.3K $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%
$405,020
Cap Rate 7%
$289,300
Cap Rate 9%
$225,011
Alternative Uses
Best Use
Multifamily LT 5
$289.3K
$253.1K – $337.5K
NOI $20,251 @ 7.0% cap · market cap 5.33%
Second Best
Apartment 5plus
$260.6K
$228.0K – $304.0K
NOI $18,240 @ 7.0% cap · market cap 4.80%
Theoretical Best
Office A
$515.5K
$451.1K – $601.5K
NOI $36,087 @ 7.0% cap · market cap 9.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
66.7%
Occupancy
Location Intelligence
Trade Area within ½ mile
537
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?
Triplex - Three residential units provide separate entrances, central air, and shared basement laundry facilities.
Where is this triplex located?
The property is located at 1820 St Clair Ave Pueblo, CO.
What is the asking price?
The asking price for this property is $379,900.
What are key features of this property?
This property features: 2,474‑square‑foot triplex with three residential units; Two 2‑bedroom/1‑bath units and one 1‑bedroom/1‑bath studio; Two of three units are currently rented
