Remodeled Triplex with Private
For Sale
Under Contract
$500,000
1835-1839 E 4th St, Pueblo, CO 81001
Residential Income, Pueblo, CO
Property Size2,708 SF
Lot Size0.20 Acres
Price / SF$184.64
Days on Market69
Property Features for 1835-1839 E 4th St
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
B-4
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Bathroom 4, Bedroom 6, Bedroom 3, Bedroom 8, Bathroom 1, Bathroom 2, Bedroom 5, Bedroom 2, Bedroom 1, Bedroom 4, Bedroom 7
Parking features
None
Window features
Double Pane Windows, Vinyl Frames
Interior features
New Paint, Ceiling Fan(s), Walk-In Closet(s), Walk-in Shower
Exterior features
Outdoor Lighting-Rear, Outdoor Lighting-Front
Fencing
Fenced, Wood
Fireplace
1
Basement
Crawl Space, Unfinished, Partial
Appliances
Garbage Disposal-All
Subdivision
Eastside
Lot features
Corner Lot, Trees- Front
Elementary school
60
Middle school
60
High school
60
Standard status
Active Under Contract
APN
432108018
Size
2,708 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
LOTS 39 + 40 BLK 244 EAST PUEBLO HEIGHTS SUB 2ND
Tax Annual Amount
1010
Legal Description
LOTS 39 + 40 BLK 244 EAST PUEBLO HEIGHTS SUB 2ND
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Baseboard
Water source
Public
Amenities
fenced outdoor space
Building Details
Year built
1922
Floors in Building
2
Number of units
3
Flooring type
Tile, New floor coverings
Building materials
Frame, Stucco, Plastic Plumbing
Roof type
Composition
Architectural style
Ranch
Listing Agency:
HomeSmart Preferred Realty · HomeSmart International
(719) 582-1046
Listed By:
Caroline Bourgeault · License #FA100091514
(719) 888-0180
Added: Jul 8
Changed: Sep 12
Last Checked: Sep 14 at 2:06AM
MLS# 239033
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 remodeled triplex spans two buildings on a corner lot and contains 2,708 square feet. The unit mix includes two main-level three-bedroom residences and one upper-level two-bedroom residence, totaling 8 bedrooms and 4 bathrooms. Each unit has its own entrance, updated flooring, fresh paint, modern kitchens, and open living and dining areas. Improvements also include updated electrical and plumbing, separate electric meters, fenced outdoor space, and public water and sewer service.
Two residences are leased under 12-month terms, while the remaining unit is vacant for occupancy or leasing. The property is located in Pueblo, Colorado, and carries B-4 zoning. Built in 1922, the frame-and-stucco improvements feature electric baseboard heat, a composition roof, and a ranch-style design.
Two residences are leased under 12-month terms, while the remaining unit is vacant for occupancy or leasing. The property is located in Pueblo, Colorado, and carries B-4 zoning. Built in 1922, the frame-and-stucco improvements feature electric baseboard heat, a composition roof, and a ranch-style design.
Key Highlights
- Two‑building triplex on a 0.2‑acre corner lot
- 2,708 square feet with 8 bedrooms and 4 bathrooms
- Unit mix includes two 3‑bedroom units and one 2‑bedroom unit
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
$22,166
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
4.43%
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%
$443,320
$443.3K
Cap Rate 7%
$316,657
$316.7K
Cap Rate 9%
$246,289
$246.3K
Market Conditions
NOI Build-Up for 2,708 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
$32.8K $12.12/SF
− Vacancy
−$1.2K −$0.43/SF
EGI
$31.7K $11.69/SF
− OpEx
−$9.5K −$3.51/SF
NOI
$22.2K $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%
$443,320
Cap Rate 7%
$316,657
Cap Rate 9%
$246,289
Alternative Uses
Best Use
Multifamily LT 5
$316.7K
$277.1K – $369.4K
NOI $22,166 @ 7.0% cap · market cap 4.43%
Second Best
Apartment 5plus
$285.2K
$249.6K – $332.8K
NOI $19,965 @ 7.0% cap · market cap 3.99%
Theoretical Best
Office A
$564.3K
$493.8K – $658.4K
NOI $39,501 @ 7.0% cap · market cap 7.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
228
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Triplex - Two-building income property with updated interiors, flexible occupancy options, and separate electric metering for each unit.
Where is this triplex located?
The property is located at 1835-1839 E 4th St Pueblo, CO.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Two‑building triplex on a 0.2‑acre corner lot; 2,708 square feet with 8 bedrooms and 4 bathrooms; Unit mix includes two 3‑bedroom units and one 2‑bedroom unit
