Four-Unit Multifamily
New
For Sale
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2006 E SEVENTH ST, Pueblo, CO 81001
Multifamily building with a varied one- and two-bedroom unit mix in an established residential setting.
Property Size2,166 SF
Price / SF$147.74
Days on Market7
Property Features for 2006 E SEVENTH ST
General Information
Standard status
Active
Size
2,166 SF
Class
C
Property subtype
Multifamily
Zoning
R-2
Occupancy
100%
Building Details
Year Built
1952
Buildings
1
Stories
1
Units
4
Tenancy
Multi
Listing Agency:
Keller Williams Performance Realty
Listed By:
Stephen Henson, CCIM · License #CO FA100036809
(719) 251-7055
Source:
Crexi
Added: Aug 27
Changed: Aug 31
Last Checked: Sep 1 at 6:05PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Performance Realty
Investment Insights
Based on property information with market context.
This R-2 multifamily property contains four residential units within approximately 2,166 square feet of living area. The configuration includes three one-bedroom, one-bath residences and one two-bedroom, one-bath residence, offering a compact mix of floor plans within a single asset. The building was constructed in 1952.
Positioned on Pueblo’s East Side, the property is near shopping, schools, and major roadways. Its four-unit format and range of bedroom counts support use as a small-scale residential income property, subject to applicable zoning and property requirements.
Positioned on Pueblo’s East Side, the property is near shopping, schools, and major roadways. Its four-unit format and range of bedroom counts support use as a small-scale residential income property, subject to applicable zoning and property requirements.
Key Highlights
- Four‑unit multifamily property with approximately 2,166 square feet of living space
- Unit mix includes three 1‑bedroom, 1‑bath units and one 2‑bedroom, 1‑bath unit
- R‑2 zoning
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
$17,729
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
5.54%
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%
$354,580
$354.6K
Cap Rate 7%
$253,271
$253.3K
Cap Rate 9%
$196,989
$197.0K
Market Conditions
NOI Build-Up for 2,166 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
$26.3K $12.12/SF
− Vacancy
−$924 −$0.43/SF
EGI
$25.3K $11.69/SF
− OpEx
−$7.6K −$3.51/SF
NOI
$17.7K $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%
$354,580
Cap Rate 7%
$253,271
Cap Rate 9%
$196,989
Alternative Uses
Best Use
Multifamily LT 5
$253.3K
$221.6K – $295.5K
NOI $17,729 @ 7.0% cap · market cap 5.54%
Second Best
Apartment 5plus
$228.1K
$199.6K – $266.2K
NOI $15,969 @ 7.0% cap · market cap 4.99%
Theoretical Best
Office A
$451.4K
$394.9K – $526.6K
NOI $31,595 @ 7.0% cap · market cap 9.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
169
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?
Quadplex - Multifamily building with a varied one- and two-bedroom unit mix in an established residential setting.
Where is this quadplex located?
The property is located at 2006 E SEVENTH ST Pueblo, CO.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: Four‑unit multifamily property with approximately 2,166 square feet of living space; Unit mix includes three 1‑bedroom, 1‑bath units and one 2‑bedroom, 1‑bath unit; R‑2 zoning
