Back to Search

Pueblo Multifamily Investment Opportunity

2026 Carlee Drive, Pueblo, CO 81005

View on Map

For Sale

$5,500,000

60-unit apartment complex with upgrades and assumable loan in Pueblo, CO.

Type:Multifamily

Property size:

45,866 SF

Price / SF:

$119/SF

HighLights

Assumable loan at 3.4% for 6.5 years with interest‑only payments until October 1, 2025, loan amount $2,500,000.
Significant upgrades including new windows, security system/cameras, roofs, landscaping, and community areas.
High percentage (80%+) of units upgraded under current ownership since July 2015.
Located on a large 3.8‑acre lot backing up to Briarwood Park.
Community amenities include a basketball court, outdoor grill stations, pergolas, and a playground.
Includes an on‑site manager house and workshop.

We can help!

Listing Contact

Chris Knowlton

For Sale

$5,500,000

60-unit apartment complex with upgrades and assumable loan in Pueblo, CO.

Type:Multifamily

Property size:

45,866 SF

Price / SF:

$119/SF

Added:: Nov 21, 2025
Days on Market:: 195
Last Refresh:: May 19 at 8:06 pm

Property Features for 2026 Carlee Drive

General Information

Standard status: Active
Size: 45,866 SF
Property subtype: Multifamily

Building Details

Year Built: 1978

We can help!

Listing Contact

Chris Knowlton

Listing agent Chris Knowlton License #FA100032419

Listing office Pinnacle Real Estate Advisors

Listing date Nov 21, 2025

Source Pinnaclerea

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 Pinnacle Real Estate Advisors

HighLights

Assumable loan at 3.4% for 6.5 years with interest‑only payments until October 1, 2025, loan amount $2,500,000.
Significant upgrades including new windows, security system/cameras, roofs, landscaping, and community areas.
High percentage (80%+) of units upgraded under current ownership since July 2015.
Located on a large 3.8‑acre lot backing up to Briarwood Park.
Community amenities include a basketball court, outdoor grill stations, pergolas, and a playground.
Includes an on‑site manager house and workshop.

Overview

Briarwood Apartments, constructed in 1978, features 60 units, with 30 one-bedroom, one-bathroom units and 30 two-bedroom, one-bathroom units, plus an on-site manager house and workshop. Situated on a 3.8-acre lot adjacent to Briarwood Park in Pueblo, CO, the community provides amenities such as a basketball court, outdoor grill stations with pergolas, and a playground. Substantial upgrades have been implemented, including new windows, a security system with cameras, and renovations to over 80% of the units since July 2015. Outdoor community areas have also been upgraded. The property benefits from an assumable loan at 3.4% for another 6.5 years, with interest-only payments until October 1, 2025. The loan amount is $2,500,000. Additional improvements include a new northside fence, a new gate for the trash enclosure, a new irrigation and drip system, new landscaping, pergolas with BBQ grills and new concrete pads, and outdoor seating. The rear building was renovated for a living unit, and a new two-car workshop/garage was built, featuring stucco to match the apartment building, along with upgraded electrical systems. Further enhancements include new storefront glass for stacks, new signage, new roofs and mansards, new rear slider doors, refurbished Juliet decks, new domestic holding tank(s), new hot water heater(s), new back flow(s), installed security system and cameras, new Post Office boxes, new gutters and seal coated parking lot with new parking blocks. The location provides convenient access to Pueblo Mall, eateries, and boutiques along Northern Avenue, Runyon Lake walking trails, and Mineral Palace Park.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$638.5k	$13.92
− Vacancy	−$23.6k	−$0.52
EGI	$614.8k	$13.40
− OpEx	−$276.7k	−$6.03
NOI	$338.2k	$7.37

45,866 SF · lease $13.92/SF/yr · vacancy 3.70% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$4.83M

$4.23M – $5.64M (±1% cap)

NOI $338,158 @ 7.0% cap · market cap 6.15%

Second Best

—

no second resolved use

Theoretical Best

Office A

$9.56M

$8.36M – $11.15M (±1% cap)

NOI $669,030 @ 7.0% cap · market cap 12.16%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

Map
Local Demand

City: Pueblo
County: Pueblo
State: Colorado
Longitude: -104.649
Latitude: 38.2311

Nearby Similar for Sale

$599,900

5,745 SF

Pueblo Commercial Property For Sale

Mixed-use commercial property with retail and office spaces available.

411 S Pueblo Blvd, Pueblo, CO 81005

View Details
$499,000

4,032 SF

Versatile Office Building in Pueblo

Turnkey office building with income potential and flexible space.

2410 N Grand Ave, Pueblo, CO 81003

View Details
$695,000

5,260 SF

Multi-Tenant Office Building For Sale

Well-maintained office building with highway access and tenant occupancy.

1805 Fortino, Pueblo, CO 81008

View Details
$2,950,000

10,800 SF

Truck Terminal with Drive-Through Bays

Newly completed trucking facility designed for fast flow, featuring drive-through bays and high-volume loading capacity.

20 Monarch Ln, Pueblo, CO 81004

View Details
$889,000

5,160 SF

Downtown Commercial Property For Sale

Prime commercial property in Historic Downtown Pueblo with high visibility.

127 N Santa Fe Ave, Pueblo, CO 81003

View Details
$750,000

5,152 SF

Historic Multi-Level Downtown Commercial Building

A three-level, mezzanine-ready retail facility with prominent storefront windows on a high-visibility downtown corridor.

311 N Santa Fe Ave, Pueblo, CO 81003

View Details
$1,250,000

8,627 SF

Pueblo Commercial Investment Opportunity

Prime commercial property in downtown Pueblo with long-term NNN lease.

1414 W 4th St, Pueblo, CO 81004

View Details
$2,350,000

23,534 SF

Pueblo Commercial Opportunity For Sale

23,534 SF building on 2.6 acres in Pueblo, Colorado.

4106 Outlook Blvd, Pueblo, CO 81008

View Details
$289,000

8,195 SF

Turn-Key Bar and Restaurant

For sale Pueblo bar and restaurant with a fully equipped kitchen and ready-to-operate dining room setup.

422-424 W Northern Ave, Pueblo, CO 81004

View Details
$490,000

2,499 SF

Unique Commercial Buildings in Pueblo

Two commercial buildings in historic downtown Pueblo near Riverwalk.

825 N Greenwood St, Pueblo, CO 81003

View Details
$3,800,000

24,515 SF

Multi-Tenant Commercial Complex For Sale

Stabilized, income-producing commercial complex in a desirable location.

4104 Outlook Blvd, Pueblo, CO 81008

View Details
$239,900

2,928 SF

Restaurant Building with Commercial Kitchen

Former Italian restaurant offering multiple dining areas, a full commercial kitchen, bar setup, and included restaurant equipment inventory.

1143 E Abriendo Ave, Pueblo, CO 81004

View Details

For sale
Apartment buildings
CO
Pueblo
81005
2026 Carlee Drive

What type of property is this?

Apartment building - 60-unit apartment complex with upgrades and assumable loan in Pueblo, CO.

Where is this apartment building located?

The property is located at 2026 Carlee Drive Pueblo, CO.

What is the asking price?

The asking price for this property is $5,500,000.

What are key features of this property?

This property features: Assumable loan at 3.4% for 6.5 years with interest‑only payments until October 1, 2025, loan amount $2,500,000.; Significant upgrades including new windows, security system/cameras, roofs, landscaping, and community areas.; High percentage (80%+) of units upgraded under current ownership since July 2015.