Eight-Unit Apartment
For Sale
$890,000
203 - 207 W 14th St, Pueblo, CO 81003
Residential Income, Pueblo, CO
Property Size6,624 SF
Lot Size1.37 Acres
Price / SF$134.36
Days on Market10
Property Features for 203 - 207 W 14th St
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Zoning
B-4
Bedrooms
8
Bathrooms
8
Full bathrooms
8
Rooms
Bathroom 1, Bedroom 7, Bathroom 7, Bedroom 5, Bedroom 3, Bedroom 2, Bathroom 2, Bathroom 3, Bathroom 5, Bathroom 6, Bedroom 8, Bathroom 8, Bathroom 4, Bedroom 4, Bedroom 6, Bedroom 1
Parking features
Offsite
Window features
Vinyl Frames
Patio and Porch features
Porch
Interior features
New Paint
Basement
Partial
Appliances
Garbage Disposal-Some, Refrigerator-All, Gas Range-Some, Electric Range-Some
Subdivision
Northside/Avenues
Lot features
Corner Lot, Lawn- Front, Trees- Front
Elementary school
60
Middle school
60
High school
60
Standard status
Active
APN
0525402007
Size
6,624 SF
Lot size
1.37 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOTS 14 TO 16 BLK 9 COUNTY ADD AKA PARCELS A & B REARRANGEMENT OF PROPERTY BOUNDARIES REC. 3/27/91 BK 2536 PG 863
Tax Annual Amount
8579
Legal Description
LOTS 14 TO 16 BLK 9 COUNTY ADD AKA PARCELS A & B REARRANGEMENT OF PROPERTY BOUNDARIES REC. 3/27/91 BK 2536 PG 863
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Oil
Water source
Public
Amenities
shared laundry facilities
storage shed
Building Details
Year built
1928
Floors in Building
2
Number of units
8
Flooring type
New floor coverings
Building materials
Stucco, Copper Plumbing, Galvanized Plumbing, Plastic Plumbing
Roof type
Rolled Hot Mop
Architectural style
Ranch
Listing Agency:
Keller Williams Advantage
(303) 986-4300
Listed By:
The Top Shelf Team · License #EB00275181
(719) 289-6494
Added: Sep 18
Last Checked: Sep 27 at 2:06PM
MLS# 242349
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 1.366-acre Pueblo property contains two adjoining fourplexes with eight rental units and 6,624 square feet of building area. Constructed in 1928, the buildings feature ranch-style architecture, porches, public water and sewer, and a mix of updated interior finishes, including new paint and floor coverings. Shared laundry facilities serve residents of both buildings, while a rear storage shed provides additional on-site utility. Several units have housed long-term tenants for more than 10 years, and most leases are currently month-to-month.
Located at 203–207 W. 14th St., the property is near Mineral Palace Park, UCHealth Parkview Medical Center, downtown Pueblo, shopping, dining, and I-25 access. Parking is available behind the buildings, with additional street parking along the frontage. The B-4 zoning designation and prior combination of residential and commercial use may support additional possibilities subject to current zoning requirements and City approval.
Located at 203–207 W. 14th St., the property is near Mineral Palace Park, UCHealth Parkview Medical Center, downtown Pueblo, shopping, dining, and I-25 access. Parking is available behind the buildings, with additional street parking along the frontage. The B-4 zoning designation and prior combination of residential and commercial use may support additional possibilities subject to current zoning requirements and City approval.
Key Highlights
- Two adjoining fourplexes provide 8 rental units
- 6,624 square feet on a 1.366‑acre parcel
- Constructed in 1928 with ranch‑style architecture
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
$48,837
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
5.49%
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%
$976,740
$976.7K
Cap Rate 7%
$697,671
$697.7K
Cap Rate 9%
$542,633
$542.6K
Market Conditions
NOI Build-Up for 6,624 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
$92.2K $13.92/SF
− Vacancy
−$3.4K −$0.52/SF
EGI
$88.8K $13.40/SF
− OpEx
−$40.0K −$6.03/SF
NOI
$48.8K $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%
$976,740
Cap Rate 7%
$697,671
Cap Rate 9%
$542,633
Alternative Uses
Best Use
Apartment 5plus
$697.7K
$610.5K – $814.0K
NOI $48,837 @ 7.0% cap · market cap 5.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.38M
$1.21M – $1.61M
NOI $96,622 @ 7.0% cap · market cap 10.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
8
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,566
Businesses Nearby
Explore this area
Business Placement
Demographics for 81003, CO
15,169
Population
6,233
Households
2.4
Avg Household Size
38
Median Age
18%
College-Educated
80%
High-School Grad
12.2 sq mi
ZIP Area
1,243
Density / Sq Mi
$43,750
Median Household Income
$33,941
Median Earnings
$847
Median Rent
$178,600
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?
Apartment building - Two adjoining residential buildings provide established tenancy, shared laundry, and parking behind the property.
Where is this apartment building located?
The property is located at 203 - 207 W 14th St Pueblo, CO.
What is the asking price?
The asking price for this property is $890,000.
What are key features of this property?
This property features: Two adjoining fourplexes provide 8 rental units; 6,624 square feet on a 1.366‑acre parcel; Constructed in 1928 with ranch‑style architecture
