Remodeled Duplex with Long-Term
207 Spring St Pueblo, CO 81003
For Sale
$249,900
Two fully renovated units feature updated interiors and long-term leases with established rental income.
Property Size1,298 SF
Price / SF$192.53
Days on Market36
Property Features for 207 Spring St
General Information
- Standard status
- Active
- Size
- 1,298 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1900
Listing Agency:
Buy Smart Colorado
(719) 216-4057
Listed By:
Caleb Skelton · License #FA100077073
(719) 216-4057
Source:
Exitrealty
Added: Jun 19
Changed: Jul 23
Last Checked: Jul 24 at 7:57AM
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 Buy Smart Colorado
Investment Insights
Based on property information with market context.
This duplex offers a main house and an additional cottage, both fully remodeled in 2024. Updates include new flooring, fresh paint, modernized bathrooms, and numerous other improvements throughout. Both units are currently occupied by long-term tenants under lease, supporting established rental income.
Rental income is currently $2,705 per month, or over $32,000 annually. The landlord pays for water, while tenants are responsible for their remaining utilities.
As a house-and-cottage configuration within a duplex structure, the property is set up to provide ongoing income from two separate, leased living spaces.
Rental income is currently $2,705 per month, or over $32,000 annually. The landlord pays for water, while tenants are responsible for their remaining utilities.
As a house-and-cottage configuration within a duplex structure, the property is set up to provide ongoing income from two separate, leased living spaces.
Key Highlights
- Fully renovated main house and cottage with updated flooring, fresh paint, and modernized bathrooms
- Long‑term tenants in both units with leases in place
- Rental income is $2,705/month, totaling over $32,000 annually
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $15.7k | $12.12 |
| − Vacancy | −$554 | −$0.43 |
| EGI | $15.2k | $11.69 |
| − OpEx | −$4.6k | −$3.51 |
| NOI | $10.6k | $8.19 |
1,298 SF · lease $12.12/SF/yr · vacancy 3.52% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$151.8K
$132.8K – $177.1K
NOI $10,625 @ 7.0% cap · market cap 4.25%
Second Best
Apartment 5plus
$136.7K
$119.6K – $159.5K
NOI $9,570 @ 7.0% cap · market cap 3.83%
Theoretical Best
Office A
$270.5K
$236.7K – $315.6K
NOI $18,933 @ 7.0% cap · market cap 7.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two fully renovated units feature updated interiors and long-term leases with established rental income.
Where is this duplex located?
The property is located at 207 Spring St Pueblo, CO.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Fully renovated main house and cottage with updated flooring, fresh paint, and modernized bathrooms; Long‑term tenants in both units with leases in place; Rental income is $2,705/month, totaling over $32,000 annually
