Renovated House-and-Cottage
New
For Sale
$224,900
207 Spring St, Pueblo, CO 81003
Two leased residences received extensive interior updates, with tenants covering utilities other than water.
Property Size1,298 SF
Price / SF$173.27
Days on Market4
Property Features for 207 Spring St
General Information
Standard status
Active
Size
1,298 SF
Property subtype
Duplex
Site & Location
Neighborhood
Grove
Additional Details
Gross Income
$32,460
Multifamily Units
2
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$894
Building Details
Building Size
1,298 SF
Year Built
1900
Year Renovated
2024
Buildings
2
Tenancy
Multi
Listing Agency:
Buy Smart Colorado
Listed By:
Caleb Skelton · License #FA100077073
(719) 310-8464
Source:
Curtisryanrealestate
Added: Oct 26
Changed: Oct 27
Last Checked: Oct 27 at 4:21AM
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
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Investment Insights
Based on property information with market context.
This duplex pairs a main residence with a separate cottage, totaling 1,298 square feet. Both homes were renovated in 2024, including flooring, paint, and bathroom updates. The building dates to 1900.
Leases are in place for both residences. The owner pays for water; tenants handle the other utilities.
Leases are in place for both residences. The owner pays for water; tenants handle the other utilities.
Key Highlights
- Two residences: a main house and a separate cottage
- 1,298 square feet
- Renovations completed in 2024, including flooring, paint, and bathroom updates
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,625
Cap Rate
4.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$212,500
$212.5K
Cap Rate 7%
$151,786
$151.8K
Cap Rate 9%
$118,056
$118.1K
Market Conditions
NOI Build-Up for 1,298 SF
Gross rent
$15.7K $12.12/SF
− Vacancy
−$554 −$0.43/SF
EGI
$15.2K $11.69/SF
− OpEx
−$4.6K −$3.51/SF
NOI
$10.6K $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 Rate 5%
$212,500
Cap Rate 7%
$151,786
Cap Rate 9%
$118,056
Alternative Uses
Best Use
Multifamily LT 5
$151.8K
$132.8K – $177.1K
NOI $10,625 @ 7.0% cap · market cap 4.72%
Second Best
Apartment 5plus
$136.7K
$119.6K – $159.5K
NOI $9,570 @ 7.0% cap · market cap 4.26%
Theoretical Best
Office A
$270.5K
$236.7K – $315.6K
NOI $18,933 @ 7.0% cap · market cap 8.42%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
916
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two leased residences received extensive interior updates, with tenants covering utilities other than water.
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 $224,900.
What are key features of this property?
This property features: Two residences: a main house and a separate cottage; 1,298 square feet; Renovations completed in 2024, including flooring, paint, and bathroom updates
