Residential Income Duplex with
For Sale
$249,900
207 Spring St, Pueblo, CO 81003
MULTI_FAMILY - Ranch - Pueblo, CO
Property Size1,298 SF
Lot Size0.15 Acres
Price / SF$192.53
Days on Market43
Property Features for 207 Spring St
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Zoning
R-4
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 4, Bathroom 2, Bedroom 1, Bedroom 3, Bedroom 2
Parking
1
Parking features
Garage - Detached
Window features
Vinyl Frames
Exterior features
Accessory Dwelling
Basement
Unfinished, Partial
Appliances
Refrigerator-All
Subdivision
Union Historical
Elementary school
60
Middle school
60
High school
60
Standard status
Active
APN
0536404012
Size
1,298 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 19 + N 23 FT OF 20 BLK 109 SOUTH PUEBLO
Tax Annual Amount
894
Legal Description
LOT 19 + N 23 FT OF 20 BLK 109 SOUTH PUEBLO
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Baseboard
Water source
Public
Building Details
Year built
1900
Number of units
2
Flooring type
New floor coverings
Building materials
Frame, Stucco
Roof type
Composition
Architectural style
Ranch
Listing Agency:
Buy Smart Colorado
(719) 310-8464
Listed By:
Caleb Skelton
(719) 216-4057
Added: Jun 18
Changed: Jul 12
Last Checked: Jul 30 at 10:06PM
MLS# 240610
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 ranch-style residential income property is configured as a main house plus a cottage, providing two separate units. Both units were fully remodeled in 2024, with updated flooring, fresh paint, and modernized bathrooms, along with numerous additional improvements. The property sits on a 0.15-acre lot and totals 1,298 square feet of residential space.
The address is 207 Spring St in Pueblo, Colorado 81003, and the property is zoned R-4. Existing long-term leases are in place for both units. Reported rental income is $2,705 per month, totaling over $32,000 annually.
For tenants or operators seeking a small residential income setup, the house-and-cottage layout supports separate occupancy within one property. The current lease structure and remodeled condition from 2024 are practical considerations for day-to-day management, and the utilities arrangement is clearly established with the landlord paying water while tenants are responsible for their remaining utilities.
The address is 207 Spring St in Pueblo, Colorado 81003, and the property is zoned R-4. Existing long-term leases are in place for both units. Reported rental income is $2,705 per month, totaling over $32,000 annually.
For tenants or operators seeking a small residential income setup, the house-and-cottage layout supports separate occupancy within one property. The current lease structure and remodeled condition from 2024 are practical considerations for day-to-day management, and the utilities arrangement is clearly established with the landlord paying water while tenants are responsible for their remaining utilities.
Key Highlights
- House‑and‑cottage property with long‑term tenants in both units
- Renovations completed in 2024, including new floor coverings and fresh paint
- Updated bathrooms in both the main house and cottage
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Turnkey business
Opportunity
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Remodeled two-unit ranch-style property with long-term leases and landlord-paid water for simplified tenant utility responsibilities.
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: House‑and‑cottage property with long‑term tenants in both units; Renovations completed in 2024, including new floor coverings and fresh paint; Updated bathrooms in both the main house and cottage
