Building Details

Year Built 1903

Listing Agency: Rocky Mountain Realty

Listed By: Kristen Moritz Show Phone

Source: 719coloradohome

Added: Sep 15 Changed: Oct 7 Last Checked: Oct 14 at 11:19PM

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Investment Insights

Based on property information with market context.

Built in 1903, this 2,950-square-foot multifamily property features original architectural details, a covered front porch, and a walk-out basement with a separate entrance. An attic unit was completed in 2024, and second-floor laundry includes a washer and dryer. All units except the main-floor unit have vinyl windows installed in 2022.

Building improvements include a roof replacement in September 2021, new gutters in January 2022, a 98-gallon water heater installed in 2023, and a furnace installed in November 2019. Parking is available behind the building and on the street. Downtown Pueblo is within walking distance. Current tenants are on month-to-month leases.

Key Highlights

• 2,950‑square‑foot multifamily property built in 1903
• Attic unit completed in 2024
• Walk‑out basement has a separate entrance for the basement tenant

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$21,750

Cap Rate

8.43%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$435,000 $435.0K

Cap Rate 7%

$310,714 $310.7K

Cap Rate 9%

$241,667 $241.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,950 SF

Gross rent

$41.1K $13.92/SF

− Vacancy

−$1.5K −$0.52/SF

EGI

$39.5K $13.40/SF

− OpEx

−$17.8K −$6.03/SF

NOI

$21.7K $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 Rate 5%

$435,000

Cap Rate 7%

$310,714

Cap Rate 9%

$241,667

Alternative Uses

Best Use

Apartment 5plus

$310.7K

$271.9K – $362.5K (±1% cap)

NOI $21,750 @ 7.0% cap · market cap 8.43%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$614.7K

$537.9K – $717.2K (±1% cap)

NOI $43,031 @ 7.0% cap · market cap 16.68%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Multifamily properties

Suggested Use

Top Pick Daycare Center Catering Service (Bike/Boat/Book/etc) Store Butcher Home Appliance Store Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,817

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

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

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Frequently Asked Questions

What type of property is this?

Multifamily property - The property combines period architectural details with an attic unit and second-floor laundry facilities.

Where is this multifamily property located?

The property is located at 208 N Bradford Ave Pueblo, CO.

What is the asking price?

The asking price for this property is $258,000.

What are key features of this property?

This property features: 2,950‑square‑foot multifamily property built in 1903; Attic unit completed in 2024; Walk‑out basement has a separate entrance for the basement tenant