Four-Unit Brick
New
For Sale
$258,000
208 N Bradford Ave, Pueblo, CO 81003
Residential Income, Pueblo, CO
Property Size2,950 SF
Lot Size0.09 Acres
Price / SF$87.46
Days on Market3
Property Features for 208 N Bradford Ave
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
R-5
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 1, Bathroom 2, Bedroom 4, Bedroom 2, Bathroom 3, Bedroom 3, Bathroom 1
Parking features
On Street
Window features
Wood Frames, Vinyl Frames, Window Coverings
Patio and Porch features
Porch
Interior features
Ceiling Fan(s), Walk-in Shower
Fireplace
1
Basement
Full, Walk-Out Access, Finished
Appliances
Garbage Disposal-Some, Refrigerator-Some, Gas Range-All, Microwave Built-In-Some
Subdivision
Union Historical
Lot features
Rock- Front
Elementary school
Pueblo City Schools
Middle school
Pueblo City Schools
High school
Pueblo City Schools
Standard status
Active
APN
0431225007
Size
2,950 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
N 31 FT OF W 130 FT OF S 1/2 BLK 4 PUEBLO
Tax Annual Amount
1196
Legal Description
N 31 FT OF W 130 FT OF S 1/2 BLK 4 PUEBLO
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Water source
Public
Amenities
laundry facilities
Building Details
Year built
1903
Floors in Building
3
Number of units
4
Flooring type
New floor coverings
Building materials
Brick, Copper Plumbing
Roof type
Composition
Listing Agency:
Rocky Mountain Realty
(719) 569-7276
Listed By:
Kristen Moritz
(719) 406-1637
Added: Sep 25
Last Checked: Sep 27 at 1:06PM
MLS# 242465
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 1903 brick quadplex contains 2,950 square feet on a 0.09-acre lot. The property has a covered front porch, a walk-out basement with a private tenant entrance, and second-floor laundry with a washer and dryer. A 2024 attic unit and vinyl windows in all units except the main-floor unit add to the building’s existing features. Updates include a 98-gallon water heater installed in 2023, gutters added in January 2022, a roof replaced in September 2021, and a furnace installed in November 2019. Some units have refrigerators, built-in microwaves, and garbage disposals; all have gas ranges. The property is served by public water and sewer and has R-5 zoning.
Located within walking distance of downtown Pueblo, the property has off-street parking behind the building and additional street parking. All tenants are currently on month-to-month leases.
Located within walking distance of downtown Pueblo, the property has off-street parking behind the building and additional street parking. All tenants are currently on month-to-month leases.
Key Highlights
- Fourplex with 2,950 square feet on a 0.09‑acre lot
- R‑5 zoning
- Attic unit completed in 2024; 98‑gallon water heater installed in 2023
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
$21,750
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
8.43%
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%
$435,000
$435.0K
Cap Rate 7%
$310,714
$310.7K
Cap Rate 9%
$241,667
$241.7K
Market Conditions
NOI Build-Up for 2,950 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
$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 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%
$435,000
Cap Rate 7%
$310,714
Cap Rate 9%
$241,667
Alternative Uses
Best Use
Multifamily LT 5
$345.0K
$301.8K – $402.5K
NOI $24,147 @ 7.0% cap · market cap 9.36%
Second Best
Apartment 5plus
$310.7K
$271.9K – $362.5K
NOI $21,750 @ 7.0% cap · market cap 8.43%
Theoretical Best
Office A
$614.7K
$537.9K – $717.2K
NOI $43,031 @ 7.0% cap · market cap 16.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,631
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
Check the figures for this property
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?
Quadplex - All current tenants hold month-to-month leases, offering flexibility in the existing tenancy.
Where is this quadplex 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: Fourplex with 2,950 square feet on a 0.09‑acre lot; R‑5 zoning; Attic unit completed in 2024; 98‑gallon water heater installed in 2023
