Two Quadplexes with On-Site
2107 & 2109 Norman Lane, Pueblo, CO 81005
For Sale
New
$750,000
Residential Income, Pueblo, CO
Property Size5,869 SF
Lot Size0.29 Acres
Price / SF$127.79
Days on Market1
Property Features for 2107 & 2109 Norman Lane
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Window features
Patio and Porch features
Interior features
Fencing
Appliances
Subdivision
Lot features
Elementary school
Middle school
High school
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Water source
Amenities
on-site laundry
mailbox cluster
Building Details
Year built
Floors in Building
Number of units
Building materials
Roof type
Buildings
Listing Agency:
RE/MAX Associates · RE/MAX International
(719) 583-8383
Listed By:
Brett Housman · License CO #100040768
(719) 553-7790
Added: Nov 9
Last Checked: Nov 9 at 7:06PM
MLS# 243151
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.
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Investment Insights
Based on property information with market context.
The offering comprises two separate quadplex properties with eight apartments in total. Each unit includes one bedroom, one full bathroom, a kitchen, and a distinct living room. The combined property size is listed as 5,869 square feet, with a 0.29-acre lot. All eight apartments have new mini-split systems, and the exteriors have recently received fresh paint. Additional features include shared parking, a porch, rock landscaping, an on-site trash area, and a central mailbox cluster.
The units are fully occupied under month-to-month agreements. The properties are in Pueblo, Colorado, and are zoned R-4. Public water and sewer serve the properties.
The units are fully occupied under month-to-month agreements. The properties are in Pueblo, Colorado, and are zoned R-4. Public water and sewer serve the properties.
Key Highlights
- Two separate quadplex properties provide 8 apartments
- Each apartment has 1 bedroom, 1 full bathroom, a kitchen, and a separate living room
- All 8 units have new mini‑split systems
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,040
Cap Rate
6.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$960,800
$960.8K
Cap Rate 7%
$686,286
$686.3K
Cap Rate 9%
$533,778
$533.8K
Market Conditions
NOI Build-Up for 5,869 SF
Gross rent
$71.1K $12.12/SF
− Vacancy
−$2.5K −$0.43/SF
EGI
$68.6K $11.69/SF
− OpEx
−$20.6K −$3.51/SF
NOI
$48.0K $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%
$960,800
Cap Rate 7%
$686,286
Cap Rate 9%
$533,778
Alternative Uses
Best Use
Multifamily LT 5
$686.3K
$600.5K – $800.7K
NOI $48,040 @ 7.0% cap · market cap 6.41%
Second Best
Apartment 5plus
$618.2K
$540.9K – $721.2K
NOI $43,271 @ 7.0% cap · market cap 5.77%
Theoretical Best
Office A
$1.22M
$1.07M – $1.43M
NOI $85,609 @ 7.0% cap · market cap 11.41%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
8
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
405
Businesses Nearby
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Business Placement
Demographics for 81005, CO
31,327
Population
13,578
Households
2.3
Avg Household Size
44
Median Age
26%
College-Educated
93%
High-School Grad
198.7 sq mi
ZIP Area
158
Density / Sq Mi
$67,500
Median Household Income
$45,198
Median Earnings
$990
Median Rent
$282,100
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Pueblo, CO
Properties on Market for Quadplexes in Pueblo
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Eight occupied apartments have individual kitchens and living rooms, plus shared parking and laundry facilities.
Where is this quadplex located?
The property is located at 2107 & 2109 Norman Lane Pueblo, CO.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Two separate quadplex properties provide 8 apartments; Each apartment has 1 bedroom, 1 full bathroom, a kitchen, and a separate living room; All 8 units have new mini‑split systems
