Four-Unit Residential Property with
2118 Norman Lane, Pueblo, CO 81005
For Sale
New
$450,000
Residential Income, Pueblo, CO
Property Size3,840 SF
Lot Size0.15 Acres
Price / SF$117.19
Days on Market1
Property Features for 2118 Norman Lane
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Window 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
in unit laundry
fenced private backyard
Building Details
Year built
Floors in Building
Number of units
Building materials
Roof type
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# 243153
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.
Built in 1983, this R-4-zoned quadplex contains 3,840 square feet across four units on a 0.15-acre parcel. Each residence has two bedrooms, one bathroom, in-unit laundry and storage. The property also features a fenced backyard and recent exterior painting.
Residents have dishwashers, refrigerators and electric ranges. The building has frame, brick veneer and stucco construction, natural gas baseboard heat, a composition roof, and public water and sewer service. All four units are currently occupied on month-to-month agreements.
Residents have dishwashers, refrigerators and electric ranges. The building has frame, brick veneer and stucco construction, natural gas baseboard heat, a composition roof, and public water and sewer service. All four units are currently occupied on month-to-month agreements.
Key Highlights
- Four units, each with 2 bedrooms, 1 bathroom and in‑unit laundry
- 3,840‑square‑foot property on 0.15 acres
- All units occupied under month‑to‑month lease agreements
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,432
Cap Rate
6.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$628,640
$628.6K
Cap Rate 7%
$449,029
$449.0K
Cap Rate 9%
$349,244
$349.2K
Market Conditions
NOI Build-Up for 3,840 SF
Gross rent
$46.5K $12.12/SF
− Vacancy
−$1.6K −$0.43/SF
EGI
$44.9K $11.69/SF
− OpEx
−$13.5K −$3.51/SF
NOI
$31.4K $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%
$628,640
Cap Rate 7%
$449,029
Cap Rate 9%
$349,244
Alternative Uses
Best Use
Multifamily LT 5
$449.0K
$392.9K – $523.9K
NOI $31,432 @ 7.0% cap · market cap 6.98%
Second Best
Apartment 5plus
$404.4K
$353.9K – $471.9K
NOI $28,311 @ 7.0% cap · market cap 6.29%
Theoretical Best
Office A
$800.2K
$700.2K – $933.6K
NOI $56,013 @ 7.0% cap · market cap 12.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
405
Businesses Nearby
Explore this area
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 - All four residences are occupied under month-to-month agreements and include private laundry.
Where is this quadplex located?
The property is located at 2118 Norman Lane Pueblo, CO.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Four units, each with 2 bedrooms, 1 bathroom and in‑unit laundry; 3,840‑square‑foot property on 0.15 acres; All units occupied under month‑to‑month lease agreements
