Updated Four-Unit
For Sale
$479,900
219 Jackson St, Pueblo, CO 81004
Occupied apartments offer shared laundry, on-site parking, and a detached garage in South Pueblo.
Property Size2,782 SF
Price / SF$172.50
Days on Market153
Property Features for 219 Jackson St
General Information
Standard status
Active
Size
2,782 SF
Property subtype
Multi Family
Occupancy
100%
Units
Unit Mix
4 x 1BR
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$2,770
Amenities
shared on-site laundry room
Building Details
Year Built
1900
Listing Agency:
Atlas Real Estate
(310) 991-6277
Listed By:
Andrew Guterman · License #FA100076192
(310) 991-6277
Source:
Exitrealty
Added: Mar 31
Changed: Aug 29
Last Checked: Aug 29 at 6:23PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Atlas Real Estate
Investment Insights
Based on property information with market context.
Built in 1900, this 2,782-square-foot quadplex contains four one-bedroom apartments with interior cosmetic updates. All units are occupied, and current leases extend through periods ending between August and November. Owner-paid utilities are included in the reported rents.
The property includes a shared laundry room, a large on-site parking area, and a detached two-car garage. The garage may provide a separate rental opportunity, while the property’s current operating profile reflects a 6%+ cap rate. Located in South Pueblo at 219 Jackson St, the asset combines established residential improvements with an existing tenant base.
The property includes a shared laundry room, a large on-site parking area, and a detached two-car garage. The garage may provide a separate rental opportunity, while the property’s current operating profile reflects a 6%+ cap rate. Located in South Pueblo at 219 Jackson St, the asset combines established residential improvements with an existing tenant base.
Key Highlights
- Four one‑bedroom units, all occupied
- 2,782‑square‑foot quadplex built in 1900
- 6%+ cap rate based on current operations
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
$22,772
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
4.75%
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%
$455,440
$455.4K
Cap Rate 7%
$325,314
$325.3K
Cap Rate 9%
$253,022
$253.0K
Market Conditions
NOI Build-Up for 2,782 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
$33.7K $12.12/SF
− Vacancy
−$1.2K −$0.43/SF
EGI
$32.5K $11.69/SF
− OpEx
−$9.8K −$3.51/SF
NOI
$22.8K $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 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%
$455,440
Cap Rate 7%
$325,314
Cap Rate 9%
$253,022
Alternative Uses
Best Use
Multifamily LT 5
$325.3K
$284.7K – $379.5K
NOI $22,772 @ 7.0% cap · market cap 4.75%
Second Best
Apartment 5plus
$293.0K
$256.4K – $341.9K
NOI $20,511 @ 7.0% cap · market cap 4.27%
Theoretical Best
Office A
$579.7K
$507.3K – $676.3K
NOI $40,580 @ 7.0% cap · market cap 8.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,010
Businesses Nearby
Explore this area
Business Placement
Demographics for 81004, CO
26,005
Population
12,597
Households
2.1
Avg Household Size
39
Median Age
20%
College-Educated
90%
High-School Grad
160.9 sq mi
ZIP Area
162
Density / Sq Mi
$48,620
Median Household Income
$33,925
Median Earnings
$1,002
Median Rent
$181,200
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?
Quadplex - Occupied apartments offer shared laundry, on-site parking, and a detached garage in South Pueblo.
Where is this quadplex located?
The property is located at 219 Jackson St Pueblo, CO.
What is the asking price?
The asking price for this property is $479,900.
What are key features of this property?
This property features: Four one‑bedroom units, all occupied; 2,782‑square‑foot quadplex built in 1900; 6%+ cap rate based on current operations
