Building Details

Year Built 1900

Listing Agency: Carlsson Real Estate, Inc

Listed By: Karen Carlsson · License #01322765 Show Phone

Source: Seehomesincolorado

Added: Jun 24 Changed: Oct 1 Last Checked: Oct 16 at 9:09AM

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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 Carlsson Real Estate, Inc

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Investment Insights

Based on property information with market context.

Built in 1900, this two-story brick duplex offers 3,974 square feet with one side previously occupied by the owner and the other currently leased month to month. The rear improvements include an artist’s studio, office, or exercise building measuring 24 x 24 feet, plus a 20 x 24-foot garage with solar panels.

The property is located at 222-224 W Abriendo Ave in Pueblo, close to the Main Library, Pueblo Riverwalk, local stores, and restaurants. Two off-street parking areas are positioned near the garage, with additional street parking along the front of the property. Access to the rear garage and studio is provided from the alley.

Key Highlights

• 3,974 SF two‑story brick duplex built in 1900
• One side has been owner occupied; current tenant is month to month
• Rear artist’s studio, office, or exercise building measures 24 x 24 feet

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$32,529

Cap Rate

8.56%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$650,580 $650.6K

Cap Rate 7%

$464,700 $464.7K

Cap Rate 9%

$361,433 $361.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,974 SF

Gross rent

$48.2K $12.12/SF

− Vacancy

−$1.7K −$0.43/SF

EGI

$46.5K $11.69/SF

− OpEx

−$13.9K −$3.51/SF

NOI

$32.5K $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%

$650,580

Cap Rate 7%

$464,700

Cap Rate 9%

$361,433

Alternative Uses

Best Use

Multifamily LT 5

$464.7K

$406.6K – $542.2K (±1% cap)

NOI $32,529 @ 7.0% cap · market cap 8.56%

Second Best

Apartment 5plus

$418.6K

$366.2K – $488.3K (±1% cap)

NOI $29,299 @ 7.0% cap · market cap 7.71%

Theoretical Best

Office A

$828.1K

$724.6K – $966.1K (±1% cap)

NOI $57,967 @ 7.0% cap · market cap 15.25%

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

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Daycare Center Computer & Electronic Repair Grocery & Convenience Store (Bike/Boat/Book/etc) Store Travel Agency Florist

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

1,312

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

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Two-story brick construction includes a rear studio, solar-equipped garage, and off-street parking areas.

Where is this duplex located?

The property is located at 222-224 W Abriendo Ave Pueblo, CO.

What is the asking price?

The asking price for this property is $380,000.

What are key features of this property?

This property features: 3,974 SF two‑story brick duplex built in 1900; One side has been owner occupied; current tenant is month to month; Rear artist’s studio, office, or exercise building measures 24 x 24 feet