Brick Duplex with Oversized
For Sale
$445,000
222-224 W Abriendo Ave, Pueblo, CO 81004
Two-story brick construction includes a rear studio, solar-equipped garage, and off-street parking areas.
Property Size3,974 SF
Price / SF$111.98
Days on Market93
Property Features for 222-224 W Abriendo Ave
General Information
Standard status
Active
Size
3,974 SF
Property subtype
Multi-Family
Building Details
Year Built
1900
Listing Agency:
Carlsson Real Estate, Inc
(719) 671-1282
Listed By:
Karen Carlsson · License #01322765
Source:
Seehomesincolorado
Added: Jun 1
Changed: Aug 31
Last Checked: Sep 1 at 7:39PM
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
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.
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 = 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
$32,529
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
7.31%
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%
$650,580
$650.6K
Cap Rate 7%
$464,700
$464.7K
Cap Rate 9%
$361,433
$361.4K
Market Conditions
NOI Build-Up for 3,974 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
$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 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%
$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
NOI $32,529 @ 7.0% cap · market cap 7.31%
Second Best
Apartment 5plus
$418.6K
$366.2K – $488.3K
NOI $29,299 @ 7.0% cap · market cap 6.58%
Theoretical Best
Office A
$828.1K
$724.6K – $966.1K
NOI $57,967 @ 7.0% cap · market cap 13.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
Questions? Ask Rey
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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 $445,000.
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
