224 - 228 W 3rd St Pueblo, CO 81003
MULTI_FAMILY - Pueblo, CO
Property Features for 224 - 228 W 3rd St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- B-4
- Bedrooms
- 6
- Bathrooms
- 9
- Rooms
- Bedroom 4, Bathroom 1, Bathroom 5, Bathroom 7, Bedroom 3, Bathroom 3, Bathroom 8, Bathroom 2, Bedroom 2, Bedroom 5, Bedroom 6, Bedroom 1, Bathroom 4, Bathroom 6, Bathroom 9
- Parking features
- On Street, Garage
- Security features
- Security System
- Window features
- Vinyl Frames, Window Coverings, Double Pane Windows
- Patio and Porch features
- Patio
- Interior features
- New Paint, Ceiling Fan(s), Walk-In Closet(s)
- Exterior features
- Outdoor Lighting-Rear
- Fireplace
- 1
- Basement
- Partial, Full, Crawl Space
- Appliances
- Dishwasher-Some, Garbage Disposal-Some, Refrigerator-All, Gas Range-Some, Microwave Built-In-Some, Washer-Some, Dryer-Some, Gas Cooktop-Some, Electric Cooktop-Some, Built-in Oven-None
- Standard status
- Active
- APN
- 0536129006
- Size
- 9,000 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- W 43 FT 5 1/2 IN LOT 8 BLK 32 PUEBLO
- Tax Annual Amount
- 3213
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Wall Furnace, Natural Gas
- Cooling system
- Central Air, Wall Unit(s)
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 7
- Flooring type
- New floor coverings, Hardwood
- Building materials
- Frame, Brick, Stucco, Concrete, Copper Plumbing, Plastic Plumbing
- Roof type
- Flat, Rubber
Listing agent Chris Pisciotta License #100002693 (719) 240-2059
Listing office Keller Williams Performance Realty 1528 Fortino Blvd, Pueblo, CO (719) 583-1100
Listing date May 21, 2026
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.
Investment Insights
Based on property information with market context.
Key Highlights
- 8% CAP rate mixed‑use investment property in Historic Downtown Pueblo.
- Approximately 9,000 sq ft of rentable space with commercial storefront and residential apartments.
- Significant income potential: $7,100/month from residential units + guaranteed $2,500/month commercial income for one year.
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $145.8k | $16.20 |
| − Vacancy | −$5.8k | −$0.65 |
| EGI | $140.0k | $15.55 |
| − OpEx | −$52.5k | −$5.83 |
| NOI | $87.5k | $9.72 |
