Duplex With Accessory Dwelling
For Sale
$449,900
2307 N Greenwood St, Pueblo, CO 81003
MULTI_FAMILY - Pueblo, CO
Property Size2,092 SF
Lot Size0.19 Acres
Price / SF$215.06
Days on Market9
Property Features for 2307 N Greenwood St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-2
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 3
Parking
2
Parking features
Garage - Detached
Window features
Vinyl Frames, Double Pane Windows
Patio and Porch features
Deck, Porch
Fencing
Fenced
Appliances
Refrigerator-All, Electric Range-All
Subdivision
Northside/Avenues
Lot features
Sprinkler System- Rear, Lawn- Rear, Trees- Front
Elementary school
60
Middle school
60
High school
60
Standard status
Active
APN
0524425013
Size
2,092 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
LOTS 19 + 20 BLK 6 DUNDEE PL
Tax Annual Amount
1808
Legal Description
LOTS 19 + 20 BLK 6 DUNDEE PL
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Water source
Public
Amenities
fireplace
stamped-concrete patio
mature landscaping
grapevine courtyard
sprinkler system
dog wash
ADU laundry area
private wraparound Trex deck
Building Details
Year built
1903
Floors in Building
2
Number of units
2
Flooring type
Hardwood
Building materials
Frame, Wood Siding, Copper Plumbing
Roof type
Composition
Listing Agency:
Rocky Mountain Realty
(719) 569-7276
Listed By:
Shawn Martinez · License #FA40004934
(719) 240-2502
Added: Aug 3
Changed: Aug 7
Last Checked: Aug 11 at 9:06PM
MLS# 238760
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.
This 2,092-square-foot duplex property, built in 1903, includes a three-bedroom, one-and-a-half-bath main residence and a one-bedroom accessory dwelling unit above the detached garage. Interior details include hardwood flooring, wood trim, a fireplace, and a formal dining room. The garage includes space for two vehicles, a roughed-in half bath, and a dog wash. The accessory unit provides laundry, living space, kitchen potential, and a private wraparound Trex deck.
Located at 2307 N Greenwood St in Pueblo’s Historic North Side, the property occupies a 0.19-acre fenced lot with front and rear sprinkler systems, mature landscaping, a grapevine courtyard, and a stamped-concrete patio. Public water and public sewer serve the property. Additional features include natural-gas forced-air heating, copper plumbing, a composition roof, and a porch and deck.
Located at 2307 N Greenwood St in Pueblo’s Historic North Side, the property occupies a 0.19-acre fenced lot with front and rear sprinkler systems, mature landscaping, a grapevine courtyard, and a stamped-concrete patio. Public water and public sewer serve the property. Additional features include natural-gas forced-air heating, copper plumbing, a composition roof, and a porch and deck.
Key Highlights
- 2,092 square feet on a 0.19‑acre lot
- Three‑bedroom, 1.5‑bath main residence
- One‑bedroom accessory dwelling unit with laundry and private wraparound Trex deck
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
$17,124
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
3.81%
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%
$342,480
$342.5K
Cap Rate 7%
$244,629
$244.6K
Cap Rate 9%
$190,267
$190.3K
Market Conditions
NOI Build-Up for 2,092 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
$25.4K $12.12/SF
− Vacancy
−$892 −$0.43/SF
EGI
$24.5K $11.69/SF
− OpEx
−$7.3K −$3.51/SF
NOI
$17.1K $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%
$342,480
Cap Rate 7%
$244,629
Cap Rate 9%
$190,267
Alternative Uses
Best Use
Multifamily LT 5
$244.6K
$214.1K – $285.4K
NOI $17,124 @ 7.0% cap · market cap 3.81%
Second Best
Apartment 5plus
$220.3K
$192.8K – $257.1K
NOI $15,424 @ 7.0% cap · market cap 3.43%
Theoretical Best
Office A
$435.9K
$381.4K – $508.6K
NOI $30,515 @ 7.0% cap · market cap 6.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,161
Businesses Nearby
Explore this area
Business Placement
Demographics for 81003, CO
15,169
Population
6,233
Households
2.4
Avg Household Size
38
Median Age
18%
College-Educated
80%
High-School Grad
12.2 sq mi
ZIP Area
1,243
Density / Sq Mi
$43,750
Median Household Income
$33,941
Median Earnings
$847
Median Rent
$178,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Character-rich property with a detached garage, private outdoor areas, and flexible additional living space.
Where is this duplex located?
The property is located at 2307 N Greenwood St Pueblo, CO.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: 2,092 square feet on a 0.19‑acre lot; Three‑bedroom, 1.5‑bath main residence; One‑bedroom accessory dwelling unit with laundry and private wraparound Trex deck
