Brick Duplex with Side-by-Side
308-310 Michigan St Pueblo, CO 81004
For Sale
$254,900
All-brick duplex with side-by-side rancher-style units, including a recently remodeled unit.
Property Size1,972 SF
Price / SF$129.26
Days on Market150
Property Features for 308-310 Michigan St
General Information
- Standard status
- Active
- Size
- 1,972 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1904
Listing Agency:
EXIT Realty DTC, Cherry Ck, P.P
(719) 369-2766
Listed By:
Rich Mayo · License #100053306
(719) 369-2766
Source:
Exitrealty
Added: Feb 24
Changed: Jul 23
Last Checked: Jul 24 at 6:41AM
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 EXIT Realty DTC, Cherry Ck, P.P
Investment Insights
Based on property information with market context.
This well-maintained all-brick duplex features side-by-side rancher-style units. The property offers a straightforward two-unit layout designed for residential income use. Unit 308 has been recently remodeled, adding to the overall condition of the asset.
The duplex is centrally located at 308-310 Michigan St in Pueblo, Colorado. The seller reports a strong tenant history and notes that several upgrades have been completed over time.
As a residential income property, it provides an opportunity for an investor seeking an established duplex configuration with one unit updated more recently.
The duplex is centrally located at 308-310 Michigan St in Pueblo, Colorado. The seller reports a strong tenant history and notes that several upgrades have been completed over time.
As a residential income property, it provides an opportunity for an investor seeking an established duplex configuration with one unit updated more recently.
Key Highlights
- 1904‑built all‑brick duplex with side‑by‑side rancher‑style units
- Unit 308 has been recently remodeled
- Well‑maintained duplex with a strong tenant history
Financial Insights For Multifamily LT 5
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 | $23.9k | $12.12 |
| − Vacancy | −$841 | −$0.43 |
| EGI | $23.1k | $11.69 |
| − OpEx | −$6.9k | −$3.51 |
| NOI | $16.1k | $8.19 |
1,972 SF · lease $12.12/SF/yr · vacancy 3.52% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$230.6K
$201.8K – $269.0K
NOI $16,142 @ 7.0% cap · market cap 6.33%
Second Best
Apartment 5plus
$207.7K
$181.7K – $242.3K
NOI $14,539 @ 7.0% cap · market cap 5.70%
Theoretical Best
Office A
$410.9K
$359.6K – $479.4K
NOI $28,765 @ 7.0% cap · market cap 11.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - All-brick duplex with side-by-side rancher-style units, including a recently remodeled unit.
Where is this duplex located?
The property is located at 308-310 Michigan St Pueblo, CO.
What is the asking price?
The asking price for this property is $254,900.
What are key features of this property?
This property features: 1904‑built all‑brick duplex with side‑by‑side rancher‑style units; Unit 308 has been recently remodeled; Well‑maintained duplex with a strong tenant history
