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Well-Maintained Brick Duplex Investment

308-310 Michigan St Pueblo, CO 81004

308-310 Michigan St, Pueblo, CO, 81004

$254,900

For Sale

$254,900

MULTI_FAMILY - Ranch - Pueblo, CO

Property Size1,972 SF

Lot Size0.12 Acres

Price / SF$129.26

AddedFeb 23

Days on Market142

Last RefreshJul 15 at 5:06 pm

Property Features for 308-310 Michigan St

General Information

Property type: Residential Multi Family
Property subtype: Single Family Residence
Zoning: R-5
Bedrooms: 4
Bathrooms: 2
Rooms: Bedroom 2, Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 3, Bedroom 4
Parking features: On Street, Offsite
Window features: Single Pane Window(s)
Patio and Porch features: Porch
Fencing: Fenced
Fireplace: 1
Basement: Full
Appliances: Refrigerator-All, Gas Range-Some, Electric Range-Some
Standard status: Active
APN: 1501214005
Size: 1,972 SF
Lot size: 0.12 Acres

Taxes and HOA fees

Tax Year: 2025
Tax Description: LOT 5 BLK 144 MICHIGAN PL SUB OF SOUTH PUEBLO
Tax Annual Amount: 1187

Utilities

Sewer type: Public Sewer
Heating system: Natural Gas, Forced Air
Water source: Public

Building Details

Year built: 1904
Number of units: 2
Building materials: Frame, Brick, Copper Plumbing, Plastic Plumbing
Roof type: Rolled Hot Mop, Flat
Architectural style: Ranch

Listing agent Rich Mayo

Listing office EXIT Realty DTC, Cherry Ck, P.P CO

Listing date Feb 23, 2026

MLS# 237199 Listing URL

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 well-maintained duplex presents a prime investment opportunity. Constructed of brick, the property features side-by-side rancher units. Located in a central area, the property benefits from a strong tenant history. Unit 308 has been recently remodeled, enhancing its appeal. The property contains 1,972 square feet and is situated on a lot of 0.12 acres. The zoning is R-5. This duplex offers a reliable income stream due to its quality construction and proven rental track record. The property is located in Pueblo, CO.

Key Highlights

All‑brick duplex with side‑by‑side rancher units
Unit 308 has been recently remodeled
Year built: 1904

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

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 (±1% cap)

NOI $16,142 @ 7.0% cap · market cap 6.33%

Second Best

Apartment 5plus

$207.7K

$181.7K – $242.3K (±1% cap)

NOI $14,539 @ 7.0% cap · market cap 5.70%

Theoretical Best

Office A

$410.9K

$359.6K – $479.4K (±1% cap)

NOI $28,765 @ 7.0% cap · market cap 11.28%

Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

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