4-Unit Quadplex with In-Unit
For Sale
$529,000
3501 Baltimore, Pueblo, CO 81008
Apartments include air conditioning and washer/dryer hookups, while gas and electric service are separately metered.
Property Size3,072 SF
Price / SF$172.20
Days on Market40
Property Features for 3501 Baltimore
General Information
Standard status
Active
Size
3,072 SF
Property subtype
Residential Income
Occupancy
100%
Site & Location
Neighborhood
Skyview
Highway Access
Yes
Units
Multifamily Units
4
Individually Metered Utilities
gas, electric
Additional Details
Average Monthly Rent
$1,041
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$2,316
Amenities
in-unit washer/dryer hookups
in-unit air conditioning
Building Details
Building Size
3,072 SF
Year Built
1973
Stories
2
Listing Agency:
Denver Real Estate Connection
(303) 455-0244
Listed By:
Kayla Okafor
(720) 296-2949
Source:
Denverrealestateconnection
Added: Sep 15
Changed: Oct 23
Last Checked: Oct 23 at 4:03PM
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 Denver Real Estate Connection
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Investment Insights
Based on property information with market context.
This 3,072-square-foot quadplex contains four apartments with a mix of two-bedroom and one-bathroom layouts. Built in 1973, the property has received interior work in every unit, along with exterior painting and other capital improvements. Each apartment has in-unit air conditioning and washer/dryer hookups. Gas and electric are separately metered, with tenants paying those utility costs directly. Off-street parking is available.
The property is on Baltimore Avenue in Pueblo, near Highway 50. Nearby destinations named for the area include Pueblo Country Club, Fairmount Park, and Centennial High School. Lease expirations range from November 30, 2026, through August 31, 2027.
The property is on Baltimore Avenue in Pueblo, near Highway 50. Nearby destinations named for the area include Pueblo Country Club, Fairmount Park, and Centennial High School. Lease expirations range from November 30, 2026, through August 31, 2027.
Key Highlights
- Four apartments totaling 3,072 square feet
- Two‑bedroom, one‑bathroom unit layouts
- Interior improvements completed in all units; exterior paint also updated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,145
Cap Rate
4.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$502,900
$502.9K
Cap Rate 7%
$359,214
$359.2K
Cap Rate 9%
$279,389
$279.4K
Market Conditions
NOI Build-Up for 3,072 SF
Gross rent
$37.2K $12.12/SF
− Vacancy
−$1.3K −$0.43/SF
EGI
$35.9K $11.69/SF
− OpEx
−$10.8K −$3.51/SF
NOI
$25.1K $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 Rate 5%
$502,900
Cap Rate 7%
$359,214
Cap Rate 9%
$279,389
Alternative Uses
Best Use
Multifamily LT 5
$359.2K
$314.3K – $419.1K
NOI $25,145 @ 7.0% cap · market cap 4.75%
Second Best
Apartment 5plus
$323.6K
$283.1K – $377.5K
NOI $22,649 @ 7.0% cap · market cap 4.28%
Theoretical Best
Office A
$640.1K
$560.1K – $746.8K
NOI $44,810 @ 7.0% cap · market cap 8.47%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
487
Businesses Nearby
Explore this area
Business Placement
Demographics for 81008, CO
11,868
Population
5,302
Households
2.2
Avg Household Size
41
Median Age
33%
College-Educated
94%
High-School Grad
102.2 sq mi
ZIP Area
116
Density / Sq Mi
$68,389
Median Household Income
$45,445
Median Earnings
$1,396
Median Rent
$280,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Apartments include air conditioning and washer/dryer hookups, while gas and electric service are separately metered.
Where is this quadplex located?
The property is located at 3501 Baltimore Pueblo, CO.
What is the asking price?
The asking price for this property is $529,000.
What are key features of this property?
This property features: Four apartments totaling 3,072 square feet; Two‑bedroom, one‑bathroom unit layouts; Interior improvements completed in all units; exterior paint also updated
