Updated Duplex with Finished
New
For Sale
$525,000
3514 Pueblo St, Evans, CO 80620
Residential Income, Evans, CO
Property Size3,380 SF
Lot Size0.15 Acres
Price / SF$155.33
Days on Market2
Property Features for 3514 Pueblo St
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R-2
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bedroom 6, Bedroom 3, Bedroom 1, Bedroom 5, Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 4
Parking
5
Fencing
Fenced
Basement
Full
Appliances
Electric Range, Dishwasher, Refrigerator, Fire Alarm
Subdivision
Craig Archer Kohler & Tracys Sub
Lot features
Level, House Faces West, City Limits, Paved, Curbs, Gutters, Sidewalks, Alley
Elementary school
Bella Romero
Middle school
Bella Romero
High school
Greeley West
Elementary school district
Greeley 6
Middle school district
Greeley 6
High school district
Greeley 6
Standard status
Active
APN
R3903186
Size
3,380 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2658
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Ceiling Fan(s)
Building Details
Year built
1973
Floors in Building
1
Number of units
2
Building materials
Frame, Vinyl Siding
Roof type
Composition
Architectural style
Contemporary
Listing Agency:
Group Centerra
(970) 613-0700
Listed By:
Alejandro Garcia · License #IR1035278
(970) 646-1619
Added: Sep 14
Last Checked: Sep 15 at 2:06AM
MLS# 1068643
Copyright © 2026 IRES MLS. 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.
Located at 3514 Pueblo St in Evans, this 1973 duplex contains 3,380 square feet on a 0.15-acre lot. Each of the two mirrored units provides 3 bedrooms and 1 bathroom across a main level and finished basement, with each side measuring just under 1,700 square feet. The property is zoned R-2 and includes frame construction, vinyl siding, composition roofing, forced-air heating, ceiling fans, and public sewer service.
Interior improvements include new paint, refinished cabinetry, and updated flooring in both units. Windows were installed in 2022. The site offers 6 parking spaces, a fenced backyard serving Unit B, and an open grassy front area associated with Unit A. Appliances include electric ranges, dishwashers, refrigerators, and fire alarms, while natural gas is available.
Interior improvements include new paint, refinished cabinetry, and updated flooring in both units. Windows were installed in 2022. The site offers 6 parking spaces, a fenced backyard serving Unit B, and an open grassy front area associated with Unit A. Appliances include electric ranges, dishwashers, refrigerators, and fire alarms, while natural gas is available.
Key Highlights
- Two‑unit duplex with 3,380 square feet of total property size
- Each unit has 3 bedrooms and 1 bathroom across a main floor and finished basement
- Each side measures just under 1,700 square feet
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
$38,900
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
7.41%
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%
$778,000
$778.0K
Cap Rate 7%
$555,714
$555.7K
Cap Rate 9%
$432,222
$432.2K
Market Conditions
NOI Build-Up for 3,380 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
$58.8K $17.40/SF
− Vacancy
−$3.2K −$0.96/SF
EGI
$55.6K $16.44/SF
− OpEx
−$16.7K −$4.93/SF
NOI
$38.9K $11.51/SF
Area
Weld County, CO
Vacancy
5.51%
Lease Rate
$17.40 /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%
$778,000
Cap Rate 7%
$555,714
Cap Rate 9%
$432,222
Alternative Uses
Best Use
Multifamily LT 5
$555.7K
$486.3K – $648.3K
NOI $38,900 @ 7.0% cap · market cap 7.41%
Second Best
Apartment 5plus
$510.3K
$446.6K – $595.4K
NOI $35,724 @ 7.0% cap · market cap 6.80%
Theoretical Best
Office B
$616.0K
$539.0K – $718.7K
NOI $43,120 @ 7.0% cap · market cap 8.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
262
Businesses Nearby
Explore this area
Business Placement
Demographics for 80620, CO
20,975
Population
6,794
Households
3.1
Avg Household Size
30
Median Age
20%
College-Educated
81%
High-School Grad
5.9 sq mi
ZIP Area
3,555
Density / Sq Mi
$71,410
Median Household Income
$40,446
Median Earnings
$1,463
Median Rent
$315,400
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two mirrored residences offer flexible layouts, private outdoor areas, and refreshed interior finishes.
Where is this duplex located?
The property is located at 3514 Pueblo St Evans, CO.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Two‑unit duplex with 3,380 square feet of total property size; Each unit has 3 bedrooms and 1 bathroom across a main floor and finished basement; Each side measures just under 1,700 square feet
