76-Unit Affordable Apartment
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For Sale
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3520 Baltimore Ave, Pueblo, CO 81008
Income-restricted two- and three-bedroom apartments operate under a Land Use Regulation Agreement.
Property Size76,505 SF
Lot Size6.40 Acres
Days on Market4
Property Features for 3520 Baltimore Ave
General Information
Standard status
Active
Size
76,505 SF
Lot size
6.40 Acres
Property subtype
Multifamily
Occupancy
96%
Additional Details
Multifamily Units
76
Amenities
76-unit LIHTC community in Pueblo with affordability covenants extending through 2040-2044, providing long-term cash flow stability and durable resident demand.
Assumable Fannie Mae loan at a below-market 3.71% interest rate offers attractive in-place financing and reduced acquisition costs.
Opportunity to capture approximately 16.6% rental upside while maintaining affordability-driven demand in a supply-constrained market.
Building Details
Building Size
76,505 SF
Units
76
Listing Agency:
(303) 328-2064
Listed By:
Jason Hornik · License #License(s): CO: FA. 100070708
(303) 328-2064
Source:
Marcusmillichap
Added: Aug 28
Changed: Aug 30
Last Checked: Aug 31 at 12:42PM
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 Jason Hornik
Investment Insights
Based on property information with market context.
This 76-unit affordable apartment community in Pueblo includes a mix of two- and three-bedroom residences across more than 6.4 acres. Apartment sizes range from approximately 773 to 1,043 square feet, and the buildings were constructed between 1998 and 2003. The property is located at 3520–3540 Baltimore Avenue and 2036–2038 Kachina Drive.
Operations are governed by a Land Use Regulation Agreement with affordability designations spanning 40%, 50%, and 60% AMI. Existing affordability covenants extend approximately through 2040 to 2044, supporting continued income-restricted housing during the compliance period. The property forms part of Pueblo’s affordable housing inventory and serves a mix of family-sized and workforce-oriented apartment needs.
Operations are governed by a Land Use Regulation Agreement with affordability designations spanning 40%, 50%, and 60% AMI. Existing affordability covenants extend approximately through 2040 to 2044, supporting continued income-restricted housing during the compliance period. The property forms part of Pueblo’s affordable housing inventory and serves a mix of family-sized and workforce-oriented apartment needs.
Key Highlights
- 76‑unit affordable apartment community on more than 6.4 acres
- Two- and three‑bedroom apartment mix
- Floor plans range from approximately 773 to 1,043 square feet
Property Analytics
Property Profile
Current Use
Lease Details
76
Residential units
Location Intelligence
Trade Area within ½ mile
720
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
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Income-restricted two- and three-bedroom apartments operate under a Land Use Regulation Agreement.
Where is this apartment building located?
The property is located at 3520 Baltimore Ave Pueblo, CO.
What are key features of this property?
This property features: 76‑unit affordable apartment community on more than 6.4 acres; Two- and three‑bedroom apartment mix; Floor plans range from approximately 773 to 1,043 square feet
