Duplex with Attached
New
For Sale
$449,500
357 W Spaulding Avenue, Pueblo West, CO 81007
Residential Income, Pueblo West, CO
Property Size2,028 SF
Lot Size0.28 Acres
Price / SF$221.65
Days on Market6
Property Features for 357 W Spaulding Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Elementary school district
Pueblo-70
Middle school district
Pueblo-70
High school district
Pueblo-70
Standard status
Active
Lot size
0.28 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2390
Utilities
Heating system
Forced Air
Cooling system
Wall Unit(s)
Building Details
Year built
1999
Roof type
Shingle
Listing Agency:
Pink Realty Inc
(719) 888-7465
Listed By:
Julie Batulis ABR C2EX MRP RENE SFR · License #EA.100078183
(719) 963-8660
Added: Sep 22
Last Checked: Sep 27 at 12:06PM
MLS# 8136171
Copyright © 2026 elevateMLS. 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.
Built in 1999, this duplex contains approximately 2,028 total square feet across two separate units. Each side includes 2 bedrooms, 1 bathroom, comfortable living space, and an attached 2-car garage. The property sits on a 0.282-acre lot and is equipped with forced-air heating, wall-unit cooling, and a shingle roof.
Both units are occupied by month-to-month tenants, supporting continued rental use while allowing flexibility for future plans. The property is located in Pueblo West with access to shopping, dining, schools, and major roadways. Its two-unit layout and dedicated garage space accommodate either continued income use or an owner-occupant arrangement.
Both units are occupied by month-to-month tenants, supporting continued rental use while allowing flexibility for future plans. The property is located in Pueblo West with access to shopping, dining, schools, and major roadways. Its two-unit layout and dedicated garage space accommodate either continued income use or an owner-occupant arrangement.
Key Highlights
- Two‑unit duplex with approximately 2,028 total square feet
- Each unit includes 2 bedrooms and 1 bathroom
- Attached 2‑car garage serving each unit
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
$16,541
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
3.68%
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%
$330,820
$330.8K
Cap Rate 7%
$236,300
$236.3K
Cap Rate 9%
$183,789
$183.8K
Market Conditions
NOI Build-Up for 2,028 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
$24.3K $12.00/SF
− Vacancy
−$706 −$0.35/SF
EGI
$23.6K $11.65/SF
− OpEx
−$7.1K −$3.50/SF
NOI
$16.5K $8.16/SF
Area
Pueblo County, CO
Vacancy
2.90%
Lease Rate
$12.00 /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%
$330,820
Cap Rate 7%
$236,300
Cap Rate 9%
$183,789
Alternative Uses
Best Use
Multifamily LT 5
$236.3K
$206.8K – $275.7K
NOI $16,541 @ 7.0% cap · market cap 3.68%
Second Best
Apartment 5plus
$198.0K
$173.3K – $231.0K
NOI $13,862 @ 7.0% cap · market cap 3.08%
Theoretical Best
Office A
$422.6K
$369.8K – $493.0K
NOI $29,582 @ 7.0% cap · market cap 6.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
63
Businesses Nearby
Explore this area
Business Placement
Demographics for 81007, CO
33,263
Population
12,678
Households
2.6
Avg Household Size
42
Median Age
31%
College-Educated
93%
High-School Grad
136.5 sq mi
ZIP Area
244
Density / Sq Mi
$95,419
Median Household Income
$50,572
Median Earnings
$1,319
Median Rent
$371,600
Median Home Value
Check the figures for this property
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 occupied units offer flexible rental or owner-occupant use in Pueblo West.
Where is this duplex located?
The property is located at 357 W Spaulding Avenue Pueblo West, CO.
What is the asking price?
The asking price for this property is $449,500.
What are key features of this property?
This property features: Two‑unit duplex with approximately 2,028 total square feet; Each unit includes 2 bedrooms and 1 bathroom; Attached 2‑car garage serving each unit
