Renovated Two-Unit
For Sale
$249,900
419 W 11th St, Pueblo, CO 81003
Residential Income, Pueblo, CO
Property Size1,224 SF
Lot Size0.12 Acres
Price / SF$204.17
Days on Market157
Property Features for 419 W 11th St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-5
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 2, Bedroom 1, Bedroom 3, Bathroom 1
Parking
1
Parking features
Garage - Detached
Window features
Vinyl Frames, Window Coverings
Patio and Porch features
Porch
Interior features
New Paint
Basement
Partial, Unfinished
Appliances
Dishwasher-All, Refrigerator-All, Electric Range-All, Washer-All, Dryer-All
Subdivision
Northside/Avenues
Lot features
Rock- Front, Trees- Front
Elementary school
60
Middle school
60
High school
60
Standard status
Active
APN
525425011
Size
1,224 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Lot 11 Blk 27 County Add
Tax Annual Amount
1530
Legal Description
Lot 11 Blk 27 County Add
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
front porch
Building Details
Year built
1900
Number of units
2
Flooring type
New floor coverings, Tile
Building materials
Frame, Stucco, Copper Plumbing, Plastic Plumbing
Roof type
Composition
Architectural style
Ranch
Listing Agency:
HomeSmart Preferred Realty · HomeSmart International
(719) 582-1046
Listed By:
Marilee Nickelson
(719) 406-4425
Added: Apr 23
Changed: Sep 15
Last Checked: Sep 26 at 12:06AM
MLS# 238859
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 Pueblo duplex contains two refreshed residences within a 1,224-square-foot ranch-style property. The front unit has 2 bedrooms, while the rear unit has 1 bedroom. Recent improvements include foundation repairs, new flooring, fresh paint, updated kitchens and bathrooms, all new appliances, a new furnace, and central air conditioning. A front porch, detached garage, public water, and public sewer are also included.
The property is located near UCHealth and Parkview Hospital, the Pueblo Riverwalk, shopping, and places of worship, with access to I-25 nearby. It has R-5 zoning and sits on a 0.121-acre lot at 419 W 11th St. The duplex was previously operated as a short-term rental through Furnished Finder and is also configured for residential income use.
The property is located near UCHealth and Parkview Hospital, the Pueblo Riverwalk, shopping, and places of worship, with access to I-25 nearby. It has R-5 zoning and sits on a 0.121-acre lot at 419 W 11th St. The duplex was previously operated as a short-term rental through Furnished Finder and is also configured for residential income use.
Key Highlights
- Two‑unit duplex with 2‑bedroom front residence and 1‑bedroom rear residence
- 1,224 square feet on a 0.121‑acre lot
- Foundation repairs plus updated kitchens, bathrooms, flooring, paint, and appliances
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
$10,019
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
4.01%
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%
$200,380
$200.4K
Cap Rate 7%
$143,129
$143.1K
Cap Rate 9%
$111,322
$111.3K
Market Conditions
NOI Build-Up for 1,224 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
$14.8K $12.12/SF
− Vacancy
−$522 −$0.43/SF
EGI
$14.3K $11.69/SF
− OpEx
−$4.3K −$3.51/SF
NOI
$10.0K $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 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%
$200,380
Cap Rate 7%
$143,129
Cap Rate 9%
$111,322
Alternative Uses
Best Use
Multifamily LT 5
$143.1K
$125.2K – $167.0K
NOI $10,019 @ 7.0% cap · market cap 4.01%
Second Best
Apartment 5plus
$128.9K
$112.8K – $150.4K
NOI $9,024 @ 7.0% cap · market cap 3.61%
Theoretical Best
Office A
$255.1K
$223.2K – $297.6K
NOI $17,854 @ 7.0% cap · market cap 7.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,034
Businesses Nearby
Explore this area
Business Placement
Demographics for 81003, CO
15,169
Population
6,233
Households
2.4
Avg Household Size
38
Median Age
18%
College-Educated
80%
High-School Grad
12.2 sq mi
ZIP Area
1,243
Density / Sq Mi
$43,750
Median Household Income
$33,941
Median Earnings
$847
Median Rent
$178,600
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 - Updated kitchens, baths, appliances, flooring, furnace, and central air support comfortable occupancy across both units.
Where is this duplex located?
The property is located at 419 W 11th St Pueblo, CO.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Two‑unit duplex with 2‑bedroom front residence and 1‑bedroom rear residence; 1,224 square feet on a 0.121‑acre lot; Foundation repairs plus updated kitchens, bathrooms, flooring, paint, and appliances
