Historic Multifamily Property with
For Sale
$945,000
501 Colorado Ave, Pueblo, CO 81004
Residential Income, Pueblo, CO
Property Size3,279 SF
Lot Size0.22 Acres
Price / SF$288.20
Days on Market49
Property Features for 501 Colorado Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-4
Bedrooms
3
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 3, Bathroom 4, Bedroom 3, Bathroom 2
Parking
3
Parking features
Garage - Detached, Open, On Street
Spa
1
Patio and Porch features
Porch
Interior features
Ceiling Fan(s), Vaulted Ceiling(s), Walk-In Closet(s), Walk-in Shower
Exterior features
Accessory Dwelling
Fencing
Fenced
Basement
Crawl Space
Appliances
Refrigerator-All, Gas Range-Some, Washer-All, Dryer-All
Subdivision
Central High School
Lot features
Corner Lot, Lawn- Rear, Lawn- Front
Elementary school
60
Middle school
60
High school
60
Standard status
Active
APN
1502129015
Size
3,279 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
FRONT 95 FT OF LOTS 31 + 32 BLK 112 COLORADO COAL + IRON COMPANYS ADDITION NO 1
Tax Annual Amount
2734
Legal Description
FRONT 95 FT OF LOTS 31 + 32 BLK 112 COLORADO COAL + IRON COMPANYS ADDITION NO 1
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Forced Air
Cooling system
Wall Unit(s)
Water source
Public
Building Details
Year built
1900
Floors in Building
3
Number of units
3
Flooring type
Hardwood, Tile
Building materials
Brick
Roof type
Composition
Listing Agency:
The Platinum Group Realtors
(719) 536-4444
Listed By:
Savannah Perry
(985) 789-8955
Added: Sep 4
Changed: Sep 17
Last Checked: Oct 22 at 8:06AM
MLS# 242114
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.
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Investment Insights
Based on property information with market context.
This multifamily property combines a National Register-listed Queen Anne Victorian residence at 501 Colorado Ave with an adjoining duplex at 112-114 Grant Ave. The 3,279-square-foot assemblage occupies 0.22 acres and includes the primary residence plus two one-bedroom units. Interior character features include an oak staircase, stained glass, hardwood flooring, two fireplaces, formal dining and parlor spaces, a large kitchen with commercial-grade appliances, multiple bathrooms, and a private second-floor patio. The third-floor finished space, known as “The Nest,” adds windows, a full bathroom, and storage.
Each duplex unit has a kitchen, 3/4 bath, exposed beams, and an interior-access basement with laundry. A detached garage provides three bays, while additional parking is available in open and on-street spaces. The property also includes a porch, fenced areas, public water, public sewer, brick construction, and a combination of baseboard and forced-air heating.
Each duplex unit has a kitchen, 3/4 bath, exposed beams, and an interior-access basement with laundry. A detached garage provides three bays, while additional parking is available in open and on-street spaces. The property also includes a porch, fenced areas, public water, public sewer, brick construction, and a combination of baseboard and forced-air heating.
Key Highlights
- National Register‑listed Queen Anne Victorian residence with adjoining duplex
- 3,279 square feet on a 0.22‑acre lot
- Duplex includes two one‑bedroom units with kitchens and basement laundry access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,840
Cap Rate
2.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$536,800
$536.8K
Cap Rate 7%
$383,429
$383.4K
Cap Rate 9%
$298,222
$298.2K
Market Conditions
NOI Build-Up for 3,279 SF
Gross rent
$39.7K $12.12/SF
− Vacancy
−$1.4K −$0.43/SF
EGI
$38.3K $11.69/SF
− OpEx
−$11.5K −$3.51/SF
NOI
$26.8K $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%
$536,800
Cap Rate 7%
$383,429
Cap Rate 9%
$298,222
Alternative Uses
Best Use
Multifamily LT 5
$383.4K
$335.5K – $447.3K
NOI $26,840 @ 7.0% cap · market cap 2.84%
Second Best
Apartment 5plus
$345.4K
$302.2K – $402.9K
NOI $24,175 @ 7.0% cap · market cap 2.56%
Theoretical Best
Office A
$683.3K
$597.9K – $797.2K
NOI $47,830 @ 7.0% cap · market cap 5.06%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
3
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
778
Businesses Nearby
Explore this area
Business Placement
Demographics for 81004, CO
26,005
Population
12,597
Households
2.1
Avg Household Size
39
Median Age
20%
College-Educated
90%
High-School Grad
160.9 sq mi
ZIP Area
162
Density / Sq Mi
$48,620
Median Household Income
$33,925
Median Earnings
$1,002
Median Rent
$181,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - National Register-listed Queen Anne residence paired with a two-unit duplex and detached three-bay garage.
Where is this multifamily property located?
The property is located at 501 Colorado Ave Pueblo, CO.
What is the asking price?
The asking price for this property is $945,000.
What are key features of this property?
This property features: National Register‑listed Queen Anne Victorian residence with adjoining duplex; 3,279 square feet on a 0.22‑acre lot; Duplex includes two one‑bedroom units with kitchens and basement laundry access
