Fully Furnished Short-Term
For Sale
$489,900
515 W 11th St, Pueblo, CO 81003
MULTI_FAMILY - Pueblo, CO
Property Size1,944 SF
Lot Size0.12 Acres
Price / SF$252.01
Days on Market106
Property Features for 515 W 11th St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-5
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bedroom 1, Bedroom 8, Bedroom 7, Bathroom 4, Bathroom 1, Bedroom 6, Bathroom 3, Bedroom 4, Bedroom 2, Bedroom 3, Bedroom 5
Parking features
None
Patio and Porch features
Porch
Appliances
Refrigerator-All
Subdivision
Northside/Avenues
Elementary school
60
Middle school
60
High school
60
Standard status
Active
APN
0525424012
Size
1,944 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 12 BLK 36 COUNTY ADD
Tax Annual Amount
1236
Legal Description
LOT 12 BLK 36 COUNTY ADD
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Number of units
4
Building materials
Frame, Stucco
Listing Agency:
Schwabe Real Estate Inc
(719) 546-3782
Listed By:
Bill Schwabe · License #EB00275181
(719) 406-1099
Added: Apr 29
Changed: Aug 2
Last Checked: Aug 12 at 3:06AM
MLS# 239225
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 fully furnished short-term rental is set up for immediate operation, with the property being sold with furniture, appliances, washer and dryer units, and household items included. The home is a frame and stucco construction built in 1900, with a porch and multiple bedrooms and bathrooms to support flexible short-term occupancy. Public water and public sewer services are in place.
Recent major capital improvements include a brand new roof with new plywood decking, plus new gutters and downspouts. Additional updates reported within the past year include HVAC, plumbing, and electrical improvements.
Set on a 0.12-acre lot, the property provides 1,944 square feet of interior space and is zoned R-5. Parking is listed as none.
Recent major capital improvements include a brand new roof with new plywood decking, plus new gutters and downspouts. Additional updates reported within the past year include HVAC, plumbing, and electrical improvements.
Set on a 0.12-acre lot, the property provides 1,944 square feet of interior space and is zoned R-5. Parking is listed as none.
Key Highlights
- Sold fully furnished for short‑term rental use, including appliances and washer/dryer units
- Brand new roof with new plywood decking plus new gutters and downspouts
- HVAC, plumbing, and electrical improvements reported within the past year
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
$15,912
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
3.25%
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%
$318,240
$318.2K
Cap Rate 7%
$227,314
$227.3K
Cap Rate 9%
$176,800
$176.8K
Market Conditions
NOI Build-Up for 1,944 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
$23.6K $12.12/SF
− Vacancy
−$829 −$0.43/SF
EGI
$22.7K $11.69/SF
− OpEx
−$6.8K −$3.51/SF
NOI
$15.9K $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%
$318,240
Cap Rate 7%
$227,314
Cap Rate 9%
$176,800
Alternative Uses
Best Use
Multifamily LT 5
$227.3K
$198.9K – $265.2K
NOI $15,912 @ 7.0% cap · market cap 3.25%
Second Best
Apartment 5plus
$204.8K
$179.2K – $238.9K
NOI $14,333 @ 7.0% cap · market cap 2.93%
Theoretical Best
Office A
$405.1K
$354.5K – $472.6K
NOI $28,356 @ 7.0% cap · market cap 5.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,929
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Short term rental property - R-5 zoned, fully furnished short-term rental with public utilities and porch, supported by recent roof and systems upgrades.
Where is this short term rental property located?
The property is located at 515 W 11th St Pueblo, CO.
What is the asking price?
The asking price for this property is $489,900.
What are key features of this property?
This property features: Sold fully furnished for short‑term rental use, including appliances and washer/dryer units; Brand new roof with new plywood decking plus new gutters and downspouts; HVAC, plumbing, and electrical improvements reported within the past year
