Furnished Four-Unit Rental
New
For Sale
$489,900
515 W 11th St, Pueblo, CO 81003
Residential Income, Pueblo, CO
Property Size1,944 SF
Lot Size0.12 Acres
Price / SF$252.01
Days on Market1
Property Features for 515 W 11th St
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
R-5
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 5, Bedroom 3, Bedroom 1, Bedroom 2, Bedroom 6, Bedroom 8, Bathroom 2, Bedroom 7, Bathroom 3, Bathroom 1, Bedroom 4
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: Oct 6
Last Checked: Oct 6 at 10:06PM
MLS# 242637
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 four-unit property contains 1,944 square feet on a 0.12-acre lot and is configured with eight bedrooms and four bathrooms. Built in 1900, the frame-and-stucco building has a porch and is offered with furniture, appliances, washer and dryer units, and household items. Public water and sewer serve the property; no parking is listed.
The property is operating as a short-term rental, with mid-term stays also described as part of its rental use. Hospitals, downtown, and major employers are identified as nearby demand drivers. The location is 515 W 11th St in Pueblo, Colorado, and the property is zoned R-5.
Recent work includes a new roof with plywood decking, gutters, and downspouts. HVAC, plumbing, and electrical updates were completed within the past year. The listed appliance inventory includes a refrigerator.
The property is operating as a short-term rental, with mid-term stays also described as part of its rental use. Hospitals, downtown, and major employers are identified as nearby demand drivers. The location is 515 W 11th St in Pueblo, Colorado, and the property is zoned R-5.
Recent work includes a new roof with plywood decking, gutters, and downspouts. HVAC, plumbing, and electrical updates were completed within the past year. The listed appliance inventory includes a refrigerator.
Key Highlights
- Four‑unit property with 1,944 square feet on a 0.12‑acre lot
- Eight bedrooms and four bathrooms
- Furnishings, appliances, washer and dryer units, and household items included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,912
Cap Rate
3.25%
Suggested Prices Based on Cap Rates
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
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 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
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Current Use
Location Intelligence
Trade Area within ½ mile
2,016
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
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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?
Quadplex - The operating short-term rental includes furnishings and household equipment, with R-5 zoning and recent building-system updates.
Where is this quadplex 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: Four‑unit property with 1,944 square feet on a 0.12‑acre lot; Eight bedrooms and four bathrooms; Furnishings, appliances, washer and dryer units, and household items included
