Updated Northside
For Sale
$329,900
616 W 10th St, Pueblo, CO 81003
Four-unit residential income property with off-street parking and established 12-month leases.
Property Size2,746 SF
Price / SF$120.14
Days on Market52
Property Features for 616 W 10th St
General Information
Standard status
Active
Size
2,746 SF
Property subtype
Multi Family
Site & Location
Neighborhood
East Side
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$2,159
Amenities
off street parking
Building Details
Year Built
1949
Listing Agency:
RE/MAX Associates
(719) 583-8383
Listed By:
Mark Chorak · License #40016515
(719) 240-4733
Source:
Exitrealty
Added: Sep 4
Changed: Oct 10
Last Checked: Oct 12 at 6:18PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Associates
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Investment Insights
Based on property information with market context.
This Northside quadplex contains four residential units within a 2,746-square-foot property built in 1949. The asset has received updates throughout and includes off-street parking, with an inviting exterior and a maintained presentation.
Each unit is subject to a 12-month lease, while tenants pay their own electric and gas expenses. Located at 616 W 10th St in Pueblo, the property offers an established multifamily configuration with existing occupancy arrangements.
Each unit is subject to a 12-month lease, while tenants pay their own electric and gas expenses. Located at 616 W 10th St in Pueblo, the property offers an established multifamily configuration with existing occupancy arrangements.
Key Highlights
- Four‑unit quadplex with 2,746 square feet
- Built in 1949 with updates throughout
- Off‑street parking included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,477
Cap Rate
6.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$449,540
$449.5K
Cap Rate 7%
$321,100
$321.1K
Cap Rate 9%
$249,744
$249.7K
Market Conditions
NOI Build-Up for 2,746 SF
Gross rent
$33.3K $12.12/SF
− Vacancy
−$1.2K −$0.43/SF
EGI
$32.1K $11.69/SF
− OpEx
−$9.6K −$3.51/SF
NOI
$22.5K $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%
$449,540
Cap Rate 7%
$321,100
Cap Rate 9%
$249,744
Alternative Uses
Best Use
Multifamily LT 5
$321.1K
$281.0K – $374.6K
NOI $22,477 @ 7.0% cap · market cap 6.81%
Second Best
Apartment 5plus
$289.2K
$253.1K – $337.4K
NOI $20,246 @ 7.0% cap · market cap 6.14%
Theoretical Best
Office A
$572.2K
$500.7K – $667.6K
NOI $40,055 @ 7.0% cap · market cap 12.14%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,058
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
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit residential income property with off-street parking and established 12-month leases.
Where is this quadplex located?
The property is located at 616 W 10th St Pueblo, CO.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: Four‑unit quadplex with 2,746 square feet; Built in 1949 with updates throughout; Off‑street parking included
