Quadplex with Off-Street
For Sale
Under Contract
$329,900
616 W 10th St, Pueblo, CO 81003
Residential Income, Pueblo, CO
Property Size2,746 SF
Lot Size0.21 Acres
Price / SF$120.14
Days on Market93
Property Features for 616 W 10th St
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
R-5
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bedroom 4, Bathroom 4, Bedroom 8, Bedroom 1, Bathroom 3, Bedroom 5, Bedroom 7, Bedroom 2, Bedroom 6, Bathroom 1, Bedroom 3
Window features
Double Pane Windows, Single Pane Window(s)
Patio and Porch features
Porch
Interior features
New Paint
Basement
Partial, Finished
Appliances
Dishwasher-Some, Refrigerator-All, Electric Range-All, Washer-All, Dryer-All
Subdivision
Northside/Avenues
Lot features
Lawn- Front, Trees- Front
Elementary school
60
Middle school
60
High school
60
Standard status
Active Under Contract
APN
0525436004
Size
2,746 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
W 32 FT OF LOT 5 ALL 6 BLK 45 COUNTY ADD
Tax Annual Amount
2159
Legal Description
W 32 FT OF LOT 5 ALL 6 BLK 45 COUNTY ADD
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Water source
Public
Building Details
Year built
1949
Floors in Building
2
Number of units
4
Flooring type
Tile
Building materials
Frame, Brick
Roof type
Composition
Listing Agency:
RE/MAX Associates · RE/MAX International
(719) 583-8383
Listed By:
Mark Chorak · License #40016515
(719) 240-4733
Added: Jun 10
Changed: Sep 10
Last Checked: Sep 10 at 2:06PM
MLS# 240482
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 residential property contains 2746 square feet on a 0.209-acre lot and was built in 1949. The building features frame and brick construction, composition roofing, tile flooring, natural-gas heating, and new paint. Appliances include refrigerators, electric ranges, dishwashers, washers, and dryers. A porch and off-street parking are also provided.
Located at 616 W 10th St in Pueblo, Colorado, the property uses public water and public sewer service and is zoned R-5. Existing 12-month leases are in place, with tenants responsible for electric and gas service. The configuration includes eight bedrooms and four bathrooms across the property.
Located at 616 W 10th St in Pueblo, Colorado, the property uses public water and public sewer service and is zoned R-5. Existing 12-month leases are in place, with tenants responsible for electric and gas service. The configuration includes eight bedrooms and four bathrooms across the property.
Key Highlights
- Four‑unit residential property with 2746 square feet
- 0.209‑acre lot with off‑street parking and a porch
- R‑5 zoning with public water and public sewer
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
$22,477
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
6.81%
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%
$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
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
$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 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%
$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.
Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,249
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit property with 12-month leases and tenants paying electric and gas costs.
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 residential property with 2746 square feet; 0.209‑acre lot with off‑street parking and a porch; R‑5 zoning with public water and public sewer
