Cash-Flowing 5-Unit Investment
For Sale
$450,000
624 W 11th and 1010-1012 West St, Pueblo, CO 81003
Turnkey investment opportunity in Central Pueblo with strong cash flow.
Property Size3,008 SF
Lot Size0.12 Acres
Days on Market314
Property Features for 624 W 11th and 1010-1012 West St
General Information
Standard status
Active
Size
3,008 SF
Lot size
0.12 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$3,243
Building Details
Building Size
3,008 SF
Year Built
1903
Units
5
Listed By:
Dan Fortune
(303) 378-0050
Source:
Elliman
Added: Nov 27, 2025
Changed: Oct 3
Last Checked: Oct 5 at 7:29PM
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 Dan Fortune
Investment Insights
Based on property information with market context.
This is a cash-flowing 5-unit property located in Central Pueblo. The property consists of two addresses: 624 W 11th St and 1010-1012 West St. All units are professionally managed and generating above-market rents, offering a turnkey income opportunity with strong in-place cash flow and room to grow. Each unit has been updated to attract quality tenants, with improvements that command premium rents and minimize vacancy. The location is just minutes from downtown, Riverwalk, and key transit routes, making it ideal for tenants and attractive for investors. This portfolio is positioned for long-term appreciation and immediate returns, with Pueblo's rental demand on the rise.
Key Highlights
- Cash‑flowing 5‑unit property generating above‑market rents.
- Professionally managed, turnkey income opportunity.
- Updated units attract quality tenants and minimize vacancy.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,177
Cap Rate
4.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$443,540
$443.5K
Cap Rate 7%
$316,814
$316.8K
Cap Rate 9%
$246,411
$246.4K
Market Conditions
NOI Build-Up for 3,008 SF
Gross rent
$41.9K $13.92/SF
− Vacancy
−$1.5K −$0.52/SF
EGI
$40.3K $13.40/SF
− OpEx
−$18.1K −$6.03/SF
NOI
$22.2K $7.37/SF
Area
Pueblo, CO
Vacancy
3.70%
Lease Rate
$13.92 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$443,540
Cap Rate 7%
$316,814
Cap Rate 9%
$246,411
Alternative Uses
Best Use
Apartment 5plus
$316.8K
$277.2K – $369.6K
NOI $22,177 @ 7.0% cap · market cap 4.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$626.8K
$548.5K – $731.3K
NOI $43,877 @ 7.0% cap · market cap 9.75%
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
122
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Turnkey investment opportunity in Central Pueblo with strong cash flow.
Where is this apartment building located?
The property is located at 624 W 11th and 1010-1012 West St Pueblo, CO.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Cash‑flowing 5‑unit property generating above‑market rents.; Professionally managed, turnkey income opportunity.; Updated units attract quality tenants and minimize vacancy.
