Duplex with Detached
New
For Sale
$249,500
706 Topeka Ave, Pueblo, CO 81006
Separate fenced yards, a garage, and alley access distinguish the two occupied residences.
Property Size2,496 SF
Price / SF$99.96
Days on Market4
Property Features for 706 Topeka Ave
General Information
Standard status
Active
Size
2,496 SF
Property subtype
Duplex
Site & Location
Neighborhood
Grove
Taxes and HOA fees
Annual Taxes
$1,489
Building Details
Building Size
2,496 SF
Year Built
1928
Listing Agency:
Buy Smart Colorado
Listed By:
Caleb Skelton · License #FA100077073
(719) 310-8464
Source:
Curtisryanrealestate
Added: Oct 26
Changed: Oct 27
Last Checked: Oct 27 at 4:17AM
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 Buy Smart Colorado
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Investment Insights
Based on property information with market context.
This 2,496-square-foot duplex property pairs a larger home with a detached cottage. Both residences were remodeled in 2024 and have remained occupied since then. The main home includes an unfinished basement and a detached garage; each residence has a fenced yard, and the cottage is reached from the alley. The property was built in 1928.
The owner covers water service, while tenants handle electricity, gas, and trash. The separate residences and their individual outdoor areas are key features of the configuration.
The owner covers water service, while tenants handle electricity, gas, and trash. The separate residences and their individual outdoor areas are key features of the configuration.
Key Highlights
- 2,496‑square‑foot duplex property with a detached cottage
- Both residences remodeled in 2024 and continuously occupied since the work
- Main home includes an unfinished basement and detached garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,431
Cap Rate
8.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$408,620
$408.6K
Cap Rate 7%
$291,871
$291.9K
Cap Rate 9%
$227,011
$227.0K
Market Conditions
NOI Build-Up for 2,496 SF
Gross rent
$30.3K $12.12/SF
− Vacancy
−$1.1K −$0.43/SF
EGI
$29.2K $11.69/SF
− OpEx
−$8.8K −$3.51/SF
NOI
$20.4K $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%
$408,620
Cap Rate 7%
$291,871
Cap Rate 9%
$227,011
Alternative Uses
Best Use
Multifamily LT 5
$291.9K
$255.4K – $340.5K
NOI $20,431 @ 7.0% cap · market cap 8.19%
Second Best
Apartment 5plus
$262.9K
$230.0K – $306.7K
NOI $18,402 @ 7.0% cap · market cap 7.38%
Theoretical Best
Office A
$520.1K
$455.1K – $606.8K
NOI $36,408 @ 7.0% cap · market cap 14.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
401
Businesses Nearby
Explore this area
Business Placement
Demographics for 81006, CO
11,653
Population
4,795
Households
2.4
Avg Household Size
46
Median Age
23%
College-Educated
92%
High-School Grad
112.4 sq mi
ZIP Area
104
Density / Sq Mi
$68,915
Median Household Income
$46,750
Median Earnings
$1,176
Median Rent
$317,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Separate fenced yards, a garage, and alley access distinguish the two occupied residences.
Where is this duplex located?
The property is located at 706 Topeka Ave Pueblo, CO.
What is the asking price?
The asking price for this property is $249,500.
What are key features of this property?
This property features: 2,496‑square‑foot duplex property with a detached cottage; Both residences remodeled in 2024 and continuously occupied since the work; Main home includes an unfinished basement and detached garage
