Updated Two-Unit
For Sale
$220,000
723 E 2nd St, Pueblo, CO 81001
Two residences provide private entrances and individual laundry hookups.
Property Size2,190 SF
Price / SF$100.46
Days on Market52
Property Features for 723 E 2nd St
General Information
Standard status
Active
Size
2,190 SF
Property subtype
Multi Family
Site & Location
Neighborhood
Lower East Side
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Gross Income
$19,500
Taxes and HOA fees
Annual Taxes
$890
Amenities
fireplace
laundry hookups
off-street parking
Building Details
Year Built
1906
Buildings
1
Listing Agency:
Keller Williams Clients Choice
(719) 535-0355
Listed By:
Eric Estrada · License #ER100048439
(719) 722-0009
Source:
Exitrealty
Added: Sep 4
Changed: Oct 11
Last Checked: Oct 11 at 5:42AM
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 Keller Williams Clients Choice
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Investment Insights
Based on property information with market context.
Built in 1906, this 2,190-square-foot duplex contains two separate residences, each with 2 bedrooms, 1 full bathroom, a private entrance, and individual laundry hookups. Recent improvements include new hardwood flooring in the main-level unit and fresh exterior paint. That unit also features a fireplace, while an unfinished basement provides additional storage space. Dedicated off-street parking is located at the rear, with on-street parking available along the front.
The property is located at 723 E 2nd St in Pueblo, Colorado, minutes from Downtown Pueblo and the Historic Arkansas Riverwalk. Restaurants, shopping, entertainment, and community events are accessible from the property. The two-unit layout supports separate occupancy, with each residence maintaining its own entrance and laundry connections.
The property is located at 723 E 2nd St in Pueblo, Colorado, minutes from Downtown Pueblo and the Historic Arkansas Riverwalk. Restaurants, shopping, entertainment, and community events are accessible from the property. The two-unit layout supports separate occupancy, with each residence maintaining its own entrance and laundry connections.
Key Highlights
- 2,190‑square‑foot duplex built in 1906
- Two separate units, each with 2 bedrooms and 1 full bathroom
- Private entrances and individual laundry hookups for both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,926
Cap Rate
8.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$358,520
$358.5K
Cap Rate 7%
$256,086
$256.1K
Cap Rate 9%
$199,178
$199.2K
Market Conditions
NOI Build-Up for 2,190 SF
Gross rent
$26.5K $12.12/SF
− Vacancy
−$934 −$0.43/SF
EGI
$25.6K $11.69/SF
− OpEx
−$7.7K −$3.51/SF
NOI
$17.9K $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%
$358,520
Cap Rate 7%
$256,086
Cap Rate 9%
$199,178
Alternative Uses
Best Use
Multifamily LT 5
$256.1K
$224.1K – $298.8K
NOI $17,926 @ 7.0% cap · market cap 8.15%
Second Best
Apartment 5plus
$230.7K
$201.8K – $269.1K
NOI $16,146 @ 7.0% cap · market cap 7.34%
Theoretical Best
Office A
$456.4K
$399.3K – $532.4K
NOI $31,945 @ 7.0% cap · market cap 14.52%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,007
Businesses Nearby
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Business Placement
Demographics for 81001, CO
31,107
Population
13,651
Households
2.3
Avg Household Size
37
Median Age
21%
College-Educated
88%
High-School Grad
32.0 sq mi
ZIP Area
972
Density / Sq Mi
$47,086
Median Household Income
$35,204
Median Earnings
$1,027
Median Rent
$208,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences provide private entrances and individual laundry hookups.
Where is this duplex located?
The property is located at 723 E 2nd St Pueblo, CO.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: 2,190‑square‑foot duplex built in 1906; Two separate units, each with 2 bedrooms and 1 full bathroom; Private entrances and individual laundry hookups for both units
