Duplex with Office
For Sale
$450,000
825 N Greenwood St, Pueblo, CO 81003
MULTI_FAMILY - Ranch - Pueblo, CO
Property Size2,499 SF
Lot Size0.25 Acres
Price / SF$180.07
Days on Market86
Property Features for 825 N Greenwood St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
B-4
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 5, Bedroom 1, Bathroom 3, Bedroom 4, Bedroom 2, Bathroom 1, Bedroom 3, Bathroom 2
Parking features
RV, On Street, Offsite
Security features
Security System
Window features
Vinyl Frames, Double Pane Windows
Patio and Porch features
Patio, Porch
Interior features
New Paint
Exterior features
Outdoor Lighting-Rear
Fencing
Fenced
Basement
Crawl Space
Appliances
Refrigerator-Some
Subdivision
Northside/Avenues
Lot features
Corner Lot, Rock- Rear, Trees- Rear, Rock- Front, Trees- Front
Elementary school
60
Middle school
60
High school
60
Standard status
Active
APN
0525446023
Size
2,499 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
THE N 40 FT OF LOTS 1, 2 + 3 + THE N 41 FT OF THE S 80 FT OF LOT 3 + THE N 41 FT OF THE S 80 FT OF THE W 40 FT OF LOT 2 BLK 33 COUNTY ADD. A/K/A PARCEL ""A""N 41 FT OF S 80 FT OF LOT 1 + N 41 FT OF S
Tax Annual Amount
2532
Legal Description
THE N 40 FT OF LOTS 1, 2 + 3 + THE N 41 FT OF THE S 80 FT OF LOT 3 + THE N 41 FT OF THE S 80 FT OF THE W 40 FT OF LOT 2 BLK 33 COUNTY ADD. A/K/A PARCEL ""A""N 41 FT OF S 80 FT OF LOT 1 + N 41 FT OF S
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Amenities
network wiring
phone system
security bars
energy efficient lighting
patio
covered porch
handicap accessible
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Flooring type
Tile
Building materials
Frame, Stucco, Copper Plumbing
Roof type
Composition
Architectural style
Ranch
Listing Agency:
LoKation Real Estate
(720) 982-6322
Listed By:
Jesse Gamez
(719) 821-1653
Added: Jun 12
Changed: Aug 15
Last Checked: Sep 5 at 12:06PM
MLS# 240422
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 2,499-square-foot duplex on a 0.25-acre lot combines office-oriented layouts with a residential component. The 815 Greenwood side includes three office rooms, an oversized conference room, a network hub room, storage, and a half bathroom, with front and rear entrances. The 825 Greenwood side provides four office rooms, another oversized conference room, a reception area, kitchen and break space, and a half bathroom. A second-floor living area has its own entrance and can function as a separate apartment or suite.
Both sides connect to a shared patio and a fully fenced rear parking area with several gates. Additional features include handicap-accessible front porch entry, private rear access, double-pane windows with security bars, network wiring, phone service, forced-air heat, central air, public water and sewer, and a composition roof replaced in 2025. The property is in Pueblo near the River Walk, shopping, restaurants, pubs, and historic attractions.
Both sides connect to a shared patio and a fully fenced rear parking area with several gates. Additional features include handicap-accessible front porch entry, private rear access, double-pane windows with security bars, network wiring, phone service, forced-air heat, central air, public water and sewer, and a composition roof replaced in 2025. The property is in Pueblo near the River Walk, shopping, restaurants, pubs, and historic attractions.
Key Highlights
- 2,499 square feet on a 0.25‑acre lot
- B‑4 zoning in Pueblo, CO
- 815 Greenwood includes 3 office rooms and an oversized conference room
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
$27,383
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
6.09%
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%
$547,660
$547.7K
Cap Rate 7%
$391,186
$391.2K
Cap Rate 9%
$304,256
$304.3K
Market Conditions
NOI Build-Up for 2,499 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
$37.5K $15.00/SF
− Vacancy
−$975 −$0.39/SF
EGI
$36.5K $14.61/SF
− OpEx
−$9.1K −$3.65/SF
NOI
$27.4K $10.96/SF
Area
Pueblo, CO
Vacancy
2.60%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
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%
$547,660
Cap Rate 7%
$391,186
Cap Rate 9%
$304,256
Alternative Uses
Best Use
Office B
$391.2K
$342.3K – $456.4K
NOI $27,383 @ 7.0% cap · market cap 6.09%
Second Best
Mixed Use
$347.0K
$303.6K – $404.8K
NOI $24,290 @ 7.0% cap · market cap 5.40%
Theoretical Best
Office A
$520.7K
$455.7K – $607.5K
NOI $36,452 @ 7.0% cap · market cap 8.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with multiple office rooms, conference areas, and a separate second-floor living area.
Where is this duplex located?
The property is located at 825 N Greenwood 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: 2,499 square feet on a 0.25‑acre lot; B‑4 zoning in Pueblo, CO; 815 Greenwood includes 3 office rooms and an oversized conference room
