Furnished Updated
New
For Sale
$395,000
900 Elm St, Pueblo, CO 81004
Three refreshed residences offer modern appliances, shared laundry, and individual evaporative cooling.
Property Size3,152 SF
Days on Market5
Property Features for 900 Elm St
General Information
Standard status
Active
Size
3,152 SF
Property subtype
Multi Family Home
Zoning
R-4
Units
Unit Mix
3 x 1BR/1BA
Multifamily Units
3
Additional Details
Furnished
Yes
Taxes and HOA fees
Annual Taxes
$1,754
Amenities
shared laundry room
keypad entry
central heating
individual evaporative coolers
newer 75-gallon water heater
Building Details
Building Size
3,152 SF
Year Built
1903
Buildings
1
Units
3
Listing Agency:
HomeSmart Preferred Realty
(719) 924-2843
Listed By:
Anita Salas
(719) 924-2843
Source:
Pikespeakdreamhomesrealty
Added: Aug 7
Changed: Aug 9
Last Checked: Aug 10 at 11:46AM
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 HomeSmart Preferred Realty
Investment Insights
Based on property information with market context.
Built in 1903, this furnished triplex contains three updated one-bedroom, one-bath residences. Interior features include vaulted ceilings, laminate flooring, modern appliances, newer mattresses, televisions, and linens. Central heating, individual evaporative coolers, keypad entry, and a newer 75-gallon water heater support the property’s operating setup.
The building occupies a corner lot in the Central High School area and is zoned R-4. A shared laundry room provides a full-size washer and dryer for resident use. The property is offered with its furnishings and unit furnishings in place.
The building occupies a corner lot in the Central High School area and is zoned R-4. A shared laundry room provides a full-size washer and dryer for resident use. The property is offered with its furnishings and unit furnishings in place.
Key Highlights
- Three one‑bedroom, one‑bath units
- Fully furnished with newer mattresses, TVs, and linens
- R‑4 zoning on a corner lot
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
$25,800
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
6.53%
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%
$516,000
$516.0K
Cap Rate 7%
$368,571
$368.6K
Cap Rate 9%
$286,667
$286.7K
Market Conditions
NOI Build-Up for 3,152 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
$38.2K $12.12/SF
− Vacancy
−$1.3K −$0.43/SF
EGI
$36.9K $11.69/SF
− OpEx
−$11.1K −$3.51/SF
NOI
$25.8K $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%
$516,000
Cap Rate 7%
$368,571
Cap Rate 9%
$286,667
Alternative Uses
Best Use
Multifamily LT 5
$368.6K
$322.5K – $430.0K
NOI $25,800 @ 7.0% cap · market cap 6.53%
Second Best
Apartment 5plus
$332.0K
$290.5K – $387.3K
NOI $23,239 @ 7.0% cap · market cap 5.88%
Theoretical Best
Office A
$656.8K
$574.7K – $766.3K
NOI $45,977 @ 7.0% cap · market cap 11.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
533
Businesses Nearby
Explore this area
Business Placement
Demographics for 81004, CO
26,005
Population
12,597
Households
2.1
Avg Household Size
39
Median Age
20%
College-Educated
90%
High-School Grad
160.9 sq mi
ZIP Area
162
Density / Sq Mi
$48,620
Median Household Income
$33,925
Median Earnings
$1,002
Median Rent
$181,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three refreshed residences offer modern appliances, shared laundry, and individual evaporative cooling.
Where is this triplex located?
The property is located at 900 Elm St Pueblo, CO.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Three one‑bedroom, one‑bath units; Fully furnished with newer mattresses, TVs, and linens; R‑4 zoning on a corner lot
