Furnished Triplex with Updated
For Sale
$389,500
900 Elm St, Pueblo, CO 81004
Residential Income, Pueblo, CO
Property Size3,152 SF
Lot Size0.17 Acres
Price / SF$123.57
Days on Market52
Property Features for 900 Elm St
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
R-4
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 2, Bathroom 1
Parking features
On Street
Window features
Single Pane Window(s)
Patio and Porch features
Porch, Patio
Interior features
Walk-In Closet(s), Cable TV
Exterior features
Garden Area-Rear
Fencing
Fenced
Basement
Partial, Unfinished
Appliances
Garbage Disposal-All, Refrigerator-All, Electric Range-All, Microwave Built-In-All
Subdivision
Central High School
Elementary school
60
Middle school
60
High school
60
Standard status
Active
APN
1501403001
Size
3,152 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 1 + N 1/2 OF 2 BLK 5 BESSEMER
Tax Annual Amount
1755
Legal Description
LOT 1 + N 1/2 OF 2 BLK 5 BESSEMER
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Wall Unit(s)
Water source
Public
Amenities
shared laundry room
keypad entry
central heating
individual evaporative coolers
newer 75-gallon water heater
Building Details
Year built
1903
Number of units
3
Building materials
Frame, Stucco, Copper Plumbing
Roof type
Composition
Architectural style
Ranch
Listing Agency:
HomeSmart Preferred Realty · HomeSmart International
(719) 582-1046
Listed By:
Anita Salas · License #100081414
(719) 924-2843
Added: Aug 7
Changed: Sep 16
Last Checked: Sep 27 at 1:06PM
MLS# 241610
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 3,152-square-foot triplex contains three furnished one-bedroom, one-bath units on a 0.168-acre corner lot. The residences have been updated with vaulted ceilings, laminate flooring, modern appliances, mattresses, televisions, and linens. Shared amenities include a laundry room with a full-size washer and dryer, keypad entry, natural gas heating, wall-unit cooling, and a newer 75-gallon water heater. The property also includes a fenced rear garden area, porch, patio, on-street parking, public water, and public sewer.
Built in 1903 with a ranch-style design, the property is zoned R-4 and located in the Central High School area of Pueblo. Each unit includes a one-bedroom, one-bath layout, while the supplied appliance package includes refrigerators, electric ranges, built-in microwaves, and garbage disposals. The building features frame and stucco construction, copper plumbing, and a composition roof.
Built in 1903 with a ranch-style design, the property is zoned R-4 and located in the Central High School area of Pueblo. Each unit includes a one-bedroom, one-bath layout, while the supplied appliance package includes refrigerators, electric ranges, built-in microwaves, and garbage disposals. The building features frame and stucco construction, copper plumbing, and a composition roof.
Key Highlights
- 3,152 SF triplex on a 0.168‑acre corner lot
- Three furnished 1‑bedroom, 1‑bath units
- R‑4 zoning and 1903 construction
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
6.62%
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 6.62%
Second Best
Apartment 5plus
$332.0K
$290.5K – $387.3K
NOI $23,239 @ 7.0% cap · market cap 5.97%
Theoretical Best
Office A
$656.8K
$574.7K – $766.3K
NOI $45,977 @ 7.0% cap · market cap 11.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
686
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three one-bedroom residences share laundry access, appliance packages, and keypad entry.
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 $389,500.
What are key features of this property?
This property features: 3,152 SF triplex on a 0.168‑acre corner lot; Three furnished 1‑bedroom, 1‑bath units; R‑4 zoning and 1903 construction
