Building Details

Year Built 1903

Listing Agency: Keller Williams Performance Realty

Listed By: Jami Baker Orr Team Show Phone

Source: Seehomesincolorado

Added: Oct 2 Changed: Oct 10 Last Checked: Oct 14 at 11:11PM

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Investment Insights

Based on property information with market context.

Built in 1903, this 3,966-square-foot triplex contains three residences: a 1-bedroom/1-bath unit, a 2-bedroom/1-bath unit, and a 3-bedroom/1-bath unit. Each has two private entrances. The lower-level residence features an open layout, LVT flooring, and a 3/4 bath with a walk-in shower. The middle unit has carpet and LVP flooring, separate living and dining areas, and access to a fenced side yard. A mudroom and open kitchen-living area are included in the upper unit, which connects to the shared backyard.

Four storage rooms provide additional space, with any conversion or alternate use subject to applicable approvals and buyer verification. Shared laundry includes a card-operated washer and coin-operated dryer, both of which convey. Rock landscaping and private outdoor areas are also part of the property.

Key Highlights

• Three units: 1‑bedroom/1‑bath, 2‑bedroom/1‑bath, and 3‑bedroom/1‑bath
• 3,966‑square‑foot triplex built in 1903
• Four storage rooms; any conversion is subject to approvals and buyer verification

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$32,463

Cap Rate

7.23%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$649,260 $649.3K

Cap Rate 7%

$463,757 $463.8K

Cap Rate 9%

$360,700 $360.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,966 SF

Gross rent

$48.1K $12.12/SF

− Vacancy

−$1.7K −$0.43/SF

EGI

$46.4K $11.69/SF

− OpEx

−$13.9K −$3.51/SF

NOI

$32.5K $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%

$649,260

Cap Rate 7%

$463,757

Cap Rate 9%

$360,700

Alternative Uses

Best Use

Multifamily LT 5

$463.8K

$405.8K – $541.1K (±1% cap)

NOI $32,463 @ 7.0% cap · market cap 7.23%

Second Best

Apartment 5plus

$417.7K

$365.5K – $487.3K (±1% cap)

NOI $29,240 @ 7.0% cap · market cap 6.51%

Theoretical Best

Office A

$826.4K

$723.1K – $964.2K (±1% cap)

NOI $57,851 @ 7.0% cap · market cap 12.88%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Daycare Center (Bike/Boat/Book/etc) Store Home Appliance Store Butcher Storage Facility Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

896

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

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

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Frequently Asked Questions

What type of property is this?

Triplex - Three residences offer distinct bedroom counts, private entrances, and access to outdoor areas.

Where is this triplex located?

The property is located at 901-903 E Evans Ave Pueblo, CO.

What is the asking price?

The asking price for this property is $449,000.

What are key features of this property?

This property features: Three units: 1‑bedroom/1‑bath, 2‑bedroom/1‑bath, and 3‑bedroom/1‑bath; 3,966‑square‑foot triplex built in 1903; Four storage rooms; any conversion is subject to approvals and buyer verification