224 - 228 3rd St, Pueblo, CO 81003
224 - 228 3rd St, Pueblo, CO 81003
224 - 228 3rd St, Pueblo, CO 81003
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The Pena Team

The Pena Team

+1(719) 204-5246
$998,500
Est. payment /mo
6 Beds
9 Baths
9,000 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 9,000 sqft

Price per Sqft $110

Subdivision Union Historical

MLS Listing ID 236543

Bedrooms 6

Year Built 1900

Annual Tax Amount $3,213

Lot Size 6,011 Sqft

Property Sub-Type Multi Family

Property Description

Welcome to this incredible mixed-use investment opportunity located in the heart of Historic Downtown Pueblo, with a 8% CAP. Just steps from the Arkansas Riverwalk, shopping, dining, entertainment, and all that downtown living has to offer. This unique income-producing property offers approximately 9,000 square feet of total rentable space, including approximately 2,000 square feet of commercial storefront space that has operated as a beauty college since 1946. The upper level has five apartments consisting of 3-2-bedroom units and 1-2 bedroom. Main floor has 2-2 bed units The residential units currently generate $7,100 per month in rental income alone. In addition, the owner is willing to guarantee $2,500 per month in commercial lease income for one full year, creating immediate stabilized income potential for investors and owner-operators alike. Major improvements include a new roof installed in 2022 and extensive remodeling completed between 2021–2022, featuring four off-street parking spaces, abundant on-street parking, and a paid city parking garage conveniently located directly across the street. Positioned directly across from the bus station and the Pueblo Bulls Ice Hockey Arena, this prime downtown location offers excellent visibility, accessibility, and long-term investment upside. Whether you are looking to expand your portfolio, operate a business, or invest in a stabilized mixed-use asset with strong rental income, this rare downtown Pueblo gem is a must have.

Location

State CO

County Pueblo

Area South

Zoning B-4

Interior

Interior Features New Paint, Ceiling Fan(s), Walk-In Closet(s)

Heating Natural Gas, Forced Air, Wall Furnace

Cooling Wall Unit, Central Air

Flooring New Floor Coverings, Hardwood

Fireplaces Type Wood Stove-None, None, Pellet-None

Fireplace Yes

Appliance Dishwasher-Some, Garbage Disposal-Some, Refrigerator-All, Gas Range-Some, Microwave Built-In-Some, Washer-Some, Dryer-Some, Gas Cooktop-Some, Electric Cooktop-Some, Built-in Oven-None

Laundry W/D Hookups in Some Units

Exterior

Exterior Feature Outdoor Lighting-Rear

Parking Features No Garage, On Site, On Street, Other-See Remarks

Utilities Available Current Internet Provider: none

View Y/N No

Roof Type Flat,Rubber,Other

Garage No

Private Pool No

Building

Lot Description Corner Lot

Story Two

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

Level or Stories Two

Schools

School District D-60

Others

Acceptable Financing Cash, Conventional, Owner Will Carry

Listing Terms Cash, Conventional, Owner Will Carry

Special Listing Condition Standard

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Listed by Chris Pisciotta Keller Williams Performance Realty

Nearby Locations

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The Pena Team

The Pena Team

+1(719) 204-5246

Client Services License ID: FA 040013755

Client Services License ID: FA 040013755

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