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3551 Baltimore Ave 7 Unit Apartment Building $1,349,946 CAD ($192,849 CAD/Unit) 8.20% Cap Rate Pueblo, CO 81008
Executive Summary
3551 Baltimore Avenue presents an outstanding opportunity to acquire a well-maintained seven-unit multifamily apartment community in one of Pueblo’s established residential neighborhoods. Built in 1974 and encompassing 6,784 square feet, the property offers a desirable unit mix featuring (3) 1BD/1BA, (3) 2BD/1BA and (1) 4BD/2BA units, 10 off-street parking spaces, coin operated laundry and an attractive investment profile for buyers seeking stable cash flow with long-term appreciation potential. Current ownership has undergone extensive renovations with new floorings, painting, lighting, and kitchen and bathroom remodels. The property’s location provides residents with convenient access to major employers, retail centers, restaurants, schools, parks, and US Highway 50, creating strong appeal for a broad tenant base. The surrounding northwest Pueblo area continues to benefit from steady economic activity driven by healthcare, education, manufacturing, and regional commerce, supporting long-term rental demand. The combination of a desirable location, functional amenities, and manageable seven-unit scale makes 3551 Baltimore Avenue a compelling multifamily investment in Southern Colorado.
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- Offering Memorandum
Property Facts
| Price | $1,349,946 CAD | Building Class | C |
| Price Per Unit | $192,849 CAD | Lot Size | 0.29 AC |
| Sale Type | Investment | Building Size | 6,376 SF |
| Cap Rate | 8.20% | Average Occupancy | 88% |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1974/2025 |
| Property Subtype | Apartment | Parking Ratio | 0.16/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R-5 | ||
| Price | $1,349,946 CAD |
| Price Per Unit | $192,849 CAD |
| Sale Type | Investment |
| Cap Rate | 8.20% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.29 AC |
| Building Size | 6,376 SF |
| Average Occupancy | 88% |
| No. Stories | 2 |
| Year Built/Renovated | 1974/2025 |
| Parking Ratio | 0.16/1,000 SF |
| Zoning | R-5 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | 600 |
| 2+1 | 3 | - | 800 |
| 4+2 | 1 | - | 1,500 |
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Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 0-5-14-4-24-001 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $65,170 CAD |
Property Taxes
Parcel Number
0-5-14-4-24-001
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$65,170 CAD
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3551 Baltimore Ave
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