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$189,900 New to Website
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Property Description
Presenting a rare investment opportunity featuring a beautifully remodeled investment property accompanied by a fully renovated cottage. Both designed to deliver strong, stable rental income with secured 24 month lease terms in place. Each unit has undergone extensive upgrades within the past year, showcasing modern LVP flooring, fresh interior and exterior paint, new roof, updated countertops, brand new cabinetry, and upgraded appliances; creating a turnkey asset with minimal deferred maintenance. Both residences offer private fenced yards- an increasingly south after amenity that enhances tenant satisfaction and long term retention. The thoughtful renovations and functional layouts position these units at the top of their respective rental markets, attracting quality tenants and supporting consistent occupancy. This is a truly exceptional income producing property offering an unmatched cap rate and immediate cash flow, making it an ideal addition to any investors portfolio seeking both performance and stability.
Full Property Details
Full Property Details for 1516 E Routt Ave
General
- Price: $189,900
- Taxes: $875 (2025)
- Status: Active
- Type: Duplex
- Source: Pueblo_Association_of_Realtors_PAR
- MLS ID: 237268
- Updated: 2/26/2026
- Added to Site: 1 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 1
Parking
- Parking Features: No Garage
Location
- Area: South
- County: Pueblo
School Information
- School District: 60
Structural Information
- Architectural Style: Ranch
- Basement Desc.: No Basement
- Square Feet: 732
- Year Built: 1947
Unit Information
Unit 1
- Square Feet: 538
- Total Bathrooms: F
- Bedrooms: 1
Unit 2
- Square Feet: 200
- Total Bathrooms: F
Lot Features
- Lot Size (Acres): 0.14
- Lot Dimensions: 50 x 125
- Zoning: R-2
Financial Considerations
- Tax Amount: $875
- Tax Year: 2025
Listed by Buy Smart Colorado, Caleb Skelton
Get Pre-Approved Today
Schools
Schools serving 1516 E Routt Ave
School District:Pueblo City School District 60
| Name | Grades | Distance |
|---|---|---|
Minnequa Elementary School 1708 East Orman Avenue, Pueblo, CO 81004 | PK-5 | 0.4 mi |
Pueblo Academy of Arts 29 Lehigh Avenue, Pueblo, CO 81005 | 6-8 | 2.4 mi |
Central High School, Pueblo, CO 216 East Orman Avenue, Pueblo, CO 81004 | 9-12 | 1.1 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1516 E Routt Ave
Date
Details
Price
Change
Source
2/26/2026
Listed
$189,900
167.46%
MLS
12/06/2023
Sold
$71,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1516 E Routt Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$190
-1%
$1,860
-66%
2023
$192
-47%
$5,550
53%
2022
$360
-3%
$3,629
-3%
2021
$371
51%
$3,730
54%
2019
$245
36%
$2,422
22%
2018
$180
-1%
$1,982
—
2017
$181
-65%
$1,982
5%
2016
$513
200%
$1,886
—
2015
$171
-6%
$1,886
-7%
2013
$181
—
$2,018
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1516 E Routt Ave
1516 E Routt Ave, Pueblo, CO 81004 (MLS# 237268) is a Duplex property with 1 bedroom and 2 full bathrooms. 1516 E Routt Ave is currently listed for $189,900 and was received on February 26, 2026. Want to learn more about 1516 E Routt Ave? Do you have questions about finding other Duplex real estate for sale in Pueblo? You can browse all Pueblo real estate or contact a Coldwell Banker agent to request more information.

