Estimate anchored to list price ($109,000) and guided by small finished area (539 SF), large lot (.39 ac), and significant rehab needs. Adjusted range reflects frequent discounts for AS-IS, cash-only investor sales and upside from lot redevelopment/ADU completion.
Investor Special: Main Home + ADU on Huge .39‑Acre Corner Lot
This is a rare value proposition in central Pueblo: two separate structures (main home plus attached ADU) on a large, usable corner lot of approximately 0.39 acres. The seller reports separate gas and electric meters and individual washer/dryer hookups for each building — a practical advantage when converting to two rental units or preserving rental flexibility. Both structures will require a full remodel; the property is being sold AS-IS and the seller requests cash-only offers.
The combined finished area is compact at 539 square feet but the oversized lot transforms the investment case. Use the expansive yard for an added structure, detached garage, parking pad, garden and private outdoor space, or expand the existing buildings to capture greater square footage and market rent. The layout currently lists four bedrooms and two bathrooms across the two units — a configuration that supports immediate rental or owner-occupant-plus-rental scenarios after renovation.
Located on W Adams Ave in the near-west side of Pueblo, the property offers walkable access to neighborhood services and easy routes to downtown, schools, and regional connectors. This is a hands-on investor project: bring a contractor, a clear budget, and a feasibility plan. With successful renovation or selective redevelopment, buyers can unlock substantial upside relative to the low entry price.
Showings by appointment. Property is sold in AS-IS condition; confirm financing options prior to offer submission. Cash buyers preferred. Contact listing agent Magali Fredrick for details and to schedule a viewing.
A 1905 traditional on 0.39 acres.
Building
Site & utilities
West Side / Near Downtown (approximate)
Researched nearby locations
Location
626 W Adams Ave, Pueblo, CO 81004
This property sits on the near-west side of central Pueblo — a mixed residential neighborhood with an older housing stock, modest lot sizes interspersed with occasional larger parcels, and a community-oriented feel. The area provides convenient access to downtown Pueblo, local schools, small retailers, and parks. Buyers will find a balance between urban convenience and value-oriented housing options.
Close access to neighborhood parks and walking routes; large private yard allows personal outdoor living and potential landscaping projects.
A factual market snapshot around 626 W Adams Ave.
Pueblo’s market remains one of Colorado’s more affordable entry points. Median home prices in the city are well below Denver and Colorado Springs, attracting local owner-occupiers and small-scale investors. Over the past year, appreciation has been modest (low single digits), and inventory levels have stabilized — buyer activity favors move-in-ready homes, while distressed or AS-IS properties like this one trade at significant discounts. This property’s low acquisition price and large lot create an attractive risk-reward profile for buyers with renovation capabilities. Expect a longer marketing window for full rehab projects versus turnkey listings, and price negotiation power for cash investors who can close quickly.
Likely residential single-family / low-density multifamily zone (city zoning commonly R-1/R-2 in similar neighborhoods). ADU and duplex conversion may be possible subject to local code and permit approvals.
Zoning
Research-indicated uses
- Single Family Residence
- Accessory Dwelling (Likely Allowed/In Cases With Permit)
- Potential Duplex/Rental Conversion Subject To Zoning And Permits
What the research supports — and what is still worth verifying.
Key findings
- Property contains two structures with combined 539 SF, 4 beds / 2 baths (per listing).
- Built in 1905; requires full remodel — sold AS-IS, cash-only per listing.
- Lot size 16,988 SF (approx 0.3899 acres) is an outsized asset relative to the small building footprint.
- Separate gas/electric meters claimed — simplifies split-rent strategy if verified.
- Listed price per SF reported at approximately $202 based on provided data; actual post-rehab price per SF would vary significantly.
What stands out about this property.
Interior Features
- Combined finished area: 539 sq ft (main + ADU)
- 4 bedrooms and 2 bathrooms (across both structures)
- Washer/dryer hookups in each building (seller-reported)
- Separate gas and electric meters for each structure (seller-reported)
- Full remodel required — ideal for investor renovation
Exterior & Lot
- Corner lot of ~0.39 acres (16,988 SF)
- Large yard with room for expansion, detached garage or ADU
- Street access on a quiet residential block
- Opportunity for additional off-street parking or courtyard
Location & Neighborhood
- Near downtown Pueblo (approximately 1 mile)
- Short drives to local shopping, dining and services
- Located in Pueblo School District 60
- Strong lot-based redevelopment potential in a central neighborhood
Walkability & Recreation
- Walkability Rating: 65/100
- Nearby parks, neighborhood amenities and community services
- Easy vehicle access to regional routes and central Pueblo
Sources & research confidence.
See where the property research came from and how confidence varies by field.