$109,000
626 W Adams Ave, Pueblo, CO 81004
Investor Special: Main Home + ADU on Huge .39‑Acre Corner Lot
4 Bed · 2 Bath · 539 Sq Ft
Two-structure rehab opportunity with separate meters — sold AS-IS, cash offers only
4
Beds
2
Baths
539
Sq Ft
1905
Built
0.39 acres
Lot
No garage listed; potential to add
Garage
About 626 W Adams Ave
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.
Home Highlights
Property Features
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
Neighborhood & Location
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.
Market Insights
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.
Nearby Schools
Pueblo School District 60 (verify boundary)
District · Local
Bessemer Elementary (approx.)
Elementary · ≈ 0.5 - 1.5 mi (estimate)
Pueblo Central High School (approx.)
High · ≈ 1.0 - 2.0 mi (estimate)
Walkability & Recreation
Close access to neighborhood parks and walking routes; large private yard allows personal outdoor living and potential landscaping projects.
Investment Highlights
- Large corner lot (~0.39 acres) provides redevelopment flexibility.
- Attached ADU and separate utility meters increase rental conversion potential.
- Low entry price ($109,000) suited for investors and renovators.
- Central Pueblo location with access to downtown, services, and transit corridors.
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.
Things to Consider
- Major unknowns around structural integrity, roof, foundation and systems — inspection required.
- Cash-only sale limits pool of buyers and may reflect title/condition issues.
- Zoning/permitting constraints could limit certain redevelopment options without approvals.
Opportunity Analysis
Acquire a low-cost, distressed two-structure property on a large corner lot in central Pueblo, complete targeted renovations or rebuild one structure, then lease both units or resell after improvements. Upside derives from lot redevelopment potential and separated utilities that support dual tenancy.
Potential Use Scenarios
- Short-term: stabilize and cosmetically rehab one unit to create immediate rental revenue.
- Medium-term: complete full rehab to local rental standards and lease both units (or convert to duplex).
- Long-term: explore lot subdivision or construction of additional accessory dwelling / garage unit subject to city approvals to maximize lot value.
Risk Factors
- Unknown structural/soil issues that could inflate rehab costs.
- Potential permitting delays or restrictions on added dwelling units.
- Local rent levels and tenant demand may be modest, limiting cash flow.
Buyers should conduct independent due diligence before making any purchase decisions.
AI Valuation Estimate
Low
$85K
Midpoint
$108K
High
$130K
$199/SF estimated price per square foot
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.
As of 2026-03-13
This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.
Market & Area Data
Market Trends
Demographics
Pueblo has lower cost of living than larger Colorado metros. Household incomes are below state average; population growth is modest. Local market attracts value buyers and investors targeting rental demand.
Nearby Points of Interest
- Pueblo Downtown (approx 1.0 mi)
- Pueblo Community College (approx 2.5 mi)
Property sits on the near-west side of central Pueblo with walkable access to neighborhood businesses, basic grocery and service nodes, and city parks. Strong lot size gives redevelopment flexibility.
School District
Market data is based on aggregated public records and may not reflect real-time conditions.
Property Details
Building Details
Lot & Site
Utilities
Zoning & Land Use
Allowed Uses
Tax & Sale History
Tax Assessment
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