Four-Unit Townhome
For Sale
$595,000
81 Castle Royal Drive, Pueblo, CO 81005
MULTI_FAMILY - Pueblo, CO
Property Size3,808 SF
Lot Size0.33 Acres
Price / SF$156.25
Days on Market49
Property Features for 81 Castle Royal Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Elementary school district
Pueblo-60
Middle school district
Pueblo-60
High school district
Pueblo-60
Standard status
Active
Lot size
0.33 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2354
Utilities
Heating system
Baseboard
Cooling system
Evaporative Cooling
Amenities
private fenced patio areas
individual washer and dryer hookups
Building Details
Year built
1980
Listing Agency:
The Platinum Group
(719) 536-4444
Listed By:
Benjamin Kennedy SRES
(719) 536-4326
Added: Jun 18
Changed: Jul 28
Last Checked: Aug 5 at 5:06PM
MLS# 4927137
Copyright © 2026 elevateMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Castle Royal Townhomes is a four-unit townhome-style community built in 1980, offering spacious two-bedroom, one-and-a-half-bathroom layouts. The property totals approximately 3,808 square feet and features private fenced patio areas with individual washer and dryer hookups, along with ample off-street parking for residents. Ownership has completed significant capital improvements, including new flooring, fresh interior paint, updated bathrooms, and new swamp coolers serving all four units. Additional upgrades include a new roof, new double-pane vinyl windows, and fresh exterior paint. The comprehensive interior renovations are underway/complete for three of the four units in 2026.
Located at 81 Castle Royal Drive in Pueblo, Colorado, the community sits on a large lot (approximately 0.3284 acres), supporting resident parking needs. The utility setup is straightforward: tenants are responsible for electricity, while ownership pays water, sewer, and trash.
This configuration can be a practical fit for buyers seeking a renovated, low-maintenance four-unit rental property with townhome-style privacy, in-unit laundry hookups, and outdoor patio space. With recent building and unit-level improvements already in place, the asset offers a turnkey presentation for an operator looking to manage a small residential income community.
Located at 81 Castle Royal Drive in Pueblo, Colorado, the community sits on a large lot (approximately 0.3284 acres), supporting resident parking needs. The utility setup is straightforward: tenants are responsible for electricity, while ownership pays water, sewer, and trash.
This configuration can be a practical fit for buyers seeking a renovated, low-maintenance four-unit rental property with townhome-style privacy, in-unit laundry hookups, and outdoor patio space. With recent building and unit-level improvements already in place, the asset offers a turnkey presentation for an operator looking to manage a small residential income community.
Key Highlights
- 1980‑built four‑unit townhome‑style property totaling approx. 3,808 SF in Pueblo, CO
- All units have private fenced patio areas plus individual washer and dryer hookups
- Off‑street parking for multiple vehicles with ample parking capacity on a large lot
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $46.2k | $12.12 |
| − Vacancy | −$1.6k | −$0.43 |
| EGI | $44.5k | $11.69 |
| − OpEx | −$13.4k | −$3.51 |
| NOI | $31.2k | $8.19 |
3,808 SF · lease $12.12/SF/yr · vacancy 3.52% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$445.3K
$389.6K – $519.5K
NOI $31,170 @ 7.0% cap · market cap 5.24%
Second Best
Apartment 5plus
$401.1K
$350.9K – $467.9K
NOI $28,075 @ 7.0% cap · market cap 4.72%
Theoretical Best
Office A
$793.5K
$694.3K – $925.8K
NOI $55,546 @ 7.0% cap · market cap 9.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
444
Businesses Nearby
Explore this area
Business Placement
Demographics for 81005, CO
31,327
Population
13,578
Households
2.3
Avg Household Size
44
Median Age
26%
College-Educated
93%
High-School Grad
198.7 sq mi
ZIP Area
158
Density / Sq Mi
$67,500
Median Household Income
$45,198
Median Earnings
$990
Median Rent
$282,100
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Renovated quadplex with private fenced patios, in-unit washer/dryer hookups, and off-street parking for residents.
Where is this quadplex located?
The property is located at 81 Castle Royal Drive Pueblo, CO.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 1980‑built four‑unit townhome‑style property totaling approx. 3,808 SF in Pueblo, CO; All units have private fenced patio areas plus individual washer and dryer hookups; Off‑street parking for multiple vehicles with ample parking capacity on a large lot
