81 Castle Royal Drive, Pueblo, CO 81005
MULTI_FAMILY - Pueblo, CO
- Added:
- Jun 18, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 20 at 11:06 am
Property Features for 81 Castle Royal Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- 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
Building Details
- Year built
- 1980
Listing agent Benjamin Kennedy SRES (719) 536-4326
Listing office The Platinum Group 6760 Corporate Dr. Ste. 300, Colorado Springs, CO (719) 536-4444
Listing date Jun 18, 2026
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.
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
- Renovations include new roof, new double‑pane vinyl windows, fresh interior and exterior paint, and updated bathrooms
- Cooling: evaporative cooling with new swamp coolers serving all four units
- Tenant utility setup: tenants pay electricity; owner pays water, sewer, and trash
Overview
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.
Local 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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Pueblo
- County
- Pueblo
- State
- Colorado
- Longitude
- -104.667043
- Latitude
- 38.238314
