Renovated Four-Unit Townhome
81 Castle Royal Dr 87 Pueblo, CO 81005
For Sale
$595,000
Turnkey quadplex with private fenced patios, in-unit laundry hookups, and recent exterior and interior upgrades.
Property Size3,808 SF
Price / SF$156.25
Days on Market43
Property Features for 81 Castle Royal Dr 87
General Information
Standard status
Active
Size
3,808 SF
Property subtype
Investment
Building Details
Year Built
1980
Listing Agency:
Cushman & Wakefield
(719) 238-9074
Listed By:
Nic Polaski · License #100099164
(719) 238-9074
Source:
Elliman
Added: Jun 17
Changed: Jul 10
Last Checked: Jul 28 at 10:47AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cushman & Wakefield
Investment Insights
Based on property information with market context.
Castle Royal Townhomes is a four-unit townhome-style community built in 1980, totaling approximately 3,808 square feet. The property includes spacious two-bedroom, one-and-a-half-bathroom residences designed for privacy and functional living. Ownership has completed major capital improvements, including new flooring, fresh interior paint, updated bathrooms, a new roof, new double-pane vinyl windows, and fresh exterior paint. New swamp coolers serve all four units. Three of the four units underwent comprehensive interior renovations in 2026.
Each townhome offers private fenced patio space, individual washer and dryer hookups, and ample off-street parking. The community is set on a large lot that supports generous resident parking for multiple vehicles. The utility structure is straightforward: tenants are responsible for their own electricity, while ownership pays water, sewer, and trash.
For investors or buyers seeking a low-maintenance income property, Castle Royal Townhomes combines a residential rental configuration with recent upgrades across both the interior and exterior. The townhome layout and outdoor patio areas are practical differentiators for tenants who want dedicated space, while the defined utility responsibilities help maintain operational simplicity.
Each townhome offers private fenced patio space, individual washer and dryer hookups, and ample off-street parking. The community is set on a large lot that supports generous resident parking for multiple vehicles. The utility structure is straightforward: tenants are responsible for their own electricity, while ownership pays water, sewer, and trash.
For investors or buyers seeking a low-maintenance income property, Castle Royal Townhomes combines a residential rental configuration with recent upgrades across both the interior and exterior. The townhome layout and outdoor patio areas are practical differentiators for tenants who want dedicated space, while the defined utility responsibilities help maintain operational simplicity.
Key Highlights
- Four‑unit townhome community built in 1980, totaling approximately 3,808 SF
- Extensive upgrades completed, including new roof, double‑pane vinyl windows, and new exterior paint
- 2026 interior renovations planned/completed for 3 of 4 units, including new flooring, fresh interior paint, and updated bathrooms
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
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Turnkey quadplex with private fenced patios, in-unit laundry hookups, and recent exterior and interior upgrades.
Where is this quadplex located?
The property is located at 81 Castle Royal Dr 87 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: Four‑unit townhome community built in 1980, totaling approximately 3,808 SF; Extensive upgrades completed, including new roof, double‑pane vinyl windows, and new exterior paint; 2026 interior renovations planned/completed for 3 of 4 units, including new flooring, fresh interior paint, and updated bathrooms
