Belmont Area Fourplex Investment
167 Bonnymede Pueblo, CO 81001
For Sale
$460,000
MULTI_FAMILY - Pueblo, CO
Property Size2,023 SF
Lot Size2.79 Acres
Price / SF$227.39
Days on Market56
Property Features for 167 Bonnymede
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-5
Bedrooms
8
Bathrooms
4
Rooms
Bedroom 5, Bedroom 4, Bathroom 3, Bedroom 8, Bedroom 7, Bathroom 1, Bedroom 2, Bathroom 2, Bathroom 4, Bedroom 1, Bedroom 6, Bedroom 3
Parking features
On Street
Appliances
Dishwasher-All, Refrigerator-All, Electric Range-All, Washer-All, Dryer-All, Electric Cooktop-All
Standard status
Active
APN
418407008
Size
2,023 SF
Lot size
2.79 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
LOT 8 BLK 403 BELMONT 41ST
Tax Annual Amount
2291
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Wall Unit(s)
Water source
Public
Building Details
Year built
1970
Floors in Building
2
Number of units
4
Building materials
Frame, Stucco, Copper Plumbing
Roof type
Composition
Listing Agency:
RE/MAX Of Pueblo Inc
(719) 546-1717
Listed By:
Larry Turner · License #EA40004597
(719) 569-2888
Added: Jun 4
Changed: Jul 29
Last Checked: Jul 29 at 10:06PM
MLS# 236887
Copyright © 2026 Pueblo Association of Realtors. 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.
Located in the Belmont area, this multifamily property is a fourplex. The property, zoned R-5, offers an investment opportunity with all units in fair condition. The building has a property size of 2023 square feet and is situated on a lot of 2.786 acres. The owner is responsible for water and trash services, while tenants cover the costs of electric and gas.
Key Highlights
- Fourplex in the Belmont area
- Year built 1970
- Public water and public sewer
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 | $24.5k | $12.12 |
| − Vacancy | −$863 | −$0.43 |
| EGI | $23.7k | $11.69 |
| − OpEx | −$7.1k | −$3.51 |
| NOI | $16.6k | $8.19 |
2,023 SF · lease $12.12/SF/yr · vacancy 3.52% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$236.6K
$207.0K – $276.0K
NOI $16,559 @ 7.0% cap · market cap 3.60%
Second Best
Apartment 5plus
$213.1K
$186.4K – $248.6K
NOI $14,915 @ 7.0% cap · market cap 3.24%
Theoretical Best
Office A
$421.6K
$368.9K – $491.8K
NOI $29,509 @ 7.0% cap · market cap 6.42%
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 - Fourplex in fair condition, a good investment opportunity.
Where is this quadplex located?
The property is located at 167 Bonnymede Pueblo, CO.
What is the asking price?
The asking price for this property is $460,000.
What are key features of this property?
This property features: Fourplex in the Belmont area; Year built 1970; Public water and public sewer
