Belmont Area Fourplex
167 Bonnymede Rd Pueblo, CO 81001
For Sale
$460,000
Fourplex with four units in fair condition, with owner-paid water and trash and tenant-paid electric and gas.
Property Size2,023 SF
Price / SF$227.39
Days on Market163
Property Features for 167 Bonnymede Rd
General Information
- Standard status
- Active
- Size
- 2,023 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1970
Listing Agency:
RE/MAX Of Pueblo Inc
(719) 569-2888
Listed By:
Larry Turner · License #Ea40004597
(719) 569-2888
Source:
Exitrealty
Added: Feb 11
Changed: Jul 23
Last Checked: Jul 24 at 6:51AM
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 RE/MAX Of Pueblo Inc
Investment Insights
Based on property information with market context.
This fourplex offers four residential units, all described as being in fair condition. The property is structured so that the owner pays for water and trash, while tenants are responsible for electric and gas.
The asset is located in the Belmont area, at 167 Bonnymede Rd in Pueblo, CO 81001.
As a residential income property, the building’s current expense split between owner and tenants is a key operational consideration for prospective buyers.
The asset is located in the Belmont area, at 167 Bonnymede Rd in Pueblo, CO 81001.
As a residential income property, the building’s current expense split between owner and tenants is a key operational consideration for prospective buyers.
Key Highlights
- Fourplex with four units in the Belmont area
- Year built: 1970
- All units reported in fair condition
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Fourplex with four units in fair condition, with owner-paid water and trash and tenant-paid electric and gas.
Where is this quadplex located?
The property is located at 167 Bonnymede Rd 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 with four units in the Belmont area; Year built: 1970; All units reported in fair condition
