Four-Unit Multifamily
For Sale
$525,000
2-8 Alan Shepard Rd, Pueblo, CO 81001
Residential Income, Pueblo, CO
Property Size5,654 SF
Lot Size0.20 Acres
Price / SF$92.85
Days on Market50
Property Features for 2-8 Alan Shepard Rd
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
R-5
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 6, Bathroom 3, Bathroom 4, Bedroom 1, Bathroom 1, Bedroom 3, Bedroom 5, Bathroom 2, Bedroom 4, Bedroom 7, Bedroom 8, Bedroom 2
Window features
Vinyl Frames
Appliances
Dishwasher-All, Refrigerator-All, Electric Range-All
Subdivision
Belmont
Elementary school
60
Middle school
60
High school
60
Standard status
Active
APN
418411001
Size
5,654 SF
Lot size
0.20 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2024
Tax Description
LOT 1 + WLY 10 FT OF 2 BLK 215 BELMONT 23RD
Tax Annual Amount
2488
Legal Description
LOT 1 + WLY 10 FT OF 2 BLK 215 BELMONT 23RD
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Water source
Public
Building Details
Year built
1970
Floors in Building
2
Number of units
4
Building materials
Frame, Brick, Stucco, Copper Plumbing
Roof type
Composition
Listing Agency:
eXp Realty, LLC
(888) 440-2724
Listed By:
Dan Fortune
(720) 515-9022
Added: Sep 10
Changed: Oct 28
Last Checked: Oct 29 at 3:06AM
MLS# 242225
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.
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Investment Insights
Based on property information with market context.
This 5,654-square-foot multifamily property contains four residential units, each configured with two bedrooms and one bathroom. The units are fully leased and professionally managed, with dedicated parking provided for residents. Interior equipment includes dishwashers, refrigerators, and electric ranges. Forced-air natural gas heating serves the building, while frame, brick, and stucco construction, copper plumbing, and a composition roof are among the property’s physical features.
Built in 1970, the property occupies 0.198 acres and carries R-5 zoning. Public water and public sewer serve the site. The address is in Pueblo, near Colorado State University-Pueblo, parks, shopping, and major employers.
Built in 1970, the property occupies 0.198 acres and carries R-5 zoning. Public water and public sewer serve the site. The address is in Pueblo, near Colorado State University-Pueblo, parks, shopping, and major employers.
Key Highlights
- Four residential units, each with 2 bedrooms and 1 bathroom
- 5,654 square feet on a 0.198‑acre parcel
- All units are fully leased and professionally managed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,280
Cap Rate
8.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$925,600
$925.6K
Cap Rate 7%
$661,143
$661.1K
Cap Rate 9%
$514,222
$514.2K
Market Conditions
NOI Build-Up for 5,654 SF
Gross rent
$68.5K $12.12/SF
− Vacancy
−$2.4K −$0.43/SF
EGI
$66.1K $11.69/SF
− OpEx
−$19.8K −$3.51/SF
NOI
$46.3K $8.19/SF
Area
Pueblo, CO
Vacancy
3.52%
Lease Rate
$12.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$925,600
Cap Rate 7%
$661,143
Cap Rate 9%
$514,222
Alternative Uses
Best Use
Multifamily LT 5
$661.1K
$578.5K – $771.3K
NOI $46,280 @ 7.0% cap · market cap 8.82%
Second Best
Apartment 5plus
$595.5K
$521.1K – $694.8K
NOI $41,685 @ 7.0% cap · market cap 7.94%
Theoretical Best
Office A
$1.18M
$1.03M – $1.37M
NOI $82,473 @ 7.0% cap · market cap 15.71%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
295
Businesses Nearby
Explore this area
Business Placement
Demographics for 81001, CO
31,107
Population
13,651
Households
2.3
Avg Household Size
37
Median Age
21%
College-Educated
88%
High-School Grad
32.0 sq mi
ZIP Area
972
Density / Sq Mi
$47,086
Median Household Income
$35,204
Median Earnings
$1,027
Median Rent
$208,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Fully leased residential asset with two-bedroom floor plans, dedicated parking, and professional management in place.
Where is this quadplex located?
The property is located at 2-8 Alan Shepard Rd Pueblo, CO.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Four residential units, each with 2 bedrooms and 1 bathroom; 5,654 square feet on a 0.198‑acre parcel; All units are fully leased and professionally managed
