Furnished Duplex with Attached
For Sale
Under Contract
$420,000
219-221 W Harmony Dr, Pueblo West, CO 81007
MULTI_FAMILY - Ranch - Pueblo West, CO
Property Size2,008 SF
Lot Size0.28 Acres
Price / SF$209.16
Days on Market55
Property Features for 219-221 W Harmony Dr
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-3
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 4, Bedroom 3, Bedroom 2, Bathroom 2, Bathroom 1
Parking
2
Parking features
Garage - Attached
Window features
Vinyl Frames
Interior features
Ceiling Fan(s)
Fencing
Fenced
Appliances
Dishwasher-All, Refrigerator-All, Microwave Built-In-All, Washer-All, Dryer-All
Subdivision
Pueblo West East
Lot features
Rock- Rear, Trees- Rear, Rock- Front, Trees- Front
Elementary school
70
Middle school
70
High school
70
Standard status
Active Under Contract
APN
0614303002
Size
2,008 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 6 BLK 2 TR 348 PUEBLO WEST
Tax Annual Amount
1951
Legal Description
LOT 6 BLK 2 TR 348 PUEBLO WEST
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Water source
Public
Amenities
fully furnished
washer and dryer
Building Details
Year built
1997
Number of units
2
Building materials
Frame, Stucco
Roof type
Composition
Architectural style
Ranch
Listing Agency:
Keller Williams Performance Realty · Keller Williams Realty
(719) 583-1100
Listed By:
Amber Galassini · License #100092855
(719) 248-4121
Added: Jul 1
Changed: Aug 3
Last Checked: Aug 24 at 2:06AM
MLS# 240898
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.
This furnished duplex on a fenced lot is set up for turnkey rental or owner-occupancy with rental income. Each side features a living room, a fully equipped kitchen with a dining area, two bedrooms, and one full bathroom. Convenience items included for each unit include a washer and dryer. Heating is provided by natural gas forced air, and the interior features ceiling fans.
The property includes frame and stucco construction with a composition roof and has an attached garage configuration, with private one-car garages for each side. Utilities are supplied via public water and public sewer.
Set in Pueblo West, the duplex is zoned R-3 and was built in 1997. The lot size is 0.28 acres, and the property size totals 2,008 square feet.
The property includes frame and stucco construction with a composition roof and has an attached garage configuration, with private one-car garages for each side. Utilities are supplied via public water and public sewer.
Set in Pueblo West, the duplex is zoned R-3 and was built in 1997. The lot size is 0.28 acres, and the property size totals 2,008 square feet.
Key Highlights
- Furnished duplex ready for move‑in or rental, with everything staying
- Two bedrooms and one full bath per side, plus washer and dryer in each unit
- Private one‑car attached garages for each side
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,378
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.90%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$327,560
$327.6K
Cap Rate 7%
$233,971
$234.0K
Cap Rate 9%
$181,978
$182.0K
Market Conditions
NOI Build-Up for 2,008 SF
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.
Gross rent
$24.1K $12.00/SF
− Vacancy
−$699 −$0.35/SF
EGI
$23.4K $11.65/SF
− OpEx
−$7.0K −$3.50/SF
NOI
$16.4K $8.16/SF
Area
Pueblo County, CO
Vacancy
2.90%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$327,560
Cap Rate 7%
$233,971
Cap Rate 9%
$181,978
Alternative Uses
Best Use
Multifamily LT 5
$234.0K
$204.7K – $273.0K
NOI $16,378 @ 7.0% cap · market cap 3.90%
Second Best
Apartment 5plus
$196.1K
$171.6K – $228.8K
NOI $13,725 @ 7.0% cap · market cap 3.27%
Theoretical Best
Office A
$418.4K
$366.1K – $488.2K
NOI $29,290 @ 7.0% cap · market cap 6.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
70
Businesses Nearby
Explore this area
Business Placement
Demographics for 81007, CO
33,263
Population
12,678
Households
2.6
Avg Household Size
42
Median Age
31%
College-Educated
93%
High-School Grad
136.5 sq mi
ZIP Area
244
Density / Sq Mi
$95,419
Median Household Income
$50,572
Median Earnings
$1,319
Median Rent
$371,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - R-3 duplex on a fenced lot with two bedrooms per side, each with washer and dryer, plus attached one-car garage parking.
Where is this duplex located?
The property is located at 219-221 W Harmony Dr Pueblo West, CO.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: Furnished duplex ready for move‑in or rental, with everything staying; Two bedrooms and one full bath per side, plus washer and dryer in each unit; Private one‑car attached garages for each side
