Pueblo West Duplex Investment
For Sale
$519,900
223 W Harmony Dr, Pueblo West, CO 81007
MULTI_FAMILY - Ranch - Pueblo West, CO
Property Size3,290 SF
Lot Size0.23 Acres
Price / SF$158.02
Days on Market100
Property Features for 223 W Harmony Dr
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Zoning
R-3
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bedroom 4, Bedroom 6, Bathroom 2, Bedroom 1, Bathroom 4, Bedroom 3, Bathroom 3, Bedroom 2, Bedroom 5
Parking
2
Parking features
Open, Garage - Attached
Window features
Vinyl Frames, Double Pane Windows
Patio and Porch features
Patio
Interior features
New Paint, Vaulted Ceiling(s), Walk-In Closet(s), Walk-in Shower
Fireplace
1
Basement
Crawl Space
Appliances
Dishwasher-All, Refrigerator-All, Electric Range-All, Microwave Built-In-All
Subdivision
Pueblo West East
Elementary school
70
Middle school
70
High school
70
Standard status
Active
APN
614303001
Size
3,290 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
LOT 3 BLK2 TR348 PUBELO WEST
Tax Annual Amount
3293
Legal Description
LOT 3 BLK2 TR348 PUBELO WEST
Utilities
Heating system
Natural Gas, Forced Air
Building Details
Year built
2024
Number of units
2
Building materials
Frame, Stucco, Copper Plumbing, Plastic Plumbing
Roof type
Composition
Architectural style
Ranch
Listing Agency:
Tri-County Realty
(719) 553-9387
Listed By:
Gerald Burns
(719) 553-9387
Added: Apr 22
Changed: Jul 12
Last Checked: Jul 30 at 9:06PM
MLS# 238490
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 multifamily property in Pueblo West, Colorado, presents a great investment opportunity. The property consists of a duplex, with each unit offering 1385 square feet of living space. Each unit also includes a 260 square foot garage. The units feature stainless steel kitchen refrigerators, electric ranges, and dishwashers. Granite countertops and ceramic tile are installed in both bathrooms. The great room features luxury vinyl plank flooring, while the bedrooms are carpeted. The property is located on a lot of 0.234 acres. The total property size is 3290 square feet. Zoned R-3, this residential income property offers flexibility for various investment strategies.
Key Highlights
- 2024‑built ranch‑style property with forced air natural gas heating
- Duplex setup: each side offers 1,385 sq ft of living space plus a 260 sq ft garage for the unit
- Interior features include vaulted ceilings and walk‑in closets; walk‑in shower included
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 | $39.5k | $12.00 |
| − Vacancy | −$1.1k | −$0.35 |
| EGI | $38.3k | $11.65 |
| − OpEx | −$11.5k | −$3.50 |
| NOI | $26.8k | $8.16 |
3,290 SF · lease $12.00/SF/yr · vacancy 2.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$383.4K
$335.4K – $447.3K
NOI $26,835 @ 7.0% cap · market cap 5.16%
Second Best
Apartment 5plus
$321.3K
$281.1K – $374.8K
NOI $22,488 @ 7.0% cap · market cap 4.33%
Theoretical Best
Office A
$685.6K
$599.9K – $799.8K
NOI $47,990 @ 7.0% cap · market cap 9.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
67
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 - Duplex in Pueblo West, Colorado, ideal for investment or owner-occupancy.
Where is this duplex located?
The property is located at 223 W Harmony Dr Pueblo West, CO.
What is the asking price?
The asking price for this property is $519,900.
What are key features of this property?
This property features: 2024‑built ranch‑style property with forced air natural gas heating; Duplex setup: each side offers 1,385 sq ft of living space plus a 260 sq ft garage for the unit; Interior features include vaulted ceilings and walk‑in closets; walk‑in shower included
