Updated Duplex with Mountain
For Sale
$590,000
290 292 W Palomar Bay, Pueblo West, CO 81007
Occupied side-by-side residences feature open layouts, attached garages, and low-maintenance rocked landscaping.
Property Size2,968 SF
Price / SF$198.79
Days on Market291
Property Features for 290 292 W Palomar Bay
General Information
Standard status
Active
Size
2,968 SF
Property subtype
Multi Family
Occupancy
100%
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Parking per Unit
2
Additional Details
Average Monthly Rent
$2,300
Taxes and HOA fees
Annual Taxes
$193
Building Details
Year Built
2025
Tenancy
Multi
Listing Agency:
RE/MAX Of Pueblo Inc
(719) 369-8487
Listed By:
Brooke Jones · License #100100868
(719) 369-8487
Source:
Exitrealty
Added: Nov 13, 2025
Changed: Aug 30
Last Checked: Aug 30 at 3:36PM
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 2025-built duplex contains two side-by-side residences totaling 2,968 square feet. Each home offers three bedrooms, two baths, an open-concept living area, a connected kitchen, walk-in closets, and an en-suite primary bath. New flooring, fresh paint, included appliances, and an attached two-car garage support straightforward occupancy and daily use.
Located at 290 and 292 W. Palomar Bay in Pueblo West, the property includes rocked landscaping and mountain views. Both residences have established tenants and a documented rental history, providing an occupied duplex configuration for an investor or owner seeking separate living spaces.
Located at 290 and 292 W. Palomar Bay in Pueblo West, the property includes rocked landscaping and mountain views. Both residences have established tenants and a documented rental history, providing an occupied duplex configuration for an investor or owner seeking separate living spaces.
Key Highlights
- Two‑unit duplex with 3 bedrooms and 2 baths in each residence
- 2,968 SF total property size
- Built in 2025
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
$24,208
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
4.10%
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%
$484,160
$484.2K
Cap Rate 7%
$345,829
$345.8K
Cap Rate 9%
$268,978
$269.0K
Market Conditions
NOI Build-Up for 2,968 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
$35.6K $12.00/SF
− Vacancy
−$1.0K −$0.35/SF
EGI
$34.6K $11.65/SF
− OpEx
−$10.4K −$3.50/SF
NOI
$24.2K $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%
$484,160
Cap Rate 7%
$345,829
Cap Rate 9%
$268,978
Alternative Uses
Best Use
Multifamily LT 5
$345.8K
$302.6K – $403.5K
NOI $24,208 @ 7.0% cap · market cap 4.10%
Second Best
Apartment 5plus
$289.8K
$253.6K – $338.1K
NOI $20,287 @ 7.0% cap · market cap 3.44%
Theoretical Best
Office A
$618.5K
$541.2K – $721.6K
NOI $43,293 @ 7.0% cap · market cap 7.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
42
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Occupied side-by-side residences feature open layouts, attached garages, and low-maintenance rocked landscaping.
Where is this duplex located?
The property is located at 290 292 W Palomar Bay Pueblo West, CO.
What is the asking price?
The asking price for this property is $590,000.
What are key features of this property?
This property features: Two‑unit duplex with 3 bedrooms and 2 baths in each residence; 2,968 SF total property size; Built in 2025
