Updated Duplex in Pueblo
For Sale
$590,000
290 292 W Palomar Bay, Pueblo West, CO 81007
MULTI_FAMILY - Ranch - Pueblo West, CO
Property Size2,968 SF
Lot Size0.40 Acres
Price / SF$198.79
Days on Market260
Property Features for 290 292 W Palomar Bay
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Zoning
R-3
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 5, Bedroom 3, Bedroom 6, Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 3, Bedroom 4, Bathroom 4
Parking
2
Parking features
Open, Carport
Window features
Double Pane Windows, Vinyl Frames
Patio and Porch features
Porch, Patio
Interior features
New Paint, Ceiling Fan(s), Walk-In Closet(s)
Fireplace
1
Appliances
Tankless/On Demand Water Heater, Dishwasher-All, Garbage Disposal-All, Refrigerator-All, Electric Range-All, Microwave Built-In-All
Subdivision
Pueblo West East
Elementary school
District 70
Middle school
District 70
High school
District 70
Standard status
Active
APN
623214010
Size
2,968 SF
Lot size
0.40 Acres
Taxes and HOA fees
Tax Year
195
Tax Description
LOT 5 BLK 1 TR 378 PUEBLO WEST
Tax Annual Amount
193
Legal Description
LOT 5 BLK 1 TR 378 PUEBLO WEST
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
2025
Number of units
2
Flooring type
New floor coverings
Building materials
Frame, Stucco, Plastic Plumbing
Roof type
Composition
Architectural style
Ranch
Listing Agency:
RE/MAX Of Pueblo Inc · RE/MAX International
(719) 546-1717
Listed By:
Brooke Jones · License #100100868
(719) 369-8487
Added: Nov 13, 2025
Changed: Jul 29
Last Checked: Jul 31 at 12:06AM
MLS# 235648
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.
Located in Pueblo West, Colorado, this property features two updated homes situated side-by-side. Each residence offers an open-concept living space with natural light, new flooring, and a kitchen that flows into the heart of the home. Each unit includes three bedrooms and two baths, with primary suites featuring walk-in closets and en-suite baths. Fresh paint, included appliances, and an attached two-car garage add ease to everyday living. The property includes clean, rocked landscaping and mountain views. Both sides already have established tenants, generating $2,300 per month per unit. The property is in turnkey condition and constructed with low-maintenance materials. The location is known for its stability, growth, and high demand for quality rentals. The property is zoned R-3 and sits on a 0.4-acre lot. The property size is 2968 square feet.
Key Highlights
- New‑build duplex at 290 & 292 W. Palomar Bay (year built 2025), with two residences side‑by‑side
- Each unit features 3 bedrooms and 2 bathrooms, including primary suite with walk‑in closet and en‑suite bath
- Established tenants in place; current rent is $2,300 per month per unit
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 | $35.6k | $12.00 |
| − Vacancy | −$1.0k | −$0.35 |
| EGI | $34.6k | $11.65 |
| − OpEx | −$10.4k | −$3.50 |
| NOI | $24.2k | $8.16 |
2,968 SF · lease $12.00/SF/yr · vacancy 2.90% · expense 30.00%
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
Multi-tenant
Tenancy
Turnkey business
Opportunity
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 - Two updated homes with established tenants in Pueblo West, Colorado.
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: New‑build duplex at 290 & 292 W. Palomar Bay (year built 2025), with two residences side‑by‑side; Each unit features 3 bedrooms and 2 bathrooms, including primary suite with walk‑in closet and en‑suite bath; Established tenants in place; current rent is $2,300 per month per unit
