Updated Duplex with Attached
For Sale
$449,900
Pending
303 E Larchmont Dr, Pueblo West, CO 81007
Two tenant-occupied residences offer distinct layouts, separate utility metering, and flexible owner-occupant or investment use.
Property Size2,808 SF
Days on Market116
Property Features for 303 E Larchmont Dr
General Information
Standard status
Pending
Size
2,808 SF
Property subtype
Multi Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$1,949
Amenities
attached garages
detached storage building
low-maintenance rocked yard
Building Details
Year Built
1999
Listing Agency:
Colorado Realty 4 Less, LLC
(970) 531-7448
Listed By:
Kathleen Haas · License #ER100087561
(970) 531-7448
Source:
Exitrealty
Added: May 8
Changed: Aug 31
Last Checked: Aug 31 at 1:57AM
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 Colorado Realty 4 Less, LLC
Investment Insights
Based on property information with market context.
This 2,808-square-foot duplex, built in 1999, contains two three-bedroom, two-bath residences with different interior configurations. One unit provides three enclosed bedrooms, while the other includes a more open lower-level area that can function as a bedroom, office, or bonus room. Skylights bring additional daylight to the upper level, and both residences have oversized attached garages with 8-foot doors sized for full-size trucks. Each unit also has designated space within a detached storage building.
The property is currently occupied by tenants on month-to-month arrangements. Gas and electric service are separately metered, while the owner currently pays water and sewer. Recent improvements include a Class 4 CertainTeed NorthGate roof installed in October 2025, updated furnaces and central air systems completed in May 2020, and water heaters replaced in recent years. The duplex sits on a corner lot in an established Pueblo West neighborhood surrounded primarily by single-family homes, with a professionally maintained rocked yard.
The property is currently occupied by tenants on month-to-month arrangements. Gas and electric service are separately metered, while the owner currently pays water and sewer. Recent improvements include a Class 4 CertainTeed NorthGate roof installed in October 2025, updated furnaces and central air systems completed in May 2020, and water heaters replaced in recent years. The duplex sits on a corner lot in an established Pueblo West neighborhood surrounded primarily by single-family homes, with a professionally maintained rocked yard.
Key Highlights
- 2,808‑square‑foot duplex built in 1999
- Two 3 Bdr/2Ba units with distinct layouts
- Tenants occupy both units on a month‑to‑month basis
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
$22,903
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
5.09%
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%
$458,060
$458.1K
Cap Rate 7%
$327,186
$327.2K
Cap Rate 9%
$254,478
$254.5K
Market Conditions
NOI Build-Up for 2,808 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
$33.7K $12.00/SF
− Vacancy
−$977 −$0.35/SF
EGI
$32.7K $11.65/SF
− OpEx
−$9.8K −$3.50/SF
NOI
$22.9K $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%
$458,060
Cap Rate 7%
$327,186
Cap Rate 9%
$254,478
Alternative Uses
Best Use
Multifamily LT 5
$327.2K
$286.3K – $381.7K
NOI $22,903 @ 7.0% cap · market cap 5.09%
Second Best
Apartment 5plus
$274.2K
$239.9K – $319.9K
NOI $19,193 @ 7.0% cap · market cap 4.27%
Theoretical Best
Office A
$585.1K
$512.0K – $682.7K
NOI $40,959 @ 7.0% cap · market cap 9.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
279
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 - Two tenant-occupied residences offer distinct layouts, separate utility metering, and flexible owner-occupant or investment use.
Where is this duplex located?
The property is located at 303 E Larchmont Dr Pueblo West, CO.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: 2,808‑square‑foot duplex built in 1999; Two 3 Bdr/2Ba units with distinct layouts; Tenants occupy both units on a month‑to‑month basis
