Remodeled Fourplex Investment
608 Baystate Ave, Pueblo, CO 81004
MULTI_FAMILY - Pueblo, CO
Property size:
2,604 SFLot size:
0.13 AcresPrice / SF:
$153/SF- Added:
- Jun 1, 2026
- Days on Market:
- 14
- Last Refresh:
- Jun 14 at 12:06 pm
Property Features for 608 Baystate Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-3
- Bedrooms
- 3
- Bathrooms
- 5
- Rooms
- Bedroom 3, Bathroom 2, Bedroom 2, Bathroom 3, Bathroom 5, Bedroom 1, Bathroom 1, Bathroom 4
- Parking features
- On Street, Garage
- Window features
- Double Pane Windows, Single Pane Window(s), Vinyl Frames
- Interior features
- New Paint
- Basement
- Unfinished, Partial
- Appliances
- Refrigerator-All, Electric Cooktop-All
- Standard status
- Active
- APN
- 1512221017
- Size
- 2,604 SF
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LOTS 35 + 36 BLK 3 SUBURBAN LAND + INVESTMENT COMPANYS SUB
- Tax Annual Amount
- 1460
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Natural Gas
- Water source
- Public
Building Details
- Year built
- 1903
- Floors in Building
- 3
- Number of units
- 4
- Flooring type
- New floor coverings, Hardwood
- Building materials
- Frame, Stucco
- Roof type
- Composition
Listing agent Caleb Skelton (719) 216-4057
Listing office Buy Smart Colorado CO (719) 310-8464
Listing date Jun 1, 2026
MLS# 240321
Listing URL
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.
HighLights
- Remodeled 4‑unit multifamily generating $4,869/month in rental income (over $58,000 annual gross).
- Unit mix: two studio units, one 1 bed/1 bath, and one 2 bed/2 bath.
- Recent updates include new floor coverings, fresh interior paint, and updated appliances.
- Gas service is separately metered; owner currently pays water, electric, and trash.
- Heating available from electric and natural gas systems.
- Construction: frame with stucco; roof is composition; year built 1903.
Overview
This remodeled fourplex offers four rental units totaling 2,604 square feet on a 0.133-acre lot, zoned R-3. The unit mix includes two studio units, one 1 bed/1 bath, and one 2 bed/2 bath. Interior and appliance updates include new floor coverings, fresh interior paint, updated appliances, and white cabinetry, intended to reduce near-term capital needs. The property also features separately metered gas service, with the owner currently paying water, electric, and trash.
The building is located in Pueblo, CO 81004 at 608 Baystate Ave. Public remarks describe the property as conveniently positioned near shopping, dining, employment centers, and major transportation routes.
From an operator perspective, the broad tenant appeal created by the studio through 2-bedroom mix can help support occupancy across different household needs. The property is reported as fully leased and currently generating $4,869 per month in rental income, equating to more than $58,000 in annual gross income. For buyers seeking a renovated, income-producing four-unit multifamily property with established in-place revenue, this offering is presented as a turnkey option.
The building is located in Pueblo, CO 81004 at 608 Baystate Ave. Public remarks describe the property as conveniently positioned near shopping, dining, employment centers, and major transportation routes.
From an operator perspective, the broad tenant appeal created by the studio through 2-bedroom mix can help support occupancy across different household needs. The property is reported as fully leased and currently generating $4,869 per month in rental income, equating to more than $58,000 in annual gross income. For buyers seeking a renovated, income-producing four-unit multifamily property with established in-place revenue, this offering is presented as a turnkey option.
Local 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 | $31.6k | $12.12 |
| − Vacancy | −$1.1k | −$0.43 |
| EGI | $30.4k | $11.69 |
| − OpEx | −$9.1k | −$3.51 |
| NOI | $21.3k | $8.19 |
2,604 SF · lease $12.12/SF/yr · vacancy 3.52% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$304.5K
$266.4K – $355.3K
NOI $21,315 @ 7.0% cap · market cap 5.34%
Second Best
Apartment 5plus
$274.3K
$240.0K – $320.0K
NOI $19,199 @ 7.0% cap · market cap 4.81%
Theoretical Best
Office A
$542.6K
$474.8K – $633.1K
NOI $37,984 @ 7.0% cap · market cap 9.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Pueblo
- County
- Pueblo
- State
- Colorado
- Longitude
- -104.6176121
- Latitude
- 38.2386603
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Four updated rental units with studio through 2-bedroom layouts and separately metered gas service.
Where is this quadplex located?
The property is located at 608 Baystate Ave Pueblo, CO.
What is the asking price?
The asking price for this property is $399,500.
What are key features of this property?
This property features: Remodeled 4‑unit multifamily generating $4,869/month in rental income (over $58,000 annual gross).; Unit mix: two studio units, one 1 bed/1 bath, and one 2 bed/2 bath.; Recent updates include new floor coverings, fresh interior paint, and updated appliances.
