Remodeled Fourplex Investment
608 Baystate Ave Pueblo, CO 81004
For Sale
$399,500
MULTI_FAMILY - Pueblo, CO
Property Size2,604 SF
Lot Size0.13 Acres
Price / SF$153.42
Days on Market42
Property Features for 608 Baystate Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-3
Bedrooms
3
Bathrooms
5
Rooms
Bathroom 1, Bathroom 2, Bathroom 4, Bedroom 1, Bedroom 3, Bathroom 5, Bedroom 2, Bathroom 3
Parking features
On Street
Window features
Vinyl Frames, Single Pane Window(s), Double Pane Windows
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
Natural Gas, Electric (Heating)
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 Agency:
Buy Smart Colorado
(719) 310-8464
Listed By:
Caleb Skelton
(719) 216-4057
Added: Jun 18
Changed: Jul 12
Last Checked: Jul 29 at 6:06PM
MLS# 240321
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 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.
Key Highlights
- Remodeled four‑unit multifamily currently generating $4,869/month in rental income (over $58k annual gross income).
- Unit mix: two studio units, one 1 bed/1 bath, and one 2 bed/2 bath.
- Recent interior updates include new paint and new floor coverings throughout the units.
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 authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
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 four‑unit multifamily currently generating $4,869/month in rental income (over $58k annual gross income).; Unit mix: two studio units, one 1 bed/1 bath, and one 2 bed/2 bath.; Recent interior updates include new paint and new floor coverings throughout the units.
