Triplex with Detached
For Sale
$470,000
629 E Clarion Dr, Pueblo West, CO 81007
Three rented units with varied layouts, shared garage access, and a mountain-facing deck.
Property Size2,800 SF
Price / SF$167.86
Days on Market81
Property Features for 629 E Clarion Dr
General Information
Standard status
Active
Size
2,800 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA, 1 x 2BR/2BA
Multifamily Units
3
Building Details
Year Built
1972
Listing Agency:
HomeSmart Preferred Realty
Listed By:
Raymond Renkosik · License #100055398
(719) 553-6390
Source:
719coloradohome
Added: Aug 3
Changed: Oct 1
Last Checked: Oct 20 at 9:22PM
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 HomeSmart Preferred Realty
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Investment Insights
Based on property information with market context.
This 2,800-square-foot triplex was built in 1972 and comprises three separately addressed units. The homes include two 2-bedroom, 1-bathroom layouts and one larger 2-bedroom, 2-bathroom unit. The larger residence also features a substantial deck with views toward Pikes Peak. Units are currently rented, providing an existing occupied configuration for an income-property buyer.
A detached 2-car garage serves the property, with each upper unit having access to one garage space. Infrastructure updates include replacement of the main water line in 2024 and replacement of the main sewer line to the property in November 2025. The property is located in Pueblo West, Colorado.
A detached 2-car garage serves the property, with each upper unit having access to one garage space. Infrastructure updates include replacement of the main water line in 2024 and replacement of the main sewer line to the property in November 2025. The property is located in Pueblo West, Colorado.
Key Highlights
- Three‑unit property totaling 2,800 square feet
- Unit mix includes two 2‑bedroom, 1‑bathroom units and one 2‑bedroom, 2‑bathroom unit
- Large deck with views of Pikes Peak
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,838
Cap Rate
4.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$456,760
$456.8K
Cap Rate 7%
$326,257
$326.3K
Cap Rate 9%
$253,756
$253.8K
Market Conditions
NOI Build-Up for 2,800 SF
Gross rent
$33.6K $12.00/SF
− Vacancy
−$974 −$0.35/SF
EGI
$32.6K $11.65/SF
− OpEx
−$9.8K −$3.50/SF
NOI
$22.8K $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 Rate 5%
$456,760
Cap Rate 7%
$326,257
Cap Rate 9%
$253,756
Alternative Uses
Best Use
Multifamily LT 5
$326.3K
$285.5K – $380.6K
NOI $22,838 @ 7.0% cap · market cap 4.86%
Second Best
Apartment 5plus
$273.4K
$239.2K – $319.0K
NOI $19,138 @ 7.0% cap · market cap 4.07%
Theoretical Best
Office A
$583.5K
$510.5K – $680.7K
NOI $40,843 @ 7.0% cap · market cap 8.69%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
49
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three rented units with varied layouts, shared garage access, and a mountain-facing deck.
Where is this triplex located?
The property is located at 629 E Clarion Dr Pueblo West, CO.
What is the asking price?
The asking price for this property is $470,000.
What are key features of this property?
This property features: Three‑unit property totaling 2,800 square feet; Unit mix includes two 2‑bedroom, 1‑bathroom units and one 2‑bedroom, 2‑bathroom unit; Large deck with views of Pikes Peak
