Triplex With Detached
New
For Sale
$470,000
629 E Clarion Dr, Pueblo West, CO 81007
Residential Income, Pueblo West, CO
Property Size2,800 SF
Lot Size0.50 Acres
Price / SF$167.86
Days on Market2
Property Features for 629 E Clarion Dr
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
R-5
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 1, Bedroom 3, Bathroom 1, Bathroom 3, Bedroom 5, Bathroom 4, Bathroom 2, Bedroom 2, Bedroom 4, Bedroom 6
Parking
2
Parking features
Garage - Detached
Window features
Vinyl Frames, Double Pane Windows
Patio and Porch features
Deck
Basement
Partial, Partially Finished
Appliances
Refrigerator-All, Electric Range-All
Subdivision
Pueblo West East
Lot features
Rock- Front
Elementary school
70
Middle school
70
High school
70
Standard status
Active
APN
507014001
Size
2,800 SF
Lot size
0.50 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 6 BLK 1 TR 380 PUEBLO WEST
Tax Annual Amount
2380
Legal Description
LOT 6 BLK 1 TR 380 PUEBLO WEST
Utilities
Heating system
Forced Air, Natural Gas
Building Details
Year built
1972
Number of units
3
Building materials
Frame, Stucco, Copper Plumbing, Plastic Plumbing
Roof type
Composition
Architectural style
Ranch
Listing Agency:
HomeSmart Preferred Realty · HomeSmart International
(719) 582-1046
Listed By:
Raymond Renkosik · License #100055398
(719) 553-6390
Added: Sep 1
Last Checked: Sep 2 at 12:06AM
MLS# 242042
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 Pueblo West triplex contains three separately addressed residences totaling 2,800 square feet on a 0.5025-acre parcel. The layouts include two two-bedroom, one-bath units and one larger two-bedroom, two-bath unit. The central residence features a large deck with views toward Pikes Peak. The ranch-style property was built in 1972 and includes frame and stucco construction, composition roofing, natural-gas forced-air heat, and refrigerators and electric ranges in all units.
A detached two-car garage provides one space for each upper unit. The main water line was replaced in 2024, and the property's main sewer line was replaced in November of 2025. The units are rented, and the property is zoned R-5 at 629 E Clarion Dr in Pueblo West, Colorado.
A detached two-car garage provides one space for each upper unit. The main water line was replaced in 2024, and the property's main sewer line was replaced in November of 2025. The units are rented, and the property is zoned R-5 at 629 E Clarion Dr in Pueblo West, Colorado.
Key Highlights
- Three‑unit property with 2,800 square feet on 0.5025 acres
- Unit mix includes two 2‑bedroom, 1‑bath residences and one 2‑bedroom, 2‑bath residence
- Detached 2‑car garage with access for each upper unit
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
$22,838
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
4.86%
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%
$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
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
$33.6K $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 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%
$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.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
198
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?
Triplex - Ranch-style income property with three separately addressed units, garage access, and a large private 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 with 2,800 square feet on 0.5025 acres; Unit mix includes two 2‑bedroom, 1‑bath residences and one 2‑bedroom, 2‑bath residence; Detached 2‑car garage with access for each upper unit
