Two-Building Duplex
For Sale
$496,000
639 E Clarion Dr, Pueblo West, CO 81007
Two three-bedroom units offer main-level living, basement space, separate electric service, and individual heating controls.
Property Size4,224 SF
Lot Size0.88 Acres
Price / SF$117.42
Days on Market21
Property Features for 639 E Clarion Dr
General Information
Standard status
Active
Size
4,224 SF
Lot size
0.88 Acres
Property subtype
Multi Family
Property Condition
Severity
Minor
Evidence
could use some TLC
Additional Details
Utilities to Site
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,214
Amenities
covered front porches
rear decks
Building Details
Year Built
1975
Buildings
2
Listing Agency:
Pasternak Properties
(719) 717-0321
Listed By:
Chris Pasternak · License #100076659
(719) 717-0321
Source:
Exitrealty
Added: Jul 25
Changed: Aug 14
Last Checked: Aug 14 at 4:57AM
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 Pasternak Properties
Investment Insights
Based on property information with market context.
This duplex property includes two separate buildings totaling 4,224 square feet on a 0.88-acre lot at 639 E Clarion Dr in Pueblo West. Both units provide three bedrooms on the main level, basement space, covered front porches, and rear decks. One building also has a large attached garage that can support storage or workshop use.
Built in 1975, the property has separate electric service for each unit and individual heating controls. Electric radiant ceiling heat serves the units, and the all-electric configuration may support future solar integration. The rear deck at Unit C requires attention. The layout also includes additional basement areas that can accommodate living, office, or recreation space.
Built in 1975, the property has separate electric service for each unit and individual heating controls. Electric radiant ceiling heat serves the units, and the all-electric configuration may support future solar integration. The rear deck at Unit C requires attention. The layout also includes additional basement areas that can accommodate living, office, or recreation space.
Key Highlights
- Two separate buildings on a 0.88‑acre lot
- 4,224 square feet total
- Each unit includes 3 bedrooms plus basement space
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
$34,453
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
6.95%
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%
$689,060
$689.1K
Cap Rate 7%
$492,186
$492.2K
Cap Rate 9%
$382,811
$382.8K
Market Conditions
NOI Build-Up for 4,224 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
$50.7K $12.00/SF
− Vacancy
−$1.5K −$0.35/SF
EGI
$49.2K $11.65/SF
− OpEx
−$14.8K −$3.50/SF
NOI
$34.5K $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%
$689,060
Cap Rate 7%
$492,186
Cap Rate 9%
$382,811
Alternative Uses
Best Use
Multifamily LT 5
$492.2K
$430.7K – $574.2K
NOI $34,453 @ 7.0% cap · market cap 6.95%
Second Best
Apartment 5plus
$412.5K
$360.9K – $481.2K
NOI $28,872 @ 7.0% cap · market cap 5.82%
Theoretical Best
Office A
$880.2K
$770.2K – $1.03M
NOI $61,614 @ 7.0% cap · market cap 12.42%
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
267
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 three-bedroom units offer main-level living, basement space, separate electric service, and individual heating controls.
Where is this duplex located?
The property is located at 639 E Clarion Dr Pueblo West, CO.
What is the asking price?
The asking price for this property is $496,000.
What are key features of this property?
This property features: Two separate buildings on a 0.88‑acre lot; 4,224 square feet total; Each unit includes 3 bedrooms plus basement space
