Pueblo West Fourplex Investment
For Sale
$700,000
687-693 E Laporte Dr, Pueblo West, CO 81007
MULTI_FAMILY - Pueblo West, CO
Property Size4,480 SF
Lot Size0.28 Acres
Price / SF$156.25
Days on Market74
Property Features for 687-693 E Laporte Dr
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-5
Bedrooms
10
Bathrooms
8
Full bathrooms
8
Rooms
Bedroom 9, Bedroom 10, Bathroom 3, Bathroom 1, Bathroom 6, Bathroom 7, Bedroom 4, Bedroom 7, Bedroom 2, Bathroom 4, Bedroom 5, Bathroom 5, Bedroom 6, Bathroom 8, Bathroom 2, Bedroom 8, Bedroom 1, Bedroom 3
Parking
4
Parking features
Garage - Attached
Window features
Window Coverings, Vinyl Frames
Interior features
Ceiling Fan(s)
Exterior features
Courtyard
Appliances
Dishwasher-All, Garbage Disposal-All, Refrigerator-All, Electric Range-All, Range Hood-All
Subdivision
Pueblo West East
Lot features
Lawn- Rear
Elementary school
70
Middle school
70
High school
70
Standard status
Active
APN
0507018022
Size
4,480 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
LOT 17 BLK 5 TR 380 PUEBLO WEST
Tax Annual Amount
3336
Legal Description
LOT 17 BLK 5 TR 380 PUEBLO WEST
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1998
Floors in Building
2
Number of units
4
Building materials
Frame, Stucco, Copper Plumbing, Plastic Plumbing
Roof type
Composition
Listing Agency:
REMAX PROPERTIES
(719) 548-8600
Listed By:
Tami Jo Belsey
(719) 332-2225
Added: May 18
Changed: Jul 12
Last Checked: Jul 30 at 9:06PM
MLS# 239160
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 fourplex presents a strong investment opportunity, featuring a well-designed layout with four spacious units. Each unit offers a 3-bedroom, 2-bath layout, supporting consistent tenant demand. The property includes four attached one-car garages and a shared courtyard. Central air conditioning ensures year-round comfort. Each unit features durable, tenant-friendly finishes, including wood-laminate flooring in the living rooms, lighted ceiling fans, and window blinds. Kitchens are equipped with ample white cabinetry, generous counter space, a pantry, dishwasher, electric range/oven, vent hood, and refrigerator. Laundry hookups in each unit enhance rental appeal. Primary suites include neutral carpeting, lighted ceiling fans, and private attached bathrooms with vanity, mirror, and tub/shower. Two additional bedrooms are served by a full secondary bathroom. The owner is responsible for water and trash services, simplifying utility management. The property is conveniently located near schools, parks, and shopping, with easy access to Highway 50, providing quick connectivity to Interstate 25 and Pueblo State Park. The property is zoned R-5 and sits on a 0.276-acre lot. The building size is 4480 square feet.
Key Highlights
- 1998‑built 4‑plex in Pueblo West with two upper and two lower 3‑bedroom, 2‑bath units
- Four attached one‑car garages, plus a shared courtyard
- Central air and forced‑air heating throughout
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 | $53.8k | $12.00 |
| − Vacancy | −$1.6k | −$0.35 |
| EGI | $52.2k | $11.65 |
| − OpEx | −$15.7k | −$3.50 |
| NOI | $36.5k | $8.16 |
4,480 SF · lease $12.00/SF/yr · vacancy 2.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$522.0K
$456.8K – $609.0K
NOI $36,541 @ 7.0% cap · market cap 5.22%
Second Best
Apartment 5plus
$437.5K
$382.8K – $510.4K
NOI $30,622 @ 7.0% cap · market cap 4.37%
Theoretical Best
Office A
$933.5K
$816.9K – $1.09M
NOI $65,348 @ 7.0% cap · market cap 9.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
243
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?
Quadplex - Well-maintained fourplex with strong tenant appeal in Pueblo West.
Where is this quadplex located?
The property is located at 687-693 E Laporte Dr Pueblo West, CO.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: 1998‑built 4‑plex in Pueblo West with two upper and two lower 3‑bedroom, 2‑bath units; Four attached one‑car garages, plus a shared courtyard; Central air and forced‑air heating throughout
