Four-Unit Quadplex with
For Sale
$700,000
687-693 E Laporte Dr, Pueblo West, CO 81007
Residential Income, Pueblo West, CO
Property Size4,480 SF
Lot Size0.28 Acres
Price / SF$156.25
Days on Market120
Property Features for 687-693 E Laporte Dr
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
R-5
Bedrooms
10
Bathrooms
8
Full bathrooms
8
Rooms
Bedroom 3, Bedroom 10, Bedroom 7, Bedroom 4, Bathroom 7, Bedroom 2, Bathroom 3, Bathroom 8, Bedroom 6, Bedroom 5, Bedroom 9, Bathroom 1, Bedroom 1, Bathroom 6, Bathroom 4, Bathroom 2, Bedroom 8, Bathroom 5
Parking
4
Parking features
Garage - Attached
Window features
Vinyl Frames, Window Coverings
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
Amenities
shared courtyard
central air conditioning
laundry hookups
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: Sep 12
Last Checked: Sep 14 at 2:06AM
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 1998 quadplex contains 4,480 square feet across four attached residences, including two upper units and two lower units. Each apartment has three bedrooms, two bathrooms, a kitchen with a dishwasher, electric range, vent hood, refrigerator, garbage disposal, pantry, and ample cabinetry. Central air, forced-air heating, ceiling fans, window blinds, wood-laminate living areas, and private laundry hookups serve each unit. Primary bedrooms include attached bathrooms, while the additional bedrooms share a full bathroom.
The property sits on 0.276 acres at 687-693 E Laporte Dr in Pueblo West, Colorado, with R-5 zoning. Four attached one-car garages accompany the residences, and a common courtyard provides exterior amenity space. The owner pays water and trash. Schools, parks, and shopping are nearby, with Highway 50 providing access toward Interstate 25 and Pueblo State Park.
The property sits on 0.276 acres at 687-693 E Laporte Dr in Pueblo West, Colorado, with R-5 zoning. Four attached one-car garages accompany the residences, and a common courtyard provides exterior amenity space. The owner pays water and trash. Schools, parks, and shopping are nearby, with Highway 50 providing access toward Interstate 25 and Pueblo State Park.
Key Highlights
- Four units, each with 3 bedrooms and 2 bathrooms
- 4,480 square feet on a 0.276‑acre lot
- Four attached one‑car garages
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
$36,541
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
5.22%
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%
$730,820
$730.8K
Cap Rate 7%
$522,014
$522.0K
Cap Rate 9%
$406,011
$406.0K
Market Conditions
NOI Build-Up for 4,480 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
$53.8K $12.00/SF
− Vacancy
−$1.6K −$0.35/SF
EGI
$52.2K $11.65/SF
− OpEx
−$15.7K −$3.50/SF
NOI
$36.5K $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%
$730,820
Cap Rate 7%
$522,014
Cap Rate 9%
$406,011
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
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Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
204
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units with private garages, central air, individual laundry hookups, and a shared courtyard 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: Four units, each with 3 bedrooms and 2 bathrooms; 4,480 square feet on a 0.276‑acre lot; Four attached one‑car garages
