Quadplex With Attached
For Sale
$750,000
715-721 E Laporte Dr, Pueblo, CO 81007
Four residential units offer three-bedroom layouts, private bathrooms, laundry hookups, and shared outdoor space.
Property Size4,800 SF
Price / SF$156.25
Days on Market148
Property Features for 715-721 E Laporte Dr
General Information
Standard status
Active
Size
4,800 SF
Total Parking Spaces
4
Property subtype
Multi Family
Units
Unit Mix
4 x 3BR/2BA
Multifamily Units
4
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$4,296
Amenities
shared courtyard
central air conditioning
laundry hookups
Building Details
Year Built
1998
Listing Agency:
REMAX PROPERTIES
(719) 548-8600
Listed By:
Tami Jo Belsey · License #100024902
(719) 332-2225
Source:
Exitrealty
Added: Apr 8
Changed: Sep 2
Last Checked: Sep 2 at 3:38PM
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 REMAX PROPERTIES
Investment Insights
Based on property information with market context.
Built in 1998, this 4,800-square-foot quadplex contains four residential units arranged as two upper and two lower homes. Each residence includes three bedrooms and two bathrooms, along with a kitchen equipped with white cabinetry, pantry storage, generous counters, dishwasher, electric range/oven, vent hood, and refrigerator. Laundry hookups, central air conditioning, window blinds, ceiling fans, and wood-laminate living areas are provided throughout. Primary bedrooms have private bathrooms, while each unit also includes two additional bedrooms and a full secondary bath.
The property includes four attached one-car garages and a shared courtyard. Water and trash are paid by the owner. Located in Pueblo West near schools, parks, and shopping, the property has access to Highway 50 with connectivity to Interstate 25 and Pueblo State Park.
The property includes four attached one-car garages and a shared courtyard. Water and trash are paid by the owner. Located in Pueblo West near schools, parks, and shopping, the property has access to Highway 50 with connectivity to Interstate 25 and Pueblo State Park.
Key Highlights
- 4,800‑square‑foot quadplex built in 1998
- Four units, each with a 3‑bedroom, 2‑bath layout
- 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
$39,290
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
5.24%
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%
$785,800
$785.8K
Cap Rate 7%
$561,286
$561.3K
Cap Rate 9%
$436,556
$436.6K
Market Conditions
NOI Build-Up for 4,800 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
$58.2K $12.12/SF
− Vacancy
−$2.0K −$0.43/SF
EGI
$56.1K $11.69/SF
− OpEx
−$16.8K −$3.51/SF
NOI
$39.3K $8.19/SF
Area
Pueblo, CO
Vacancy
3.52%
Lease Rate
$12.12 /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%
$785,800
Cap Rate 7%
$561,286
Cap Rate 9%
$436,556
Alternative Uses
Best Use
Multifamily LT 5
$561.3K
$491.1K – $654.8K
NOI $39,290 @ 7.0% cap · market cap 5.24%
Second Best
Apartment 5plus
$505.6K
$442.4K – $589.8K
NOI $35,389 @ 7.0% cap · market cap 4.72%
Theoretical Best
Office A
$1.00M
$875.2K – $1.17M
NOI $70,016 @ 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
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units offer three-bedroom layouts, private bathrooms, laundry hookups, and shared outdoor space.
Where is this quadplex located?
The property is located at 715-721 E Laporte Dr Pueblo, CO.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 4,800‑square‑foot quadplex built in 1998; Four units, each with a 3‑bedroom, 2‑bath layout; Four attached one‑car garages
