Four-Unit Apartment Property with
For Sale
$700,000
729 E Laporte Dr, Pueblo, CO 81007
R-5-zoned residential property with paired upper and lower residences, private baths, laundry hookups, and attached garages.
Property Size4,480 SF
Days on Market140
Property Features for 729 E Laporte Dr
General Information
Standard status
Active
Size
4,480 SF
Total Parking Spaces
4
Property subtype
Multi Family Home
Zoning
R-5
Lease Term
12 Months
Units
Unit Mix
4 x 3BR/2BA
Multifamily Units
4
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$3,166
Amenities
shared courtyard
storage shed
evaporative cooling
in-unit laundry hookups
Building Details
Building Size
4,480 SF
Year Built
1997
Buildings
1
Stories
2
Units
4
Listing Agency:
REMAX PROPERTIES
(719) 332-2225
Listed By:
Tami Jo Belsey · License #100024902
(719) 332-2225
Source:
Pikespeakdreamhomesrealty
Added: Apr 8
Changed: Aug 21
Last Checked: Aug 25 at 8:56AM
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 1997, this four-unit residential property in Pueblo West includes two upper units and two lower units. Each residence has three bedrooms and two bathrooms, along with a kitchen equipped with white cabinetry, pantry storage, dishwasher, electric range/oven, vent hood, and refrigerator. Laundry hookups, wood-laminate flooring in living areas, ceiling fans, and window blinds are provided throughout. Primary bedrooms include attached bathrooms, while the additional bedrooms share a full secondary bath.
The property includes four attached one-car garages, a storage shed, and a shared courtyard. Evaporative cooling units serve the residences. The owner pays water and trash, and the property is zoned R-5. Its location provides access to schools, parks, shopping, and Highway 50, with connections to Interstate 25 and Pueblo State Park.
The property includes four attached one-car garages, a storage shed, and a shared courtyard. Evaporative cooling units serve the residences. The owner pays water and trash, and the property is zoned R-5. Its location provides access to schools, parks, shopping, and Highway 50, with connections to Interstate 25 and Pueblo State Park.
Key Highlights
- Four 3‑bedroom, 2‑bath units with two upper and two lower residences
- Four attached one‑car garages included
- Built in 1997 and zoned R‑5
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
$36,670
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%
$733,400
$733.4K
Cap Rate 7%
$523,857
$523.9K
Cap Rate 9%
$407,444
$407.4K
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
$54.3K $12.12/SF
− Vacancy
−$1.9K −$0.43/SF
EGI
$52.4K $11.69/SF
− OpEx
−$15.7K −$3.51/SF
NOI
$36.7K $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%
$733,400
Cap Rate 7%
$523,857
Cap Rate 9%
$407,444
Alternative Uses
Best Use
Multifamily LT 5
$523.9K
$458.4K – $611.2K
NOI $36,670 @ 7.0% cap · market cap 5.24%
Second Best
Apartment 5plus
$471.9K
$412.9K – $550.5K
NOI $33,030 @ 7.0% cap · market cap 4.72%
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
Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
214
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 - R-5-zoned residential property with paired upper and lower residences, private baths, laundry hookups, and attached garages.
Where is this quadplex located?
The property is located at 729 E Laporte Dr Pueblo, 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 3‑bedroom, 2‑bath units with two upper and two lower residences; Four attached one‑car garages included; Built in 1997 and zoned R‑5
