81 Castle Royal Dr 87, Pueblo, CO 81005
Turnkey quadplex with private fenced patios, in-unit laundry hookups, and recent exterior and interior upgrades.
- Added:
- Jun 17, 2026
- Days on Market:
- 22
- Last Refresh:
- Jun 20 at 3:29 am
Property Features for 81 Castle Royal Dr 87
General Information
- Standard status
- Active
- Size
- 3,808 SF
- Property subtype
- Investment
Building Details
- Year Built
- 1980
Listing office CUSHMAN & WAKEFIELD (719) 238-9074
Listing date Jun 17, 2026
Source Elliman
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All listing content including descriptions, pricing, images are the copyrighted material of CUSHMAN & WAKEFIELD
HighLights
- Four‑unit townhome community built in 1980, totaling approximately 3,808 SF
- Extensive upgrades completed, including new roof, double‑pane vinyl windows, and new exterior paint
- 2026 interior renovations planned/completed for 3 of 4 units, including new flooring, fresh interior paint, and updated bathrooms
- All four units have new swamp coolers plus individual washer and dryer hookups
- Each unit features a private fenced patio area and ample off‑street parking
- Utilities split: tenants pay electricity; owner pays water, sewer, and trash
Overview
Each townhome offers private fenced patio space, individual washer and dryer hookups, and ample off-street parking. The community is set on a large lot that supports generous resident parking for multiple vehicles. The utility structure is straightforward: tenants are responsible for their own electricity, while ownership pays water, sewer, and trash.
For investors or buyers seeking a low-maintenance income property, Castle Royal Townhomes combines a residential rental configuration with recent upgrades across both the interior and exterior. The townhome layout and outdoor patio areas are practical differentiators for tenants who want dedicated space, while the defined utility responsibilities help maintain operational simplicity.
Local 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 | $46.2k | $12.12 |
| − Vacancy | −$1.6k | −$0.43 |
| EGI | $44.5k | $11.69 |
| − OpEx | −$13.4k | −$3.51 |
| NOI | $31.2k | $8.19 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Pueblo
- County
- Pueblo
- State
- Colorado
- Longitude
- -104.6669218
- Latitude
- 38.2383963
