81 Castle Royal Drive, Pueblo, CO 81005
MULTI_FAMILY - Pueblo, CO
- Added:
- Jun 12, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 14 at 12:06 pm
Property Features for 81 Castle Royal Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- Lot size
- 0.33 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 2354
Utilities
- Heating system
- Baseboard
- Cooling system
- Evaporative Cooling
Building Details
- Year built
- 1980
Listing agent Benjamin Kennedy SRES (719) 536-4326
Listing office The Platinum Group 6760 Corporate Dr. Ste. 300, Colorado Springs, CO (719) 536-4444
Listing date Jun 12, 2026
Copyright © 2026 elevateMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Four 2‑bed, 1.5‑bath townhome‑style units in a community at 81 Castle Royal Drive, Pueblo, CO
- Built in 1980 and totaling about 3,808 SF, all with private fenced patio areas
- Interior renovations planned/completed in 2026 for three of the four units, including new flooring and fresh interior paint
- Major upgrades across the property include a new roof, new double‑pane vinyl windows, and fresh exterior paint
- Swamp coolers installed serving all four units; heating is baseboard and cooling is evaporative cooling
- Tenants handle electricity; ownership pays water, sewer, and trash, and each unit has washer and dryer hookups plus ample off‑street parking
Overview
Ownership has completed extensive capital improvements. Three of the four units underwent comprehensive interior renovations in 2026, including new flooring, fresh interior paint, updated bathrooms, and new double-pane vinyl windows. Additional upgrades across the community include new swamp coolers serving all four units and a new roof, along with fresh exterior paint.
The utility structure is straightforward: tenants are responsible for electricity while the owner pays water, sewer, and trash. With a townhome configuration, outdoor private space, in-unit laundry hookups, and recent roof and window replacements, the property is suited for buyers seeking a low-maintenance multifamily asset with limited near-term renovation requirements based on the work completed through 2026.
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
- -104.667043
- Latitude
- 38.238314
