Residential Income
9 - 15 Castle Royal Dr Pueblo, CO 81005
9 - 15 Castle Royal Dr, Pueblo, CO, 81005
$575,000
For Sale
$575,000
MULTI_FAMILY - Pueblo, CO
Property Size3,808 SF
Lot Size0.26 Acres
Price / SF$150
Days on Market12
Property Features for 9 - 15 Castle Royal Dr
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-4
- Bedrooms
- 8
- Bathrooms
- 8
- Rooms
- Bedroom 1, Bedroom 4, Bedroom 2, Bedroom 7, Bathroom 6, Bathroom 5, Bathroom 7, Bedroom 8, Bathroom 4, Bathroom 2, Bathroom 3, Bathroom 1, Bedroom 5, Bathroom 8, Bedroom 3, Bedroom 6
- Parking features
- None
- Window features
- Single Pane Window(s)
- Fencing
- Wood
- Standard status
- Active
- APN
- 1509115010
- Size
- 3,808 SF
- Lot size
- 0.26 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- Lot 38 Block 12 Regency Park 8th
- Tax Annual Amount
- 2750
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
- Water source
- Public
Building Details
- Year built
- 1980
- Floors in Building
- 2
- Number of units
- 4
- Building materials
- Frame
- Roof type
- Composition
Listing Agency
Keller Williams Clients Choice
(719) 535-0355
7680 Goddard Street, #200, CO
Listed by
Karsten Musaeus · License #001324420
(719) 439-9898
Added: Jul 10 Updated: Jul 15 at 12:53 am Checked: Jul 21 at 3:06 am
MLS# 241098
Listing URL
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 residential income quadplex includes four units within a total of 3,808 square feet and sits on a 0.26-acre lot. The property is described as being in a nice area but needs work, indicating deferred maintenance and/or renovation may be required.
The quadplex is located at 9–15 Castle Royal Dr in Pueblo, Colorado 81005, and is zoned R-4. This zoning designation supports residential use as a multifamily property.
Served as a four-unit rental structure, the building configuration aligns with an investor or owner-operator looking for a small multifamily asset while planning for needed repairs.
The quadplex is located at 9–15 Castle Royal Dr in Pueblo, Colorado 81005, and is zoned R-4. This zoning designation supports residential use as a multifamily property.
Served as a four-unit rental structure, the building configuration aligns with an investor or owner-operator looking for a small multifamily asset while planning for needed repairs.
Key Highlights
- 4‑plex with frame construction
- Year built: 1980
- Heating: natural gas
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 |
3,808 SF · lease $12.12/SF/yr · vacancy 3.52% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$445.3K
$389.6K – $519.5K
NOI $31,170 @ 7.0% cap · market cap 5.42%
Second Best
Apartment 5plus
$401.1K
$350.9K – $467.9K
NOI $28,075 @ 7.0% cap · market cap 4.88%
Theoretical Best
Office A
$793.5K
$694.3K – $925.8K
NOI $55,546 @ 7.0% cap · market cap 9.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
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FAQs
What type of property is this?
Quadplex - Quadplex for sale in R-4 zoning, totaling 3,808 square feet and situated on a 0.26-acre lot.
Where is this quadplex located?
The property is located at 9 - 15 Castle Royal Dr Pueblo, CO.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 4‑plex with frame construction; Year built: 1980; Heating: natural gas
