Residential Income Quadplex

9 - 15 Castle Royal Dr Pueblo, CO 81005

Claim this Listing
New
For Sale
$575,000

MULTI_FAMILY - Pueblo, CO

Property size:
3,808 SF
Lot size:
0.26 Acres
Price / SF:
$150/SF
Added:
Jul 10, 2026
Days on Market:
2
Last Refresh:
Jul 11 at 6:06 am

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
Bathroom 2, Bathroom 8, Bathroom 7, Bathroom 4, Bedroom 6, Bathroom 3, Bedroom 5, Bedroom 3, Bedroom 7, Bathroom 5, Bathroom 6, Bedroom 8, Bedroom 2, Bathroom 1, Bedroom 4, Bedroom 1
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 agent Karsten Musaeus License #001324420

Listing office Keller Williams Clients Choice 1175 Kelly Johnson Blvd, CO

Listing date Jul 10, 2026

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.

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 (±1% cap)
NOI $31,170 @ 7.0% cap · market cap 5.42%
Second Best
Apartment 5plus
$401.1K
$350.9K – $467.9K (±1% cap)
NOI $28,075 @ 7.0% cap · market cap 4.88%
Theoretical Best
Office A
$793.5K
$694.3K – $925.8K (±1% cap)
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

Suggested Use

Real Estate Agency Law Firm Food Market Building Supply (Bike/Boat/Book/etc) Store Hair Salon Barber Shop Big Box & Wholesale Store HVAC Service Kitchen & Bath Showroom

Zoning and permitted uses should be independently verified with local authorities.

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
Contact an agent
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message