Turnkey Duplex Income
977-979 S Harmony Dr 977 & 979 Pueblo West, CO 81007
For Sale
$539,900
Nearly new 2022/2023 duplex with two leased units, each featuring three bedrooms, two baths, and an attached two-car garage.
Property Size2,938 SF
Price / SF$183.76
Days on Market26
Property Features for 977-979 S Harmony Dr 977 & 979
General Information
- Standard status
- Active
- Size
- 2,938 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 2022
Listing Agency:
Sorella Real Estate
(719) 621-4778
Listed By:
CORE group
(719) 621-4778
Source:
Exitrealty
Added: Jun 28
Changed: Jul 23
Last Checked: Jul 23 at 3:50AM
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 Sorella Real Estate
Investment Insights
Based on property information with market context.
This nearly new duplex was built in 2022/2023 and is fully leased. The property consists of two separate sides, and each unit offers three bedrooms and two bathrooms with nearly 1,500 square feet of open-concept living space. Vaulted ceilings, upgraded LVT flooring, and custom tile walk-in showers are among the included finishes. Each side also features a spacious primary suite with a walk-in closet, tankless water heater, and central air, along with appliances that convey, including a washer and dryer. Both units include an attached two-car garage.
Both sides are currently leased month-to-month at $2,100 per side. Owner expenses noted include water, sewer, trash, property taxes, and maintenance. The front yard is xeriscaped with rock.
The duplex presents a turnkey, income-generating configuration with consistent in-place tenancy and practical unit-by-unit layout and amenities across both sides.
Both sides are currently leased month-to-month at $2,100 per side. Owner expenses noted include water, sewer, trash, property taxes, and maintenance. The front yard is xeriscaped with rock.
The duplex presents a turnkey, income-generating configuration with consistent in-place tenancy and practical unit-by-unit layout and amenities across both sides.
Key Highlights
- 2022/2023‑built duplex with both sides leased month‑to‑month at $2,100 per unit ($4,200 gross monthly income).
- Each unit offers 3 bedrooms, 2 bathrooms, and nearly 1,500 sq ft of open‑concept living space.
- Attached 2‑car garage for each side, plus vaulted ceilings and central air in both units.
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 | $35.3k | $12.00 |
| − Vacancy | −$1.0k | −$0.35 |
| EGI | $34.2k | $11.65 |
| − OpEx | −$10.3k | −$3.50 |
| NOI | $24.0k | $8.16 |
2,938 SF · lease $12.00/SF/yr · vacancy 2.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$342.3K
$299.6K – $399.4K
NOI $23,964 @ 7.0% cap · market cap 4.44%
Second Best
Apartment 5plus
$286.9K
$251.0K – $334.7K
NOI $20,082 @ 7.0% cap · market cap 3.72%
Theoretical Best
Office A
$612.2K
$535.7K – $714.3K
NOI $42,856 @ 7.0% cap · market cap 7.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Nearly new 2022/2023 duplex with two leased units, each featuring three bedrooms, two baths, and an attached two-car garage.
Where is this duplex located?
The property is located at 977-979 S Harmony Dr 977 & 979 Pueblo West, CO.
What is the asking price?
The asking price for this property is $539,900.
What are key features of this property?
This property features: 2022/2023‑built duplex with both sides leased month‑to‑month at $2,100 per unit ($4,200 gross monthly income).; Each unit offers 3 bedrooms, 2 bathrooms, and nearly 1,500 sq ft of open‑concept living space.; Attached 2‑car garage for each side, plus vaulted ceilings and central air in both units.
