Duplex with Updated
For Sale
$499,900
992 S Elbow Dr, Pueblo West, CO 81007
Both residences feature remodeled kitchens and new appliances.
Property Size2,604 SF
Price / SF$191.97
Days on Market12
Property Features for 992 S Elbow Dr
General Information
Standard status
Active
Size
2,604 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1976
Buildings
1
Listing Agency:
Keller Williams Advantage
Listed By:
The Top Shelf Team · License #EB00275181
(832) 304-3008
Source:
Seehomesincolorado
Added: Sep 29
Changed: Oct 4
Last Checked: Oct 9 at 7:50PM
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 Keller Williams Advantage
Investment Insights
Based on property information with market context.
Built in 1976, this Pueblo West duplex contains two residential units. The kitchens have been remodeled, and the property includes new appliances. Rental history is also noted for the property.
At 992 S Elbow Drive, the duplex offers two units within one residential property.
At 992 S Elbow Drive, the duplex offers two units within one residential property.
Key Highlights
- Two‑unit duplex in Pueblo West
- Remodeled kitchens and new appliances
- Built in 1976
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,239
Cap Rate
4.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$424,780
$424.8K
Cap Rate 7%
$303,414
$303.4K
Cap Rate 9%
$235,989
$236.0K
Market Conditions
NOI Build-Up for 2,604 SF
Gross rent
$31.2K $12.00/SF
− Vacancy
−$906 −$0.35/SF
EGI
$30.3K $11.65/SF
− OpEx
−$9.1K −$3.50/SF
NOI
$21.2K $8.16/SF
Area
Pueblo County, CO
Vacancy
2.90%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$424,780
Cap Rate 7%
$303,414
Cap Rate 9%
$235,989
Alternative Uses
Best Use
Multifamily LT 5
$303.4K
$265.5K – $354.0K
NOI $21,239 @ 7.0% cap · market cap 4.25%
Second Best
Apartment 5plus
$254.3K
$222.5K – $296.7K
NOI $17,799 @ 7.0% cap · market cap 3.56%
Theoretical Best
Office A
$542.6K
$474.8K – $633.1K
NOI $37,984 @ 7.0% cap · market cap 7.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
36
Businesses Nearby
Explore this area
Business Placement
Demographics for 81007, CO
33,263
Population
12,678
Households
2.6
Avg Household Size
42
Median Age
31%
College-Educated
93%
High-School Grad
136.5 sq mi
ZIP Area
244
Density / Sq Mi
$95,419
Median Household Income
$50,572
Median Earnings
$1,319
Median Rent
$371,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences feature remodeled kitchens and new appliances.
Where is this duplex located?
The property is located at 992 S Elbow Dr Pueblo West, CO.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Two‑unit duplex in Pueblo West; Remodeled kitchens and new appliances; Built in 1976
