Ranch Duplex with Attached
New
For Sale
$499,900
992 S Elbow Dr, Pueblo West, CO 81007
Residential Income, Pueblo West, CO
Property Size2,604 SF
Lot Size0.28 Acres
Price / SF$191.97
Days on Market6
Property Features for 992 S Elbow Dr
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-3
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 2, Bathroom 3, Bathroom 1, Bedroom 5, Bedroom 3, Bedroom 4, Bathroom 2, Bedroom 1
Parking
1
Parking features
Garage - Attached
Window features
Vinyl Frames
Patio and Porch features
Patio, Porch
Fencing
Fenced
Fireplace
1
Appliances
Dishwasher-All, Refrigerator-All, Gas Range-Some, Electric Range-Some
Subdivision
Pueblo West East
Elementary school
70
Middle school
70
High school
70
Standard status
Active
APN
0623211016
Size
2,604 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
LOT 16 BLK 4 TR 378 PUEBLO WEST
Tax Annual Amount
1507
Legal Description
LOT 16 BLK 4 TR 378 PUEBLO WEST
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Water source
Public
Building Details
Year built
1976
Number of units
2
Building materials
Stucco
Roof type
Composition
Architectural style
Ranch
Listing Agency:
Keller Williams Advantage
(303) 986-4300
Listed By:
The Top Shelf Team · License #EB00275181
(719) 289-6494
Added: Oct 1
Last Checked: Oct 6 at 2:06PM
MLS# 242573
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 R-3 zoned duplex contains 2,604 square feet across two units on a 0.275-acre lot. The ranch-style property was built in 1976 and has remodeled kitchens, a mix of gas and electric ranges, refrigerators, and dishwashers. An attached garage, patio, porch, fenced yard, and fireplace are also part of the property.
Forced-air natural gas heat serves the building, with public water and public sewer. Stucco exterior walls and a composition roof complete the documented features.
Forced-air natural gas heat serves the building, with public water and public sewer. Stucco exterior walls and a composition roof complete the documented features.
Key Highlights
- Two‑unit duplex with 2,604 square feet on 0.275 acres
- R‑3 zoning
- Built in 1976; ranch architectural style
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
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
36
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two rental units offer flexible occupancy, with remodeled kitchens and newer 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 with 2,604 square feet on 0.275 acres; R‑3 zoning; Built in 1976; ranch architectural style
