Duplex with Updated
New
For Sale
$450,000
992 S Elbow Dr, Pueblo West, CO 81007
Residential Income, Pueblo West, CO
Property Size2,604 SF
Lot Size0.28 Acres
Price / SF$172.81
Days on Market2
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, Bedroom 3, Bathroom 3, Bathroom 1, Bedroom 5, Bedroom 1, Bedroom 4, Bathroom 2
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
(719) 289-6494
Added: Oct 21
Last Checked: Oct 22 at 10:06PM
MLS# 242851
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.
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Investment Insights
Based on property information with market context.
This ranch-style duplex at 992 S Elbow Dr in Pueblo West contains 2,604 square feet across two units. The kitchens have been remodeled, and the property includes a mix of gas and electric ranges, dishwashers, and refrigerators. Room listings include five bedrooms and three bathrooms.
Built in 1976, the property sits on 0.275 acres and is zoned R-3. Additional features include an attached garage, patio, porch, fenced yard, and fireplace. Public water and sewer serve the property.
Built in 1976, the property sits on 0.275 acres and is zoned R-3. Additional features include an attached garage, patio, porch, fenced yard, and fireplace. Public water and sewer serve the property.
Key Highlights
- Two‑unit duplex with remodeled kitchens
- 2,604 square feet on a 0.275‑acre lot
- R‑3 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,239
Cap Rate
4.72%
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 4.72%
Second Best
Apartment 5plus
$254.3K
$222.5K – $296.7K
NOI $17,799 @ 7.0% cap · market cap 3.96%
Theoretical Best
Office A
$542.6K
$474.8K – $633.1K
NOI $37,984 @ 7.0% cap · market cap 8.44%
Zoning and permitted uses should be independently verified with authorities.
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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
Frequently Asked Questions
What type of property is this?
Duplex - Two separate units offer flexibility for rental use or owner occupancy.
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 $450,000.
What are key features of this property?
This property features: Two‑unit duplex with remodeled kitchens; 2,604 square feet on a 0.275‑acre lot; R‑3 zoning
