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33729112
33729150

81 Castle Royal Drive, Pueblo, CO 81005

LW
CO CO 100084704
Cushman & Wakefield - Denver, Colorado
NP
CO FA. 100099164, CO FA.100099164
Cushman & Wakefield - Denver, Colorado
Listed by Cushman & Wakefield - Denver, Colorado
$595,000
13 days on market
Updated 13 days ago

81 Castle Royal Drive

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,808
Units 4
Beds 2
Tenancy Multi
Price per SqFt $156
Class B
Year Built 1980
Year Renovated 2026
Buildings 1
Acreage 0.328
Zoning R-4 Residential Multi-Family
Parking Spaces 2 per unit
Investment Type Stabilized

New roof, new windows, new swamp coolers and 3 renovated units!

Marketing description

81 Castle Royal Drive presents an attractive opportunity to acquire a well-maintained multifamily Quadruplex in the established Regency neighborhood of Pueblo, Colorado. Built in 1980, the property encompasses 3,808 square feet and features 952 SF two-bedroom, one-and-a-half-bathroom units that appeal to a broad tenant base seeking affordability, functionality, and convenience. The property sits on a large corner lot totaling 0.33 acres and offers ample off-street, designated parking.

Ownership has recently completed significant capital improvements that enhance both curb appeal and long-term operational efficiency. In 2026, three units underwent interior renovations, including new flooring, two-tone interior paint and updated bathrooms, providing updated living spaces that support tenant retention and future rental growth. Additional property upgrades include a new roof, new double-pane vinyl windows, new swamp coolers for all units, and fresh exterior paint, substantially reducing near-term maintenance requirements and capital expenditure needs. Recent improvements position the asset as a turnkey investment with immediate income potential and limited deferred maintenance.

Located in south Pueblo, the property benefits from convenient access to major employment centers, retail services, schools, parks, and transportation corridors. Pueblo continues to offer a compelling combination of affordability, stable rental demand, and economic growth, making the market attractive to both residents and investors. With a desirable unit mix of exclusively two-bedroom floor plans, recent renovations, and meaningful exterior improvements, 81 Castle Royal Drive offers investors a stabilized multifamily opportunity with strong long-term ownership appeal.

Investment highlights

  • RENOVATED UNITS DRIVING RENTAL GROWTH Three units were recently remodeled in 2026, providing immediate upside through enhanced tenant appeal, stronger retention, and the potential for increased rental income.
  • DESIRABLE UNIT MIX The property features spacious two-bedroom, one-and-a-half-bath townhome style units throughout, offering a highly marketable floor plan that appeals to families, roommates, and long-term renters.
  • SIGNIFICANT CAPITAL IMPROVEMENTS Recent ownership investments include a new roof, new double-pane vinyl windows, and new swamp coolers for all units, fresh exterior paint, reducing near-term maintenance requirements and future capital expenditures.
  • STABLE MULTIFAMILY ASSET Containing 3,808 square feet, the property offers investors a manageable multifamily investment with a proven residential product in an established Pueblo neighborhood.
  • STRONG PUEBLO MARKET FUNDAMENTALS Located in Pueblo, the property benefits from the city's diverse employment base, affordable cost of living, and continued demand for quality workforce housing, supporting long-term occupancy and investment performance.

Listing Contacts

LW
CO CO 100084704
Cushman & Wakefield - Denver, Colorado
NP
CO FA. 100099164, CO FA.100099164
Cushman & Wakefield - Denver, Colorado
Listed by Cushman & Wakefield - Denver, Colorado

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Zoning

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R4 ResidentialMulti FamilyMixed Residential
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Last updated Jun 23, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
Lee Wagner
License
CO 100084704
Brokerage
Cushman & Wakefield
Brokerage Phone
4174592155
Title
Director
Name
Nic Polaski
License
FA. 100099164
Brokerage
Cushman & Wakefield
Title
Associate
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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