81 Castle Royal Dr - 81 Castle Royal Drive 4 Unit Apartment Building Offered at $595,000 Pueblo, CO 81005

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.
- Four Spacious Two-Bedroom Units – All units feature desirable 2-bedroom, 1.5-bathroom floorplans with front and rear entrances and a fenced in patio.
- Recent Interior Renovations – Three of the four units were remodeled in 2026 with new flooring, 2-tone paint, updated bathrooms and LED lighting.
- New Roof (2026) – Recently completed roof replacement reduces near-term capital expenditure requirements.
- Energy-Efficient Vinyl Windows – New double-pane vinyl windows improve insulation, comfort, and energy efficiency.
- Fresh Exterior Paint – Recently updated exterior enhances curb appeal and property presentation.
- Tenant-Paid Electric – Separately metered electric service helps reduce owner operating expenses.
- Stable Utility Structure – Owner pays water, sewer, and trash, providing simplified utility management for residents.
- Well-Maintained Asset – Significant recent capital improvements position the property as a low-maintenance investment opportunity.
- Off-Street Parking Availability – Convenient parking accommodations for residents and guests with 2-3 spaces permitted for each unit.
- South Pueblo Location – Situated within the established Regency area, offering convenient access to shopping, dining, schools, and major transportation corridors.