743-745 E Laporte Dr · Pueblo West, CO 81007

$700,000

12 bd · 8.0 ba · 4,480 sqft · MultiFamily · 72 Days on market

Built 1997 Good condition 0.28 ac lot

---

Why this score? — see what drove the C grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +24.5/30.0
• DSCR +7.9/10.0
• ARV discount +7.5/15.0
• 1% rule +6.3/10.0
• Condition / age +3.8/5.0
• Livability +3.2/5.0
• Schools +3.0/10.0
• Rent growth +2.5/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 4 units. confirmed

Listing remarks

Strong investment opportunity featuring a well-designed 4-plex in Pueblo West with four spacious units, two upper and two lower, each offering a desirable 3-bedroom, 2-bath layout that supports consistent tenant demand. The property includes four attached one-car garages, a storage shed for maintenance tools, a shared courtyard for outdoor enjoyment, & evaporative cooling units for year-round comfort. Each unit offers durable, tenant-friendly finishes including wood-laminate flooring in the living rooms, lighted ceiling fans, & window blinds throughout. Kitchens are designed for functionality and long-term use with ample white cabinetry, generous counter space, a pantry, and appli

Key facts

• 0.28 acre lot
• Garage
• Built 1997

Property features AI

Finance

• Financial info: Unit rents listed: two vacant 3-bed units at $1,450 and $1,395; two 3-bed units with 12-month terms at $1,550 and $1,095
• HOA & community: No association amenities

Exterior

• Parking: Attached garage
• Security: Smoke detector(s)
• Utilities: Public water; Public sewer
• Home design: Residential income property — quadruplex / fourplex; 2 stories
• Construction: Frame and stucco construction
• Exterior features: Composition roof; Shed(s) on property; Lot approximately 150 x 80 (0.276 acres); Zoning R-5

Interior

• Kitchen: Kitchen includes dishwasher, electric range and disposal
• Bedrooms: Multiple 3-bedroom units (four units total)
• Bathrooms: Eight full bathrooms
• Heating & cooling: Forced air heating; Ceiling fans for cooling
• Interior features: Dishwasher; Electric Range / Range; Disposal; Smoke detectors
• Laundry & utility: In-unit laundry with washer hookup (washer listed)

What this means for you Summary

Snapshot

• This is a 4 × 3-bed/2.0-bath units multifamily listed at $700k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $1k ($17k/yr) — positive. Per door: $358/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($8k rent vs $700k).
• Recommended offer: $658k (6.0% below list) — sets the bar for market timing.
• Cap rate 8.8% vs local median 3.6% in Pueblo West — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 63/100 on livability (#189 in CO) — a middle-class / working-renter tenant base. Strengths: housing A+, employment B+; Watch: health & safety C-, schools D+, crime F.
• Pueblo County School District 70 (suburban): math 24% / reading 43% proficiency, ranked #40 of 86 in CO (top 46%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents soft (-0.1%/yr); 633 active listings in the ZIP; solid renter incomes; 269 units permitted in Pueblo County in 2024 (0 in 5+ unit buildings).
• At $7,938/mo this rent would consume 98% of the median local household income ($97k/yr) (locally 353% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $5k of loan paydown is wiped out by about $21k of value loss. Plan a longer hold.
• Pueblo County population projected at +10% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 72 days — a 6% lower offer ($658k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts; this cycle's ask has dropped $50k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: moderate wildfire risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $658,000 (6.0% below list)

Questions for the listing agent

1. It's been on market 72 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
7. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
10. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.13% ✓
• Cap rate: 8.75%
• Cash-on-cash: 8.78%
• DSCR: 1.39
• GRM: 7.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -6.4%
• Equity multiple: 0.77×
• Total profit: $-45,275
• Equity at exit: $104,372

10-year hold

• IRR: -1.0%
• Equity multiple: 0.94×
• Total profit: $-11,279
• Equity at exit: $60,523

Cash invested: $196,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 38 Tenant-Leaning
• State Colorado: 38 Tenant-Leaning · D+4
• County: — inherits STATE
• City: — inherits STATE

2023 reforms: 10-day cure, mandated notice, source-of-income protected. Courts backlogged in Denver.

Methodology + full state rankings →

ZIP-level market 81007

• Home prices YoY: -22.9%
• Rents YoY: -0.1%
• Active inventory: 633
• Price-to-rent: 29.4×

Monthly cashflow live

• Estimated rent: $7,938 high
• Mortgage (P&I): −$3,671
• Tax est. 1.5%: −$875 /mo · $10,500/yr
• Insurance: −$292
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,667
• Net cashflow: $1,433

Break-even live

Break-even rent $6,123

Max offer price $700,000

Occupancy floor 77%

4-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 4× units	3	2	$7,940
Total (4 units)			$7,938

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $175,000
• Closing costs: $21,000
• Reserves months: —
• Total cash needed: —

Listing history 24 events

1. 2026-06-19
   days on market $700,000 Active 72 DOM
2. 2026-06-18
   days on market $700,000 Active 71 DOM
3. 2026-06-17
   days on market $700,000 Active 70 DOM
4. 2026-06-16
   days on market $700,000 Active 69 DOM
5. 2026-06-15
   days on market $700,000 Active 68 DOM
6. 2026-06-14
   days on market $700,000 Active 66 DOM
7. 2026-06-13
   days on market $700,000 Active 65 DOM
8. 2026-06-10
   days on market $700,000 Active 63 DOM
9. 2026-06-09
   days on market $700,000 Active 62 DOM
10. 2026-06-08
    days on market $700,000 Active 61 DOM
11. 2026-06-07
    days on market $700,000 Active 60 DOM
12. 2026-06-05
    days on market $700,000 Active 57 DOM
13. 2026-06-03
    days on market $700,000 Active 56 DOM
14. 2026-06-02
    days on market $700,000 Active 55 DOM
15. 2026-06-01
    days on market $700,000 Active 54 DOM
16. 2026-05-31
    days on market $700,000 Active 53 DOM
17. 2026-05-30
    days on market $700,000 Active 52 DOM
18. 2026-05-18
    price $700,000
19. 2026-04-08
    listed $750,000 Active
20. 2025-09-27
    historical $1,395
21. 2025-09-25
    listed $1,395
22. 2025-09-25
    historical $1,395
23. 2025-09-05
    price $1,395
24. 2025-08-26
    listed $1,495

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 4/10 Moderate 7 d/yr ≥96°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $95,256
• − Mortgage interest: −$39,211
• − Property taxes: −$10,500
• − Insurance: −$3,500
• − Repairs & maintenance: −$7,620
• − Management: −$7,620
• − Depreciation: −$20,364
• Taxable income: $6,441
• Est. tax owed @ 24.0%: −$1,546
• After-tax cash flow: $15,656/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 12 photos

Good 75/100 Cosmetic rehab

This 4-plex in Pueblo West is in good condition with good curb appeal and tenant-friendly finishes. Minor updates to paint, fans, appliances, and flooring would significantly enhance its value.

Value-add opportunities

• Both paint interior walls — fresh paint enhances curb appeal and interior aesthetics
• Both replace ceiling fans — modern fans improve air circulation and reduce energy costs
• Both update kitchen appliances — newer appliances increase functionality and appeal
• Both install new flooring in bathrooms — newer flooring in bathrooms enhances cleanliness and appearance

Renovation cost estimate screening

Value-add ROI direction

• Both paint interior walls — fresh paint enhances curb appeal and interior aesthetics ↑
• Both replace ceiling fans — modern fans improve air circulation and reduce energy costs ↑
• Both update kitchen appliances — newer appliances increase functionality and appeal ↑
• Both install new flooring in bathrooms — newer flooring in bathrooms enhances cleanliness and appearance ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Pueblo County School District 70
• NCES district ID: 0806150
• Math proficiency: 24% ▼ -4.00%
• Reading proficiency: 43% ▼ -2.00%
• Median HH income: $59,438
• Composite: 29.93/100
• National rank: #6381
• State rank: #40 of 86 in CO

Livability — Pueblo West

• Score: 63/100
• State rank: #189
• US rank: #15760

Category grades

Amenities F Commute F Cost of living B- Crime F Employment B+ Housing A+ Health & safety C- User ratings B+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Pueblo West, CO
• County: Pueblo County · 151,887 people
• Metro: Pueblo, CO
• Population (ZIP): 35,690
• Household income: $96,713
• Rent vs Own: 12.7% rent · 87.3% own
• Severe rent burden: 353.0

Population outlook (Pueblo County) Hauer SSP2

• Today (2025): 173,240 people
• By 2030: 177,716 · +2.6%
• By 2040: 185,125 · +6.9%
• By 2050: 190,642 · +10.0%
• By 2075: 201,611 · +16.4%
• By 2100: 196,443 · +13.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (65%)
• Race & ethnicity: White 65% Hispanic / Latino 29% Two or more races 11% Asian 1% Black 1%
• Hispanic origin (detail): Mexican 19%
• Common ancestry: Romanian 2% Lithuanian 2% Italian 2%
• Foreign-born: 4% · Canada
• Languages at home: 92% English-only · Spanish 7%

Political lean MEDSL · Pueblo

• 2024 margin: Lean R (+5.1) · D 46.2% · R 51.3% · Other 2.5%
• 2008→2024 swing: -20.1pp toward R · 2008: 15.0pp · 2024: -5.1pp
• All cycles: 2024: R+5.1 2020: D+1.7 2016: D+0.3 2012: D+13.1 2008: D+15.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -82.80%
• Current HPI: 279.191
• Rent YoY: ▼ -0.10%
• Metro: Pueblo, CO
• State GDP YoY: ▲ 1.95%
• F500 in state: 14

Industry mix (Fortune 500 HQ in CO)

Industry	F500 HQs	Revenue
▸Technology Distribution	1	$31B
▸Food / Agriculture	1	$18B
▸Packaging	1	$14B
▸Healthcare	1	$13B
▸Energy	1	$10B
▸Technology	1	$4B

Price history

+46722.7% since first listed

7 events — show timeline

• 2026-05-18 Price Changed $700,000 PARMLS
• 2026-04-08 Listed $750,000 PARMLS
• 2025-09-27 Rental Removed $1,395 RENTALBEAST
• 2025-09-25 Listed for Rent $1,395 RENTALBEAST
• 2025-09-25 Rental Removed $1,395 TENANTTURNER2
• 2025-09-05 Price Changed $1,395 TENANTTURNER2
• 2025-08-26 Listed for Rent $1,495 TENANTTURNER2