Turnkey Quadplex in Growing Pueblo Market! Welcome to 2 Alan Shepard Rd, an upgraded and well-maintained 4-unit multifamily property offering immediate cash flow and strong rental upside. All four units are fully leased, professionally managed, and attract quality tenants thanks to a convenient location and spacious layouts. Each unit features 2 bedrooms, 1 bath, with functional floor plans and dedicated parking. Updates throughout the property make for low-maintenance ownership, and with Pueblo's continued growth, this is the type of asset that only gets better over time. Located near Colorado State University–Pueblo, major employers, parks, and shopping, this property is ideally positioned for long-term tenant demand. Whether you're building your portfolio or looking for your first multifamily asset, 2 Alan Shepard Rd offers reliable returns and future potential. Property is generating almost $47,000 in rents each year. Don't miss this one.
Belmont, located between I-25 and the Arkansas River, is a residential and industrial Pueblo neighborhood with rail-side warehouses and wide, workaday streets. The neighborhood’s character concentrates around the I-25 & US-50 interchange, where truck traffic, service bays, and big-sky views set a utilitarian rhythm. Housing trends toward modest mid-century blocks and older cottages, with long sightlines to the Wet Mountains on clear days. The feel is practical and grounded, shaped by nearby yards, frontage roads, and the river corridor. Lake Minnequa Park and the Historic Arkansas Riverwalk of Pueblo add green space and a slower pace beyond the ramps.
Provided by Walk Score and Local Logic
Market insights
2-8 Alan Shepard Rd · $525,000
DAYS ON MARKET
1 days
The average home goes pending in 71 days.
SALE-TO-LIST
98.3%
Most homes are selling 2% below list price.
LIST PRICE
$525,000
Median sale price in this area is $313,970. (40% lower than this home)
PRICE DROP
0 price drops
29% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Interior features
Dishwasher
Electric range
Range
Washer
Bedrooms
Four 2-bedroom units
Bathrooms
4 full bathrooms
Kitchen
Dishwasher
Electric range
Range
Laundry & utility
In-unit laundry
Washer hookup
Heating & cooling
Forced air heating
Natural gas
Exterior features
Irregular lot
Lot dimensions approximately 115 x 75
R-5 zoning
Home design
Residential income property — quadruplex / fourplex
Construction
Frame, brick and stucco construction
Composition roof
Utilities
Public water
Public sewer
HOA & community
No association amenities
Financial info
Individual unit rents provided (approx.): three units at $960.50 and one unit at $1,023
Other
Property listed as residential income (quadruplex)
Electricity and solar
View estimated energy costs and solar savings for this home
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Beds
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Baths
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Stories
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Lot width
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Lot depth
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Lot size
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Year renovated
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Finished Sq. Ft.
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Unfinished Sq. Ft.
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Total Sq. Ft.
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Year built
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Style
Single Family Residential
County
Pueblo County
APN
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Parking Spaces
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Basement
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Accessible
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HOA Dues
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Garage
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Features
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Last updated by owner on Sep 5, 2024.
R5
Mixed-Residential and Office District
The standards of this district (R-5) are designed to retain and provide areas of high-density multifamily dwelling unit structures with limited commingling of professional offices and studios.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Housing-Senior
Housing-Student
Housing-Other
Bed & breakfast
Mixed use
Office
Medical office
Housing-Mobile home park
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
4/10 Heat Factor
7 days above 96° expected this year, 19 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Historical weather
Pueblo, CO • 81001
Average low and high temperatures (°F)
45
17
57
24
70
36
71
39
76
48
90
59
93
61
91
61
86
53
76
43
57
30
56
25
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
94/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.6 hrs
6.8 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 2-8 Alan Shepard Rd
$523,192
$1,808 under list price of $525K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $290K to $625K.