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    202 Chipeta Ave Grand Junction, CO 81501

    New
    For Sale
    $299,900

    MULTI_FAMILY - Other - Grand Junction, CO

    Property size:
    2,193 SF
    Lot size:
    0.14 Acres
    Days on Market:
    3
    Last Refresh:
    Dec 5 at 9:06 pm

    Property Features for 202 Chipeta Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 3, Bedroom 6, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 1, Bedroom 4, Bathroom 4, Bedroom 5
    Bedrooms
    6
    Bathrooms
    4
    APN
    2945-142-26-019
    Interior features
    CeilingFans, WindowTreatments
    Appliances
    ElectricOven, ElectricRange, Refrigerator
    Size
    2,193 SF
    Lot size
    0.14 Acres

    Utilities

    Heating system
    Gravity, Natural Gas
    Water source
    Public

    Building Details

    Year built
    1900
    Floors in Building
    2
    Number of units
    3
    Flooring type
    Vinyl, Carpet, Wood, Tile
    Building materials
    WoodSiding, WoodFrame
    Roof type
    Asphalt, Composition, Rolled Hot Mop
    Architectural style
    Other

    REAL BROKER, LLC DBA REAL (720) 519-3913

    Listing agent Juli D'ann Jacobson (970) 210-9796

    Listing date Dec 3, 2025

    MLS# 20255499 Listing URL

    Copyright © 2025 Grand Junction Area 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.

    Overview

    Grand Junction Triplex Investment Opportunity

    This triplex property, situated in the heart of downtown Grand Junction, presents an investment opportunity. Configured as a duplex with an additional dwelling unit (ADU), the property offers potential. The building, described as a Victorian gem, requires renovation. A new roof was installed a few years ago and includes solar panels. The property consists of 2193 square feet on a lot of approximately 0.14 acres. Each unit has separate electrical meters and addresses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Grand Junction
    County
    Mesa
    State
    Colorado
    Longitude
    -108.569293
    Latitude
    39.072624

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    FAQs

    What type of property is this?
    Triplex - Triplex in downtown Grand Junction with solar and separate meters.
    Where is this triplex located?
    The property is located at 202 Chipeta Ave Grand Junction, CO.
    What is the asking price?
    The asking price for this property is $299,900.
    What are key features of this property?
    This property features: - Victorian architecture.; - Three separate living spaces (Duplex with ADU) offering income potential or multi-generational living.; - Separate electrical meters for each unit.
    (970) 210-9796
    Request Owner's contact information
    202 Chipeta Ave Grand Junction, CO 81501
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    Grand Junction, CO 81501
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    202 Chipeta Ave Grand Junction, CO 81501
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