Two-Story Corner-Lot
3140 Snake River Drive Grand Junction, CO 81504
3140 Snake River Drive, Grand Junction, CO, 81504
$730,000
For Sale
$730,000
MULTI_FAMILY - Other - Grand Junction, CO
Property Size3,025 SF
Lot Size0.18 Acres
Price / SF$241.32
Days on Market24
Property Features for 3140 Snake River Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 6
- Rooms
- Bathroom 2, Bedroom 5, Bedroom 6, Bathroom 4, Bathroom 6, Bathroom 3, Bedroom 3, Bathroom 5, Bedroom 4, Bathroom 1, Bedroom 1, Bedroom 2
- Parking features
- Open
- Patio and Porch features
- Patio
- Exterior features
- SprinklerIrrigation
- Appliances
- Dishwasher, Disposal, Microwave, Refrigerator
- Standard status
- Active
- APN
- 2943-222-22-013
- Size
- 3,025 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 1213
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2017
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Carpet
- Building materials
- Masonite, WoodFrame
- Roof type
- Asphalt, Composition
- Architectural style
- Other
Listing Agency
HANSEN & ASSOC
(970) 243-3376
2486 PATTERSON RD UNIT 12, GRAND JUNCTION, CO
Listed by
Denese Hansen
(970) 260-9907
Added: Jun 24 Checked: Jul 17 at 12:06 am
MLS# 20263487
Listing URL
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This two-story duplex was built in 2017 and features an open, functional layout with three bedrooms and two-and-a-half bathrooms, along with contemporary finishes and energy-efficient construction. Each side benefits from a private backyard, creating an outdoor space for everyday use.
Located at 3140 Snake River Drive in Grand Junction, CO, the property sits on a corner-lot with the adjoining side of the duplex facing a separate street. Tax parcel #2943-222-22-014 is part of this duplex, and each side is on its own tax parcel.
The owner will sell the property together or separately, providing flexibility for buyers seeking one unit or both.
Located at 3140 Snake River Drive in Grand Junction, CO, the property sits on a corner-lot with the adjoining side of the duplex facing a separate street. Tax parcel #2943-222-22-014 is part of this duplex, and each side is on its own tax parcel.
The owner will sell the property together or separately, providing flexibility for buyers seeking one unit or both.
Key Highlights
- Built in 2017 two‑story duplex in the Riverbend townhome subdivision
- Corner‑lot duplex design with each side on its own tax parcel and can be sold together or separately
- Each unit features an open floor plan with 3 bedrooms and 2.5 bathrooms
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $46.5k | $15.36 |
| − Vacancy | −$3.5k | −$1.15 |
| EGI | $43.0k | $14.21 |
| − OpEx | −$12.9k | −$4.26 |
| NOI | $30.1k | $9.95 |
3,025 SF · lease $15.36/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$429.8K
$376.1K – $501.4K
NOI $30,085 @ 7.0% cap · market cap 4.12%
Second Best
Apartment 5plus
$394.7K
$345.3K – $460.5K
NOI $27,627 @ 7.0% cap · market cap 3.78%
Theoretical Best
Healthcare Medical
$5.74M
$5.02M – $6.70M
NOI $401,841 @ 7.0% cap · market cap 55.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-story duplex built in 2017 with private backyards, and each side on its own tax parcel.
Where is this duplex located?
The property is located at 3140 Snake River Drive Grand Junction, CO.
What is the asking price?
The asking price for this property is $730,000.
What are key features of this property?
This property features: Built in 2017 two‑story duplex in the Riverbend townhome subdivision; Corner‑lot duplex design with each side on its own tax parcel and can be sold together or separately; Each unit features an open floor plan with 3 bedrooms and 2.5 bathrooms
