Ranch Duplex with
For Sale
$395,000
430 Ouray Avenue, Grand Junction, CO 81501
MULTI_FAMILY - Ranch - Grand Junction, CO
Property Size1,220 SF
Price / SF$323.77
Days on Market28
Property Features for 430 Ouray Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
RH-24
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 1, Basement, Bedroom 2, Bathroom 2, Bedroom 3
Patio and Porch features
Patio
Appliances
GasOven, GasRange, Microwave, Refrigerator
Lot features
Landscaped
Elementary school
Chipeta
Middle school
West
High school
Grand Junction
Directions
Heading East on Grand from 1st St. Take a left on 5th St, then a left on Ouray. House will be on the right.
Subdivision
Grand Junction City
Standard status
Active
APN
2945-142-33-013
Size
1,220 SF
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
1462
Utilities
Heating system
Forced Air
Water source
Public
Building Details
Year built
1905
Floors in Building
1
Number of units
2
Flooring type
Vinyl, Carpet
Building materials
WoodSiding, WoodFrame
Roof type
Asphalt, Composition
Architectural style
Ranch
Listing Agency:
CENTURY 21 ELEVATED REAL ESTATE
(970) 718-9009
Listed By:
Chanel Crumbaugh
(970) 640-7404
Added: Jul 7
Changed: Aug 2
Last Checked: Aug 3 at 2:06PM
MLS# 20263300
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.
A ranch-style duplex at 430 Ouray Avenue offers two separate residences: a 2-bedroom, 1-bath unit and a 1-bedroom, 1-bath unit. The property includes a patio, with interior finishes featuring carpet and vinyl flooring. Heating is provided by forced air. Appliances listed include a gas oven, gas range, microwave, and refrigerator. Construction materials are wood siding with a wood frame structure, and the roof is composition asphalt.
The duplex is presented as well-maintained and includes a stated strong rental history. Located in downtown Grand Junction, it’s positioned for day-to-day convenience to shopping and schools.
The building includes a basement and additional rooms listed as Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 1, Bathroom 2, and a patio feature to support outdoor downtime. Please allow at least 48 hours’ notice for showings.
The duplex is presented as well-maintained and includes a stated strong rental history. Located in downtown Grand Junction, it’s positioned for day-to-day convenience to shopping and schools.
The building includes a basement and additional rooms listed as Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 1, Bathroom 2, and a patio feature to support outdoor downtime. Please allow at least 48 hours’ notice for showings.
Key Highlights
- Two‑unit duplex with a 2‑bedroom/1‑bath unit and a 1‑bedroom/1‑bath unit
- Ranch architectural style with a wood frame and wood siding exterior
- Forced‑air heating with carpet and vinyl flooring
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 | $18.7k | $15.36 |
| − Vacancy | −$1.4k | −$1.15 |
| EGI | $17.3k | $14.21 |
| − OpEx | −$5.2k | −$4.26 |
| NOI | $12.1k | $9.95 |
1,220 SF · lease $15.36/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$173.3K
$151.7K – $202.2K
NOI $12,134 @ 7.0% cap · market cap 3.07%
Second Best
Apartment 5plus
$159.2K
$139.3K – $185.7K
NOI $11,142 @ 7.0% cap · market cap 2.82%
Theoretical Best
Healthcare Medical
$2.32M
$2.03M – $2.70M
NOI $162,065 @ 7.0% cap · market cap 41.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,734
Businesses Nearby
Explore this area
Business Placement
Demographics for 81501, CO
23,935
Population
11,524
Households
2.1
Avg Household Size
33
Median Age
27%
College-Educated
90%
High-School Grad
8.7 sq mi
ZIP Area
2,751
Density / Sq Mi
$48,500
Median Household Income
$32,160
Median Earnings
$974
Median Rent
$283,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit ranch duplex with a patio, featuring a 2-bedroom/1-bath unit and a 1-bedroom/1-bath unit.
Where is this duplex located?
The property is located at 430 Ouray Avenue Grand Junction, CO.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Two‑unit duplex with a 2‑bedroom/1‑bath unit and a 1‑bedroom/1‑bath unit; Ranch architectural style with a wood frame and wood siding exterior; Forced‑air heating with carpet and vinyl flooring
