Two-Story Duplex
665 Tilman Drive Grand Junction, CO 81506
New
665 Tilman Drive, Grand Junction, CO, 81506
$680,000
For Sale
$680,000
MULTI_FAMILY - Other - Grand Junction, CO
Property Size2,333 SF
Lot Size0.24 Acres
Price / SF$291.47
Days on Market1
Property Features for 665 Tilman Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 3
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bedroom 1, Bedroom 3, Bathroom 3, Bathroom 1, Bedroom 2
- Parking features
- Open
- Patio and Porch features
- Patio
- Interior features
- CeilingFans, GraniteCounters, GardenTubRomanTub, Pantry, WalkInClosets, WalkInShower, WindowTreatments, ProgrammableThermostat
- Exterior features
- SprinklerIrrigation
- Fireplace
- 1
- Appliances
- Dishwasher, Disposal, GasOven, GasRange, Microwave
- Standard status
- Active
- APN
- 2945-021-43-002
- Size
- 2,333 SF
- Lot size
- 0.24 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 2525
Utilities
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2022
- Floors in Building
- 2
- Number of units
- 1
- Flooring type
- Tile, Vinyl, Carpet
- Building materials
- Stone, Stucco, WoodFrame
- Roof type
- Asphalt, Composition
- Architectural style
- Other
Listing agency
RIVER CITY REAL ESTATE, LLC
(970) 248-8501
Listed by
Sean Moon · License #FA100088928
(970) 260-9948
Added: Jul 22 Checked: Jul 22 at 5:06PM
MLS# 20263581
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.
Brand-new two-story duplex offering three spacious bedrooms upstairs, including a versatile bonus/flex room for additional living space. The main level includes a dedicated office that can also function as an optional fourth bedroom. The open-concept living area is anchored by a gas fireplace, with a dry bar area nearby. The kitchen features granite countertops, a tile backsplash, gas range/oven, dishwasher, and built-in microwave, along with abundant cabinetry for storage.
The property includes a private balcony and a landscaped, fenced yard included with the purchase. Exterior finishes are stucco and stone.
The duplex is located in the Village Center North Area community and is described as being moments from Safeway and St. Mary’s Hospital, with dining options, Bookcliff Country Club, and approximately five minutes to the airport. The property is offered at 665 Tilman Drive in Grand Junction, Colorado.
The property includes a private balcony and a landscaped, fenced yard included with the purchase. Exterior finishes are stucco and stone.
The duplex is located in the Village Center North Area community and is described as being moments from Safeway and St. Mary’s Hospital, with dining options, Bookcliff Country Club, and approximately five minutes to the airport. The property is offered at 665 Tilman Drive in Grand Junction, Colorado.
Key Highlights
- 2022‑built duplex with two‑story layout
- Open‑concept living area with a gas fireplace and ceiling fans
- Kitchen features granite countertops, gas range/oven, microwave, dishwasher, and disposal
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 | $35.8k | $15.36 |
| − Vacancy | −$2.7k | −$1.15 |
| EGI | $33.1k | $14.21 |
| − OpEx | −$9.9k | −$4.26 |
| NOI | $23.2k | $9.95 |
2,333 SF · lease $15.36/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$331.5K
$290.0K – $386.7K
NOI $23,203 @ 7.0% cap · market cap 3.41%
Second Best
Apartment 5plus
$304.4K
$266.3K – $355.1K
NOI $21,307 @ 7.0% cap · market cap 3.13%
Theoretical Best
Healthcare Medical
$4.43M
$3.87M – $5.17M
NOI $309,916 @ 7.0% cap · market cap 45.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Brand-new two-story duplex with upstairs bedrooms, bonus flex room, and a fenced yard with balcony.
Where is this duplex located?
The property is located at 665 Tilman Drive Grand Junction, CO.
What is the asking price?
The asking price for this property is $680,000.
What are key features of this property?
This property features: 2022‑built duplex with two‑story layout; Open‑concept living area with a gas fireplace and ceiling fans; Kitchen features granite countertops, gas range/oven, microwave, dishwasher, and disposal
