Duplex With Two Attached
665 Tilman Drive Grand Junction, CO 81506
For Sale
$1,360,000
MULTI_FAMILY - Other - Grand Junction, CO
Property Size4,666 SF
Lot Size0.24 Acres
Price / SF$291.47
Days on Market144
Property Features for 665 Tilman Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 6
- Bathrooms
- 6
- Rooms
- Bathroom 1, Bathroom 5, Bedroom 5, Bathroom 4, Bedroom 3, Bedroom 4, Bathroom 2, Bathroom 3, Bedroom 1, Bathroom 6, Bedroom 6, 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, Refrigerator
- Standard status
- Active
- APN
- 2945-021-38-023
- Size
- 4,666 SF
- Lot size
- 0.24 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 6196
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
- 2
- Flooring type
- Carpet, Vinyl, Tile
- Building materials
- Stone, Stucco, WoodFrame
- Roof type
- Composition, Asphalt
- Architectural style
- Other
Listing Agency:
RIVER CITY REAL ESTATE, LLC
(970) 248-8501
Listed By:
Sean Moon
(970) 260-9948
Added: Mar 3
Changed: Jul 24
Last Checked: Jul 25 at 11:06AM
MLS# 20260921
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 property consists of both sides of a duplex, with each two-story unit mirroring the other in layout and features. Each side includes three bedrooms plus an upstairs bonus/flex room, and also offers a main-level office that can function as an optional fourth bedroom. Living areas feature an open-concept design with gas fireplaces, and each unit has a kitchen with granite countertops, tile backsplash, a gas range/oven, dishwasher, built-in microwave, and ample cabinetry. Additional in-unit details include a dry bar area, private balconies, landscaped and fenced yards, and central refrigerated air.
The duplex is located in the Village Center community in Grand Junction’s North Area, with convenience to Safeway, St. Mary’s Hospital, restaurants, Bookcliff Country Club, and a noted five-minute drive to the airport.
Both sides feature stucco and stone exteriors, and each unit includes an attached two-car garage. HOA dues are estimated at $250 annually per unit.
The duplex is located in the Village Center community in Grand Junction’s North Area, with convenience to Safeway, St. Mary’s Hospital, restaurants, Bookcliff Country Club, and a noted five-minute drive to the airport.
Both sides feature stucco and stone exteriors, and each unit includes an attached two-car garage. HOA dues are estimated at $250 annually per unit.
Key Highlights
- Brand‑new duplex (built 2022) with both sides offered together in the Village Center community
- Two‑story units with 3 bedrooms plus a upstairs bonus/flex room, and main‑level office or optional 4th bedroom
- Each unit features granite kitchen counters, tile backsplash, gas range/oven, built‑in microwave, dishwasher, and refrigerator
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 | $71.7k | $15.36 |
| − Vacancy | −$5.4k | −$1.15 |
| EGI | $66.3k | $14.21 |
| − OpEx | −$19.9k | −$4.26 |
| NOI | $46.4k | $9.95 |
4,666 SF · lease $15.36/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$662.9K
$580.1K – $773.4K
NOI $46,406 @ 7.0% cap · market cap 3.41%
Second Best
Apartment 5plus
$608.8K
$532.7K – $710.2K
NOI $42,613 @ 7.0% cap · market cap 3.13%
Theoretical Best
Healthcare Medical
$8.85M
$7.75M – $10.33M
NOI $619,831 @ 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
FAQs
What type of property is this?
Duplex - Each two-story side offers three bedrooms, a bonus flex room, and attached two-car garage parking.
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 $1,360,000.
What are key features of this property?
This property features: Brand‑new duplex (built 2022) with both sides offered together in the Village Center community; Two‑story units with 3 bedrooms plus a upstairs bonus/flex room, and main‑level office or optional 4th bedroom; Each unit features granite kitchen counters, tile backsplash, gas range/oven, built‑in microwave, dishwasher, and refrigerator
