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    915 Grand Ave Grand Junction, CO 81501

    For Sale
    $819,000

    MULTI_FAMILY - Other - Grand Junction, CO

    Property size:
    3,132 SF
    Lot size:
    0.17 Acres
    Days on Market:
    101
    Last Refresh:
    Dec 6 at 6:06 pm

    Property Features for 915 Grand Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 8, Bathroom 2, Bathroom 3, Basement, Bedroom 5, Bedroom 4, Bedroom 3, Bathroom 1, Bedroom 7, Bedroom 6
    Bedrooms
    8
    Bathrooms
    3
    APN
    2945-144-03-023
    Patio and Porch features
    Deck, Patio
    Interior features
    LaminateCounters
    Appliances
    Dryer, Dishwasher, ElectricOven, ElectricRange, Microwave, Refrigerator, Washer
    Size
    3,132 SF
    Lot size
    0.17 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1910
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Vinyl, Carpet
    Building materials
    VinylSiding, WoodFrame
    Roof type
    Composition, Asphalt
    Architectural style
    Other

    COLDWELL BANKER DISTINCTIVE PROPERTIES (970) 243-0456

    Listing agent Tammy Bendetti (970) 773-3110

    Listing date Aug 28, 2025

    Overview

    Historic Grand Junction Multifamily Home

    Located in downtown Grand Junction, this property features historic charm with modern updates, including air conditioning. The two upper floors are fully furnished and operate as a licensed short-term rental, averaging $3000 per month. The license is transferable to the new owner. The recently renovated basement has 3 bedrooms and 1 bathroom and rents long-term for $1800 per month. The basement unit benefits from ample sunlight, remaining cool in the summer and cozy in the winter. The property includes original woodwork and soaring ceilings. It has 5 bedrooms and 2 baths. The lot size is 0.17 acres. The property has a total size of 3132 square feet. A separate backyard area is provided for each unit. The freestanding garage is separately metered and has a security system and is currently used for storage. The property is suited for income generation or comfortable living with rental income offset. The property is located in a walkable area. Water-wise xeriscaping simplifies yard maintenance.
    Property Profile Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Daycare Center 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
    -108.557258
    Latitude
    39.070069

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    FAQs

    What type of property is this?
    Short term rental property - Charming, updated multifamily property in downtown Grand Junction.
    Where is this short term rental property located?
    The property is located at 915 Grand Ave Grand Junction, CO.
    What is the asking price?
    The asking price for this property is $819,000.
    What are key features of this property?
    This property features: - Proven income potential: Upper floors generate $3000/month as a short-term rental and the basement generates $1800/month as a long-term rental.; - Transferable short-term rental license: Property is fully licensed with the City of Grand Junction, and the license transfers to the new owner.; - Prime downtown location: Highly walkable area.
    (970) 773-3110
    Request Owner's contact information
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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
    915 Grand Ave Grand Junction, CO 81501
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