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1011 Belford Ave Grand Junction, CO 81501

1011 Belford Ave, Grand Junction, CO, 81501

$490,000

For Sale

$490,000

Side-by-side duplex with separate utilities, two bedrooms-per-unit layouts, and on-site laundry for straightforward rental management.

Property Size1,904 SF

Lot Size0.14 Acres

Price / SF$257.35

Days on Market34

Property Features for 1011 Belford Ave

General Information

Standard status: Active
Property type: Duplexes, Multifamily properties, Residential income properties
Size: 1,904 SF
Lot size: 0.14 Acres

Building Details

Year Built: 1964

Listing Office

Listed by Andrea

Added: Jun 13 Checked: Jul 15 at 1:40 pm

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$29.2k	$15.36
− Vacancy	−$2.2k	−$1.15
EGI	$27.1k	$14.21
− OpEx	−$8.1k	−$4.26
NOI	$18.9k	$9.95

1,904 SF · lease $15.36/SF/yr · vacancy 7.50% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$270.5K

$236.7K – $315.6K (±1% cap)

NOI $18,936 @ 7.0% cap · market cap 3.86%

Second Best

Apartment 5plus

$248.4K

$217.4K – $289.8K (±1% cap)

NOI $17,389 @ 7.0% cap · market cap 3.55%

Theoretical Best

Healthcare Medical

$3.61M

$3.16M – $4.22M (±1% cap)

NOI $252,927 @ 7.0% cap · market cap 51.62%

Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

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