Side-by-Side Duplex
1011 Belford Avenue Grand Junction, CO 81501
For Sale
$490,000
MULTI_FAMILY - Other - Grand Junction, CO
Property Size1,904 SF
Lot Size0.14 Acres
Price / SF$257.35
Days on Market47
Property Features for 1011 Belford Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Rooms
Bedroom 4, Bedroom 2, Bedroom 1, Bedroom 3, Bathroom 2, Bathroom 1
Patio and Porch features
Patio
Interior features
Pantry, WindowTreatments
Appliances
ElectricOven, ElectricRange, Refrigerator
Standard status
Active
APN
2945-141-08-002
Size
1,904 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
1821
Utilities
Heating system
Electric (Heating)
Water source
Public
Building Details
Year built
1964
Floors in Building
2
Number of units
2
Flooring type
Carpet, Laminate, Vinyl, Tile
Building materials
Block, WoodSiding
Roof type
Asphalt, Composition
Architectural style
Other
Listing Agency:
BRAY/COMMERCIAL
(970) 241-2909
Listed By:
Andrea Haitz
(970) 201-3578
Added: Jun 13
Changed: Jul 26
Last Checked: Jul 29 at 6:06AM
MLS# 20262816
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 is a side-by-side duplex located at 1011 and 1013 Belford Avenue. The building provides two separate residential units, with a combined total of about 1,964 square feet. Unit 1011 has 2 bedrooms and 1.5 bathrooms and is listed at approximately 1,020 square feet. Unit 1013 has 2 bedrooms and 1 bathroom and is listed at approximately 944 square feet. Recent updates include fresh interior paint throughout, new flooring, and updated appliances in Unit 1011. Each unit has its own electric and water meters. An open patio and on-site laundry are included for day-to-day convenience.
The duplex is situated on a 50 x 125 lot. Public remarks indicate the property is just off 10th Street with easy access to campus and local amenities, placing it within a practical commuting area for renters.
For buyers seeking a manageable, two-unit structure, the separate meters can simplify utility billing and reduce cross-unit complexity. With updates completed and in-unit laundry available on site, the layout supports day-to-day resident needs while keeping the property configuration straightforward for long-term rental operation.
The duplex is situated on a 50 x 125 lot. Public remarks indicate the property is just off 10th Street with easy access to campus and local amenities, placing it within a practical commuting area for renters.
For buyers seeking a manageable, two-unit structure, the separate meters can simplify utility billing and reduce cross-unit complexity. With updates completed and in-unit laundry available on site, the layout supports day-to-day resident needs while keeping the property configuration straightforward for long-term rental operation.
Key Highlights
- Side‑by‑side duplex at 1011 & 1013 Belford Avenue with 1,964 total SF
- Two‑unit layout: Unit 1011 has 2 bed, 1.5 bath, 1,020 SF; Unit 1013 has 2 bed, 1 bath, 944 SF
- Both units have separate electric and water meters
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 | $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
NOI $18,936 @ 7.0% cap · market cap 3.86%
Second Best
Apartment 5plus
$248.4K
$217.4K – $289.8K
NOI $17,389 @ 7.0% cap · market cap 3.55%
Theoretical Best
Healthcare Medical
$3.61M
$3.16M – $4.22M
NOI $252,927 @ 7.0% cap · market cap 51.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Side-by-side duplex with separate utilities, two bedrooms-per-unit layouts, and on-site laundry for straightforward rental management.
Where is this duplex located?
The property is located at 1011 Belford Avenue Grand Junction, CO.
What is the asking price?
The asking price for this property is $490,000.
What are key features of this property?
This property features: Side‑by‑side duplex at 1011 & 1013 Belford Avenue with 1,964 total SF; Two‑unit layout: Unit 1011 has 2 bed, 1.5 bath, 1,020 SF; Unit 1013 has 2 bed, 1 bath, 944 SF; Both units have separate electric and water meters
