Updated Side-by-Side
For Sale
$459,000
1011 Belford Avenue, Grand Junction, CO 81501
Residential, Grand Junction, CO
Property Size1,904 SF
Lot Size0.14 Acres
Price / SF$241.07
Days on Market125
Property Features for 1011 Belford Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Multifamily
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 1, Bedroom 1, Bedroom 3, Bedroom 4, Bathroom 2
Patio and Porch features
Patio
Interior features
Pantry, WindowTreatments
Appliances
ElectricOven, ElectricRange, Refrigerator
Elementary school
Chipeta
Middle school
West
High school
Grand Junction
Directions
From 1st and North Ave. Travel east on North Ave. Turn right on 10TH ST. at BELFORD, then turn left.
Subdivision
Grand Junction City
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
Amenities
open patio
on-site laundry
Building Details
Year built
1964
Floors in Building
2
Number of units
2
Flooring type
Tile, Vinyl, Laminate, Carpet
Building materials
Block, WoodSiding
Roof type
Asphalt, Composition
Architectural style
Other
Listing Agency:
BRAY/COMMERCIAL
(970) 241-2909
Listed By:
Andrea Haitz · License #100022694
(970) 201-3578
Added: Jun 13
Changed: Oct 14
Last Checked: Oct 15 at 7:06PM
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.
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Investment Insights
Based on property information with market context.
This side-by-side duplex at 1011 Belford Avenue includes two residences with a combined four bedrooms and two bathrooms. Unit 1011 provides 2 bedrooms, 1.5 baths, and 1,020 square feet; Unit 1013 has 2 bedrooms, 1 bath, and 944 square feet. Recent work in Unit 1011 includes interior paint, new flooring, and updated appliances. Each unit has its own electric meter, while shared property features include an open patio and on-site laundry.
The property occupies a 50-by-125-foot lot just off 10th Street in Grand Junction. Its location provides access to the university, downtown, and local amenities. Built in 1964, the duplex has block and wood siding construction, electric heat, public water, and composition and asphalt roofing.
The property occupies a 50-by-125-foot lot just off 10th Street in Grand Junction. Its location provides access to the university, downtown, and local amenities. Built in 1964, the duplex has block and wood siding construction, electric heat, public water, and composition and asphalt roofing.
Key Highlights
- Two‑unit side‑by‑side duplex with four bedrooms and two bathrooms
- Unit 1011: 2 bedrooms, 1.5 baths, and 1,020 square feet
- Unit 1013: 2 bedrooms, 1 bath, and 944 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,936
Cap Rate
4.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$378,720
$378.7K
Cap Rate 7%
$270,514
$270.5K
Cap Rate 9%
$210,400
$210.4K
Market Conditions
NOI Build-Up for 1,904 SF
Gross rent
$29.2K $15.36/SF
− Vacancy
−$2.2K −$1.15/SF
EGI
$27.1K $14.21/SF
− OpEx
−$8.1K −$4.26/SF
NOI
$18.9K $9.95/SF
Area
Mesa County, CO
Vacancy
7.50%
Lease Rate
$15.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$378,720
Cap Rate 7%
$270,514
Cap Rate 9%
$210,400
Alternative Uses
Best Use
Multifamily LT 5
$270.5K
$236.7K – $315.6K
NOI $18,936 @ 7.0% cap · market cap 4.13%
Second Best
Apartment 5plus
$248.4K
$217.4K – $289.8K
NOI $17,389 @ 7.0% cap · market cap 3.79%
Theoretical Best
Healthcare Medical
$3.61M
$3.16M – $4.22M
NOI $252,927 @ 7.0% cap · market cap 55.10%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,152
Businesses Nearby
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Business Placement
Demographics for 81501, CO
23,935
Population
11,524
Households
2.1
Avg Household Size
33
Median Age
27%
College-Educated
90%
High-School Grad
8.7 sq mi
ZIP Area
2,751
Density / Sq Mi
$48,500
Median Household Income
$32,160
Median Earnings
$974
Median Rent
$283,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two separately metered residences with refreshed interiors, on-site laundry, and an open patio near downtown and the university.
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 $459,000.
What are key features of this property?
This property features: Two‑unit side‑by‑side duplex with four bedrooms and two bathrooms; Unit 1011: 2 bedrooms, 1.5 baths, and 1,020 square feet; Unit 1013: 2 bedrooms, 1 bath, and 944 square feet
