1038 Rood Avenue Grand Junction, CO 81501
MULTI_FAMILY - Other - Grand Junction, CO
Property Features for 1038 Rood Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 2
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bathroom 3, Bedroom 1, Bathroom 1, Bedroom 2, Basement
- Interior features
- WalkInClosets
- Appliances
- Dryer, Dishwasher, ElectricOven, ElectricRange, Refrigerator, Washer
- Standard status
- Active
- APN
- 2945-144-11-015
- Size
- 2,332 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 1859
Utilities
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Vinyl, Carpet, Hardwood
- Building materials
- VinylSiding, WoodFrame
- Roof type
- Metal
- Architectural style
- Other
Listing agent Kathleen Haas License #100087561 (970) 531-7448
Listing office COLORADO REALTY 4 LESS, LLC 355 S TELLER ST STE 200, MORRISON, CO (970) 531-7448
Listing date Jul 15, 2026
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.
Set on a generous lot, the duplex includes a large backyard. The seller notes the property’s suitability for adding an Accessory Dwelling Unit (ADU), and frames it as a potential fit for buyers seeking immediate rental income with additional future possibilities.
The current configuration provides a practical mix of occupied and ready-to-show space, whether you’re considering an owner-occupant setup or a small multifamily hold.
Key Highlights
- Downtown duplex with two 1‑bedroom units (one unit with stable long‑term tenants; the other unit is vacant).
- One unit features a spacious two‑story layout with 2 bathrooms; the other unit is a single‑level 1 bed/1 bath.
- Large backyard on a generous lot, offering outdoor space for future use.
Local 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 | $35.8k | $15.36 |
| − Vacancy | −$2.7k | −$1.15 |
| EGI | $33.1k | $14.21 |
| − OpEx | −$9.9k | −$4.26 |
| NOI | $23.2k | $9.95 |
