Furnished Duplex with 3-Car
For Sale
Contact for pricing
1460 MAIN ST, Grand Junction, CO 81501
Two furnished residences offer flexible occupancy options in a downtown setting with outdoor areas, parking, and additional storage.
Property Size2,047 SF
Price / SF$341.48
Days on Market39
Property Features for 1460 MAIN ST
General Information
Standard status
Active
Size
2,047 SF
Total Parking Spaces
6
Property subtype
Multifamily
Zoning
RSF
Investment Type
Owner/User
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/2BA
Multifamily Units
2
Additional Details
Furnished
Yes
Amenities
cabana
patio
front porch
bike room
fruit trees
Building Details
Year Built
1905
Year Renovated
2021
Buildings
2
Stories
2
Units
2
Listing Agency:
United Country Real Colorado Properties
Listed By:
Nate Richardson · License #CO FA40039256
Source:
Crexi
Added: Jul 23
Changed: Aug 30
Last Checked: Aug 30 at 7:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of United Country Real Colorado Properties
Investment Insights
Based on property information with market context.
This duplex includes two separate homes totaling 2,047 square feet. The front residence offers 3 bedrooms and 2 bathrooms, along with a front porch, patio, and cabana. The rear residence, known as “The LOFT,” provides 2 bedrooms, 2 bathrooms, a 3-car garage, a parking area, and a dedicated storage and bike room. Both units are furnished and have been offered on Airbnb.
The property is in downtown Grand Junction, within walking distance of downtown amenities and positioned for bicycle access throughout the area. Easy-care landscaping includes 3 fruit trees and decorative bushes maintained on a drip system. RSF zoning applies to the property.
The property is in downtown Grand Junction, within walking distance of downtown amenities and positioned for bicycle access throughout the area. Easy-care landscaping includes 3 fruit trees and decorative bushes maintained on a drip system. RSF zoning applies to the property.
Key Highlights
- Two‑home duplex totaling 2,047 square feet
- Front home includes 3 bedrooms, 2 bathrooms, front porch, patio, and cabana
- Rear “The LOFT” unit offers 2 bedrooms, 2 bathrooms, and a 3‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,359
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.91%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$407,180
$407.2K
Cap Rate 7%
$290,843
$290.8K
Cap Rate 9%
$226,211
$226.2K
Market Conditions
NOI Build-Up for 2,047 SF
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.
Gross rent
$31.4K $15.36/SF
− Vacancy
−$2.4K −$1.15/SF
EGI
$29.1K $14.21/SF
− OpEx
−$8.7K −$4.26/SF
NOI
$20.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$407,180
Cap Rate 7%
$290,843
Cap Rate 9%
$226,211
Alternative Uses
Best Use
Multifamily LT 5
$290.8K
$254.5K – $339.3K
NOI $20,359 @ 7.0% cap · market cap 2.91%
Second Best
Apartment 5plus
$267.1K
$233.7K – $311.6K
NOI $18,695 @ 7.0% cap · market cap 2.67%
Theoretical Best
Healthcare Medical
$3.88M
$3.40M – $4.53M
NOI $271,923 @ 7.0% cap · market cap 38.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
972
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two furnished residences offer flexible occupancy options in a downtown setting with outdoor areas, parking, and additional storage.
Where is this duplex located?
The property is located at 1460 MAIN ST Grand Junction, CO.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Two‑home duplex totaling 2,047 square feet; Front home includes 3 bedrooms, 2 bathrooms, front porch, patio, and cabana; Rear “The LOFT” unit offers 2 bedrooms, 2 bathrooms, and a 3‑car garage
