Stucco Ranch
For Sale
$795,000
2348 Carolina Drive, Grand Junction, CO 81507
Residential, Grand Junction, CO
Property Size2,778 SF
Lot Size0.49 Acres
Price / SF$286.18
Days on Market121
Property Features for 2348 Carolina Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
RSF4
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bathroom 3, Bathroom 4, Bedroom 3, Bedroom 2, Bedroom 5, Bedroom 6, Bathroom 1, Bathroom 2, Bedroom 1
Parking features
Open, RV
Patio and Porch features
Patio
Interior features
CeilingFans, LaminateCounters, Pantry, WalkInClosets
Exterior features
SprinklerIrrigation
Appliances
Dishwasher, ElectricOven, ElectricRange, Disposal, Microwave, Refrigerator
Lot features
Corner Lot, Landscaped, Sprinkler System
Elementary school
Broadway
Middle school
Redlands
High school
Grand Junction
Directions
Broadway to Vista Grande, turn North to Carolina - turn West
Subdivision
Redlands
Standard status
Active
APN
2945-172-10-003
Size
2,778 SF
Lot size
0.49 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
2883
Utilities
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
covered patio
privacy fence
central air
Building Details
Year built
2014
Floors in Building
1
Number of units
2
Flooring type
Simulatedwood, Tile, Laminate, Carpet
Building materials
Stucco, WoodFrame
Roof type
Composition, Asphalt
Architectural style
Ranch
Listing Agency:
RE/MAX 4000, INC
(970) 241-4000
Listed By:
Lori Maser Jones · License #325
(970) 201-8000
Added: Jun 11
Changed: Oct 8
Last Checked: Oct 9 at 5:06PM
MLS# 20262792
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.
Built in 2014, this stucco ranch-style duplex contains two mirrored residences totaling 2,778 square feet. Each side offers 1,389 square feet with 3 bedrooms, 2 bathrooms, an open-concept living area, split-bedroom arrangement, laminate flooring, central air, forced-air natural gas heat, and a 2-car garage. Both units also include a private yard, covered patio, privacy fencing, and RV parking. Public water serves the property, and the construction includes a stem wall foundation with asphalt composition roofing.
The duplex occupies 0.49 acres at 2348 Carolina Drive in Grand Junction’s Redlands area. The property has no covenants and includes practical interior features such as walk-in closets, pantry storage, ceiling fans, and laminate counters. Each residence is separately configured while sharing the same overall building design.
The duplex occupies 0.49 acres at 2348 Carolina Drive in Grand Junction’s Redlands area. The property has no covenants and includes practical interior features such as walk-in closets, pantry storage, ceiling fans, and laminate counters. Each residence is separately configured while sharing the same overall building design.
Key Highlights
- Two‑unit duplex totaling 2,778 square feet
- Each unit measures 1,389 square feet with 3 bedrooms and 2 bathrooms
- Built in 2014 with stucco ranch‑style construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,629
Cap Rate
3.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$552,580
$552.6K
Cap Rate 7%
$394,700
$394.7K
Cap Rate 9%
$306,989
$307.0K
Market Conditions
NOI Build-Up for 2,778 SF
Gross rent
$42.7K $15.36/SF
− Vacancy
−$3.2K −$1.15/SF
EGI
$39.5K $14.21/SF
− OpEx
−$11.8K −$4.26/SF
NOI
$27.6K $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%
$552,580
Cap Rate 7%
$394,700
Cap Rate 9%
$306,989
Alternative Uses
Best Use
Multifamily LT 5
$394.7K
$345.4K – $460.5K
NOI $27,629 @ 7.0% cap · market cap 3.48%
Second Best
Apartment 5plus
$362.4K
$317.1K – $422.9K
NOI $25,371 @ 7.0% cap · market cap 3.19%
Theoretical Best
Healthcare Medical
$5.27M
$4.61M – $6.15M
NOI $369,030 @ 7.0% cap · market cap 46.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
96
Businesses Nearby
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Business Placement
Demographics for 81507, CO
16,053
Population
7,256
Households
2.2
Avg Household Size
51
Median Age
56%
College-Educated
98%
High-School Grad
112.2 sq mi
ZIP Area
143
Density / Sq Mi
$106,039
Median Household Income
$53,084
Median Earnings
$1,580
Median Rent
$491,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two mirrored residences provide private yards, covered patios, garages, and separate living areas.
Where is this duplex located?
The property is located at 2348 Carolina Drive Grand Junction, CO.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 2,778 square feet; Each unit measures 1,389 square feet with 3 bedrooms and 2 bathrooms; Built in 2014 with stucco ranch‑style construction
