Single-Story
For Sale
$445,000
239 S Elm Street, Fruita, CO 81521
Residential, Fruita, CO
Property Size1,745 SF
Price / SF$255.01
Days on Market145
Property Features for 239 S Elm Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 2, Bathroom 1, Bedroom 3, Bedroom 1, Bathroom 2
Appliances
Dishwasher, Refrigerator
Elementary school
Shelledy
Middle school
Fruita
High school
Fruita Monument
Directions
From Highway 50 in Fruita, turn north onto South Elm Street. 239 South Elm is on the left, across from Fruita's Reed Park.
Subdivision
Fruita
Standard status
Active
APN
2697-173-02-016
Size
1,745 SF
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
1586
Utilities
Heating system
Electric (Heating)
Amenities
private fenced-in patio
Building Details
Year built
1986
Floors in Building
1
Number of units
2
Flooring type
Laminate
Building materials
WoodSiding, WoodFrame
Roof type
Asphalt, Composition
Architectural style
Ranch
Listing Agency:
9TH PATH REALTY - BROKERAGE
Listed By:
Jason Fish
(970) 248-8399
Added: May 18
Changed: Oct 9
Last Checked: Oct 9 at 4:06PM
MLS# 20262356
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 1,745-square-foot, single-story duplex was built in 1986 and contains two rental residences, each configured with two bedrooms and one bathroom. Recent improvements have been made to both units, which also have individual fenced patio areas. Dishwasher and refrigerator appliances are included. Each residence is occupied, with tenants paying utilities separately; the current occupancy arrangements extend through September 2027 for Unit A and August 2027 for Unit B.
The property is across from Reed Park and approximately 0.5 miles from downtown Fruita, City Market, and downtown dining and bars. Its Downtown Mixed Use - Core zoning designation is also relevant to the site's redevelopment context.
The property is across from Reed Park and approximately 0.5 miles from downtown Fruita, City Market, and downtown dining and bars. Its Downtown Mixed Use - Core zoning designation is also relevant to the site's redevelopment context.
Key Highlights
- Two rental units, each with 2 bedrooms and 1 bathroom
- 1,745 square feet; built in 1986
- Zoned Downtown Mixed Use - Core
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,355
Cap Rate
3.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$347,100
$347.1K
Cap Rate 7%
$247,929
$247.9K
Cap Rate 9%
$192,833
$192.8K
Market Conditions
NOI Build-Up for 1,745 SF
Gross rent
$26.8K $15.36/SF
− Vacancy
−$2.0K −$1.15/SF
EGI
$24.8K $14.21/SF
− OpEx
−$7.4K −$4.26/SF
NOI
$17.4K $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 Rate 5%
$347,100
Cap Rate 7%
$247,929
Cap Rate 9%
$192,833
Alternative Uses
Best Use
Multifamily LT 5
$247.9K
$216.9K – $289.3K
NOI $17,355 @ 7.0% cap · market cap 3.90%
Second Best
Apartment 5plus
$227.7K
$199.2K – $265.6K
NOI $15,937 @ 7.0% cap · market cap 3.58%
Theoretical Best
Healthcare Medical
$3.31M
$2.90M – $3.86M
NOI $231,806 @ 7.0% cap · market cap 52.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
824
Businesses Nearby
Explore this area
Business Placement
Demographics for 81521, CO
16,446
Population
6,531
Households
2.5
Avg Household Size
40
Median Age
32%
College-Educated
94%
High-School Grad
181.6 sq mi
ZIP Area
91
Density / Sq Mi
$82,632
Median Household Income
$41,801
Median Earnings
$1,249
Median Rent
$385,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Both residences are occupied and feature recent improvements, separate utilities, and private fenced patios.
Where is this duplex located?
The property is located at 239 S Elm Street Fruita, CO.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: Two rental units, each with 2 bedrooms and 1 bathroom; 1,745 square feet; built in 1986; Zoned Downtown Mixed Use - Core
