Upgraded Duplex with
2430 Bunting Avenue, Grand Junction, CO 81501
For Sale
$355,000
Residential, Grand Junction, CO
Property Size1,688 SF
Lot Size0.16 Acres
Price / SF$210.31
Days on Market96
Property Features for 2430 Bunting Avenue
General Information
Property type
Property subtype
Zoning description
Bedrooms
Bathrooms
Full bathrooms
Rooms
Interior features
Appliances
Subdivision
Lot features
Elementary school
Middle school
High school
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Heating system
Water source
Amenities
Mini splits
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Architectural style
Listing Agency:
RONIN REAL ESTATE PROFESSIONALS ERA POWERED · ERA Real Estate
(970) 549-1052
Listed By:
Thomas Barkoczy
(970) 201-0257
Added: Aug 8
Changed: Oct 31
Last Checked: Nov 11 at 1:06AM
MLS# 20263933
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 ranch-style duplex contains 1,688 square feet on a 0.16-acre lot. The property was built in 1983 and includes three bedrooms and two bathrooms, with carpet and linoleum flooring, ceiling fans, and a combination of forced-air and natural-gas heating. Each unit has a mini-split system, while the kitchen areas include electric ovens, electric ranges, disposals, and refrigerators.
The main sewer line has been replaced, and the property is served by public water. Located at 2430 Bunting Avenue in Grand Junction, the duplex is close to a college and offers a residential income property configuration supported by separate unit systems and recent infrastructure work.
The main sewer line has been replaced, and the property is served by public water. Located at 2430 Bunting Avenue in Grand Junction, the duplex is close to a college and offers a residential income property configuration supported by separate unit systems and recent infrastructure work.
Key Highlights
- Duplex with 1,688 square feet on a 0.16‑acre lot
- Main sewer line recently replaced
- New mini‑split systems in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,788
Cap Rate
4.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$335,760
$335.8K
Cap Rate 7%
$239,829
$239.8K
Cap Rate 9%
$186,533
$186.5K
Market Conditions
NOI Build-Up for 1,688 SF
Gross rent
$25.9K $15.36/SF
− Vacancy
−$1.9K −$1.15/SF
EGI
$24.0K $14.21/SF
− OpEx
−$7.2K −$4.26/SF
NOI
$16.8K $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%
$335,760
Cap Rate 7%
$239,829
Cap Rate 9%
$186,533
Alternative Uses
Best Use
Multifamily LT 5
$239.8K
$209.9K – $279.8K
NOI $16,788 @ 7.0% cap · market cap 4.73%
Second Best
Apartment 5plus
$220.2K
$192.7K – $256.9K
NOI $15,416 @ 7.0% cap · market cap 4.34%
Theoretical Best
Specialty Retail
$354.4K
$310.1K – $413.4K
NOI $24,806 @ 7.0% cap · market cap 6.99%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
817
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
$283,300
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Grand Junction, CO
Properties on Market for Duplexes in Grand Junction
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Ranch-style duplex with updated sewer infrastructure and dedicated mini-split systems serving each unit.
Where is this duplex located?
The property is located at 2430 Bunting Avenue Grand Junction, CO.
What is the asking price?
The asking price for this property is $355,000.
What are key features of this property?
This property features: Duplex with 1,688 square feet on a 0.16‑acre lot; Main sewer line recently replaced; New mini‑split systems in each unit
