Upgraded Ranch
New
For Sale
$390,000
2430 Bunting Avenue, Grand Junction, CO 81501
MULTI_FAMILY - Ranch - Grand Junction, CO
Property Size1,688 SF
Lot Size0.16 Acres
Price / SF$231.04
Days on Market4
Property Features for 2430 Bunting Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
RM-8
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 2, Bedroom 3, Bedroom 1, Bathroom 2
Interior features
CeilingFans
Appliances
ElectricOven, ElectricRange, Disposal, Refrigerator
Subdivision
Teller Acres
Lot features
Landscaped
Elementary school
Orchard Avenue
Middle school
Bookcliff
High school
Grand Junction
Directions
From North Avenue, go north on N25th Street. Turn left immediately on Bunting. House will be on the 2nd house on the right.
Standard status
Active
APN
2945-124-21-026
Size
1,688 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
1416
Utilities
Heating system
Natural Gas, Forced Air
Water source
Public
Amenities
mini splits
Building Details
Year built
1983
Floors in Building
1
Number of units
2
Flooring type
Carpet, Linoleum
Building materials
Stone, WoodSiding, WoodFrame
Roof type
Asphalt, Composition
Architectural style
Ranch
Listing Agency:
RONIN REAL ESTATE PROFESSIONALS ERA POWERED · ERA Real Estate
(970) 549-1052
Listed By:
Thomas Barkoczy · License #FA100044997
(970) 201-0257
Added: Aug 8
Changed: Aug 10
Last Checked: Aug 11 at 7:06PM
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.
Investment Insights
Based on property information with market context.
This ranch-style duplex contains 1,688 square feet on a 0.16-acre parcel in Grand Junction. Built in 1983, the property includes three bedrooms and two bathrooms, with wood-frame construction, stone and wood siding, carpet and linoleum flooring, ceiling fans, and natural-gas forced-air heating. Public water service supports the property, and the roof uses asphalt and composition materials.
Several improvements have been completed, including replacement of the main sewer line and installation of new mini-split systems in each unit. The property is located near a college at 2430 Bunting Avenue, providing a two-unit residential configuration with updated mechanical features and standard kitchen appliances.
Several improvements have been completed, including replacement of the main sewer line and installation of new mini-split systems in each unit. The property is located near a college at 2430 Bunting Avenue, providing a two-unit residential configuration with updated mechanical features and standard kitchen appliances.
Key Highlights
- 1,688‑square‑foot duplex on a 0.16‑acre parcel
- Three bedrooms and two bathrooms in a ranch‑style layout
- New mini‑split systems installed in each unit
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
$16,788
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
4.30%
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%
$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
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
$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 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%
$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 4.30%
Second Best
Apartment 5plus
$220.2K
$192.7K – $256.9K
NOI $15,416 @ 7.0% cap · market cap 3.95%
Theoretical Best
Healthcare Medical
$3.20M
$2.80M – $3.74M
NOI $224,234 @ 7.0% cap · market cap 57.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
774
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit ranch property near a college with recently replaced sewer infrastructure and separate mini-split systems.
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 $390,000.
What are key features of this property?
This property features: 1,688‑square‑foot duplex on a 0.16‑acre parcel; Three bedrooms and two bathrooms in a ranch‑style layout; New mini‑split systems installed in each unit
