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    Grand Junction Duplex Investment Property Title is generated by Realmo AI

    3006 1/2 Oakwood Drive, Grand Junction, CO 81504

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    Claim this Listing
    For Sale
    $596,310

    MULTI_FAMILY - Ranch - Grand Junction, CO

    Type:Single Family Residence
    Property size:
    3,058 SF
    Lot size:
    0.10 Acres
    Price / SF:
    $195/SF
    Added:
    Apr 13, 2026
    Days on Market:
    70
    Last Refresh:
    Jun 21 at 11:06 pm

    Property Features for 3006 1/2 Oakwood Drive

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Single Family Residence
    Bedrooms
    6
    Bathrooms
    4
    Rooms
    Bathroom 2, Bedroom 6, Bathroom 3, Bathroom 1, Bedroom 2, Bedroom 1, Bedroom 3, Bedroom 4, Bedroom 5, Bathroom 4
    Patio and Porch features
    Patio
    Interior features
    ProgrammableThermostat
    Appliances
    Dishwasher, Refrigerator
    Standard status
    Active
    APN
    294316398001/002
    Size
    3,058 SF
    Lot size
    0.10 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    2478

    Utilities

    Heating system
    Forced Air
    Water source
    Public

    Building Details

    Year built
    2006
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Laminate, Carpet
    Building materials
    Stucco, WoodFrame
    Roof type
    Asphalt, Composition
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Theresa Englbrecht
    Theresa Englbrecht

    Listing agent Theresa Englbrecht License #FA100006764

    Listing office VENTURE GROUP 627 24 1/2 RD UNIT D, GRAND JUNCTION, CO

    Listing date Apr 13, 2026

    MLS# 20261686 Listing URL

    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.

    HighLights

    • Duplex built in 2006 with a ranch architectural style
    • Both sides feature 3 bedrooms and 2 bathrooms
    • Interior features include a programmable thermostat
    • Kitchen appliances include a dishwasher and refrigerator
    • Heating is forced air
    • Public water supply

    Overview

    This residential investment duplex, constructed in 2006, features a 5.22% cap rate and a history of successful rentals. Each side of the duplex includes 3 bedrooms and 2 bathrooms. The property, situated on a 0.1-acre lot, offers a total of 3058 square feet of living space. Located in Grand Junction, Colorado, this multifamily property presents an opportunity for residential income. An APOD is available for review. Information, including square footage, measurements, pricing, and availability, is subject to change or error without notice and should be verified by the buyer.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $47.0k $15.36
    − Vacancy −$3.5k −$1.15
    EGI $43.4k $14.21
    − OpEx −$13.0k −$4.26
    NOI $30.4k $9.95
    3,058 SF · lease $15.36/SF/yr · vacancy 7.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $434.5K
    $380.2K – $506.9K (±1% cap)
    NOI $30,414 @ 7.0% cap · market cap 5.10%
    Second Best
    Apartment 5plus
    $399.0K
    $349.1K – $465.5K (±1% cap)
    NOI $27,928 @ 7.0% cap · market cap 4.68%
    Theoretical Best
    Healthcare Medical
    $5.80M
    $5.08M – $6.77M (±1% cap)
    NOI $406,225 @ 7.0% cap · market cap 68.12%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Pharmacy Auto Repair Shop Skin Care Clinic Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Grand Junction
    County
    Mesa
    State
    Colorado
    Longitude
    -108.494871
    Latitude
    39.067489

    FAQs

    What type of property is this?
    Duplex - Residential investment duplex with excellent rental history in Grand Junction.
    Where is this duplex located?
    The property is located at 3006 1/2 Oakwood Drive Grand Junction, CO.
    What is the asking price?
    The asking price for this property is $596,310.
    What are key features of this property?
    This property features: Duplex built in 2006 with a ranch architectural style; Both sides feature 3 bedrooms and 2 bathrooms; Interior features include a programmable thermostat
    More about this property
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