Triplex with Fenced
3234 1/2 White Avenue, Clifton, CO 81520
For Sale
$495,000
Residential, Clifton, CO
Property Size3,072 SF
Price / SF$161.13
Days on Market48
Property Features for 3234 1/2 White Avenue
General Information
Property type
Property subtype
Zoning description
Bedrooms
Bathrooms
Full bathrooms
Rooms
Patio and Porch features
Pets allowed
Interior features
Appliances
Subdivision
Elementary school
Middle school
High school
Directions
Standard status
APN
Size
Taxes and HOA fees
Tax Year
Tax Annual Amount
HOA Fee
Utilities
Heating system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Architectural style
Buildings
Listing Agency:
MOUNTAIN VALLEY REAL ESTATE
(970) 263-7250
Listed By:
Micah Fritzel
(970) 261-1150
Added: Sep 23
Changed: Oct 31
Last Checked: Nov 9 at 11:06AM
MLS# 20264781
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 multifamily offering includes 3 of 4 units within a fourplex, with each residence deeded separately. The units provide 2 bedrooms and 1 bathroom, along with a fenced backyard. Total property size is 3,072 square feet, and the building was constructed in 1981 with wood-frame construction, wood siding, composition and asphalt roofing, and public water service.
Units 3 and 4 received interior and exterior updates in 2024, while exterior paint was also completed for units 2, 3, and 4. Interior features include pantries and window treatments, with electric ranges, electric ovens, refrigerators, and dishwashers provided. Vinyl and carpet flooring, baseboard and hot-water heating, and patios add to the existing configuration. Utility-related HOA administration is currently handled by the owner.
Units 3 and 4 received interior and exterior updates in 2024, while exterior paint was also completed for units 2, 3, and 4. Interior features include pantries and window treatments, with electric ranges, electric ovens, refrigerators, and dishwashers provided. Vinyl and carpet flooring, baseboard and hot-water heating, and patios add to the existing configuration. Utility-related HOA administration is currently handled by the owner.
Key Highlights
- 3 of 4 units in a fourplex, with each unit deeded separately
- 3,072 square feet; built in 1981
- Each unit includes 2 bedrooms, 1 bathroom, and a fenced backyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,553
Cap Rate
6.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$611,060
$611.1K
Cap Rate 7%
$436,471
$436.5K
Cap Rate 9%
$339,478
$339.5K
Market Conditions
NOI Build-Up for 3,072 SF
Gross rent
$47.2K $15.36/SF
− Vacancy
−$3.5K −$1.15/SF
EGI
$43.6K $14.21/SF
− OpEx
−$13.1K −$4.26/SF
NOI
$30.6K $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%
$611,060
Cap Rate 7%
$436,471
Cap Rate 9%
$339,478
Alternative Uses
Best Use
Multifamily LT 5
$436.5K
$381.9K – $509.2K
NOI $30,553 @ 7.0% cap · market cap 6.17%
Second Best
Apartment 5plus
$400.8K
$350.7K – $467.6K
NOI $28,056 @ 7.0% cap · market cap 5.67%
Theoretical Best
Specialty Retail
$644.9K
$564.3K – $752.4K
NOI $45,144 @ 7.0% cap · market cap 9.12%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
131
Businesses Nearby
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Business Placement
Demographics for 81520, CO
14,042
Population
5,411
Households
2.6
Avg Household Size
35
Median Age
11%
College-Educated
81%
High-School Grad
20.5 sq mi
ZIP Area
685
Density / Sq Mi
$50,769
Median Household Income
$34,375
Median Earnings
$1,013
Median Rent
$228,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three separately deeded residences offer two-bedroom layouts, private outdoor space, and shared utility administration.
Where is this triplex located?
The property is located at 3234 1/2 White Avenue Clifton, CO.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 3 of 4 units in a fourplex, with each unit deeded separately; 3,072 square feet; built in 1981; Each unit includes 2 bedrooms, 1 bathroom, and a fenced backyard
