Two-Unit
For Sale
$395,000
430 Ouray Avenue #A & B, Grand Junction, CO 81501
Separate residences include one- and two-bedroom layouts with one bathroom in each unit.
Property Size1,220 SF
Price / SF$323.77
Days on Market54
Property Features for 430 Ouray Avenue #A & B
General Information
Standard status
Active
Size
1,220 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Building Details
Year Built
1905
Listing Agency:
CENTURY 21 ELEVATED REAL ESTATE
(970) 640-7404
Listed By:
Chanel Crumbaugh · License #2618
Source:
Buygrandjunctionco
Added: Jul 9
Changed: Aug 30
Last Checked: Aug 30 at 1:35PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CENTURY 21 ELEVATED REAL ESTATE
Investment Insights
Based on property information with market context.
This duplex contains 1,220 square feet across two residential units: one residence has two bedrooms and one bathroom, while the other offers one bedroom and one bathroom. The property was built in 1905 and has an established rental history.
Located at 430 Ouray Avenue in downtown Grand Junction, the property is positioned near shopping and schools. The two-unit configuration provides distinct living spaces within a single residential income property.
Located at 430 Ouray Avenue in downtown Grand Junction, the property is positioned near shopping and schools. The two-unit configuration provides distinct living spaces within a single residential income property.
Key Highlights
- Two‑unit duplex with 1,220 square feet
- Unit mix includes one 2‑bedroom, 1‑bath unit and one 1‑bedroom, 1‑bath unit
- Built in 1905
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
$12,134
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
3.07%
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%
$242,680
$242.7K
Cap Rate 7%
$173,343
$173.3K
Cap Rate 9%
$134,822
$134.8K
Market Conditions
NOI Build-Up for 1,220 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
$18.7K $15.36/SF
− Vacancy
−$1.4K −$1.15/SF
EGI
$17.3K $14.21/SF
− OpEx
−$5.2K −$4.26/SF
NOI
$12.1K $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%
$242,680
Cap Rate 7%
$173,343
Cap Rate 9%
$134,822
Alternative Uses
Best Use
Multifamily LT 5
$173.3K
$151.7K – $202.2K
NOI $12,134 @ 7.0% cap · market cap 3.07%
Second Best
Apartment 5plus
$159.2K
$139.3K – $185.7K
NOI $11,142 @ 7.0% cap · market cap 2.82%
Theoretical Best
Healthcare Medical
$2.32M
$2.03M – $2.70M
NOI $162,065 @ 7.0% cap · market cap 41.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,160
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
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Frequently Asked Questions
What type of property is this?
Duplex - Separate residences include one- and two-bedroom layouts with one bathroom in each unit.
Where is this duplex located?
The property is located at 430 Ouray Avenue #A & B Grand Junction, CO.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,220 square feet; Unit mix includes one 2‑bedroom, 1‑bath unit and one 1‑bedroom, 1‑bath unit; Built in 1905
