Duplex With New
For Sale
$550,000
499 1/2 Forelle Street, Clifton, CO 81520
MULTI_FAMILY - Ranch - Clifton, CO
Property Size2,016 SF
Price / SF$272.82
Days on Market101
Property Features for 499 1/2 Forelle Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
RMF-8
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bathroom 3, Bedroom 5, Bedroom 2, Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 2, Bedroom 6, Bathroom 1
Parking features
Open
Patio and Porch features
Patio
Interior features
CeilingFans, Pantry, WindowTreatments
Appliances
Dishwasher, ElectricOven, ElectricRange, Disposal, Microwave, Refrigerator
Lot features
Landscaped
Elementary school
Rocky Mountain
Middle school
MT Garfield (Mesa County)
High school
Palisade
Directions
From 32 Road, turn east onto E Road, then turn right onto Forelle Street. Property is located on the right corner of E Road and Forelle Street.
Subdivision
Clifton
Standard status
Active
APN
2943-141-00-152
Size
2,016 SF
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
2010
Utilities
Heating system
Baseboard
Water source
Public
Building Details
Year built
2001
Floors in Building
1
Number of units
2
Flooring type
Tile, Carpet
Building materials
VinylSiding, WoodFrame
Roof type
Composition, Asphalt
Architectural style
Ranch
Listing Agency:
VENTURE GROUP
(970) 892-2200
Listed By:
Cory Carlson · License #100087222
(970) 261-9311
Added: Apr 24
Changed: Aug 1
Last Checked: Aug 2 at 12:06PM
MLS# 20261975
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.
Ranch duplex on a 2016 SF footprint built in 2001, offering two identical units. Unit A and Unit B each include three bedrooms and two bathrooms, along with an attached 2-car garage per unit. The property features vinyl siding with wood-frame construction, carpet and tile flooring, and baseboard heating. Interior comforts include ceiling fans, pantry, and window treatments, and the kitchen appliances include a dishwasher, electric oven, electric range, disposal, microwave, and refrigerator. Exterior amenities include a patio.
A new roof was installed as of June 20, 2026. Water is provided via public sources. The listing also notes two current tenants in place and describes the duplex as having a large backyard.
With the consistent unit layout and attached garages on both sides, the property provides straightforward live-and-lease flexibility or a tenant-supported arrangement for investors.
A new roof was installed as of June 20, 2026. Water is provided via public sources. The listing also notes two current tenants in place and describes the duplex as having a large backyard.
With the consistent unit layout and attached garages on both sides, the property provides straightforward live-and-lease flexibility or a tenant-supported arrangement for investors.
Key Highlights
- New roof installed June 20, 2026
- Two current tenants in place
- Each unit offers 3 bedrooms, 2 bathrooms, and an attached 2‑car garage
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 | $31.0k | $15.36 |
| − Vacancy | −$2.3k | −$1.15 |
| EGI | $28.6k | $14.21 |
| − OpEx | −$8.6k | −$4.26 |
| NOI | $20.1k | $9.95 |
2,016 SF · lease $15.36/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$286.4K
$250.6K – $334.2K
NOI $20,050 @ 7.0% cap · market cap 3.65%
Second Best
Apartment 5plus
$263.0K
$230.2K – $306.9K
NOI $18,412 @ 7.0% cap · market cap 3.35%
Theoretical Best
Healthcare Medical
$3.83M
$3.35M – $4.46M
NOI $267,805 @ 7.0% cap · market cap 48.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
90
Businesses Nearby
Explore this area
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
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 - Ranch duplex with two units, each featuring 3 bedrooms, 2 bathrooms, and an attached 2-car garage.
Where is this duplex located?
The property is located at 499 1/2 Forelle Street Clifton, CO.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: New roof installed June 20, 2026; Two current tenants in place; Each unit offers 3 bedrooms, 2 bathrooms, and an attached 2‑car garage
