Log Duplex with Wraparound
For Sale
$799,900
531 Oakbrush Circle, Collbran, CO 81624
Residential, Collbran, CO
Property Size2,860 SF
Lot Size0.60 Acres
Price / SF$279.69
Days on Market97
Property Features for 531 Oakbrush Circle
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
SFR
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bedroom 2, Bathroom 1, Bathroom 3, Bedroom 1, Bedroom 3
Parking features
Open, RV
Spa
1
Patio and Porch features
Deck
Interior features
CeilingFans, GardenTubRomanTub, LaminateCounters
Exterior features
RvHookup, Shed
Appliances
Dryer, Dishwasher, ElectricOven, ElectricRange, Disposal, Microwave, Refrigerator, Washer
Subdivision
Terrells
Lot features
Irregular Lot, Landscaped
Elementary school
Plateau Valley
Middle school
Plateau Valley
High school
Plateau Valley
Directions
70 to Hwy 65 to Hwy 330 to Collbran. Continue straight (do not turn onto Main St.) to Glenarm St. turn right to Oakbrush Circle, turn left continue to home on right.
Standard status
Active
APN
2667356130
Size
2,860 SF
Lot size
0.60 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
1783
Utilities
Heating system
Baseboard, Natural Gas
Water source
Public
Amenities
wrap around deck
hot tub
heated garage
finished breezeway
private deck
grill
exercise room
Building Details
Year built
1996
Floors in Building
2
Number of units
2
Flooring type
Tile, Linoleum, Hardwood, Carpet, Vinyl
Building materials
Log
Roof type
Metal
Architectural style
Other
Additional Structures
Shed(s)
Listing Agency:
REALTY ONE GROUP WESTERN SLOPE
(970) 628-1001
Listed By:
Harriet Matthews
(970) 314-8537
Added: Jul 17
Changed: Oct 21
Last Checked: Oct 21 at 9:06PM
MLS# 20265207
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 2,860-square-foot log duplex, built in 1996, includes a main home and a separate mother-in-law residence. The main home features an open living area with exposed log trusses, a primary bedroom with deck access, and a loft with a private bedroom, bathroom, exercise room, and additional open space. A heated garage and finished breezeway add interior and vehicle space. The wraparound deck has Trex decking and metal railings.
The second residence has a private deck, hot tub, grill, and yard. The property sits on a cul-de-sac near the edge of Collbran. Furnishings may be included in the sale.
The second residence has a private deck, hot tub, grill, and yard. The property sits on a cul-de-sac near the edge of Collbran. Furnishings may be included in the sale.
Key Highlights
- 2,860‑square‑foot log duplex built in 1996
- Main home includes a loft with a private bedroom, bathroom, exercise room, and open area
- Wraparound deck features Trex decking and metal railings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,120
Cap Rate
3.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$522,400
$522.4K
Cap Rate 7%
$373,143
$373.1K
Cap Rate 9%
$290,222
$290.2K
Market Conditions
NOI Build-Up for 2,860 SF
Gross rent
$51.5K $18.00/SF
− Vacancy
−$4.0K −$1.40/SF
EGI
$47.5K $16.61/SF
− OpEx
−$21.4K −$7.47/SF
NOI
$26.1K $9.13/SF
Area
Mesa County, CO
Vacancy
7.75%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$522,400
Cap Rate 7%
$373,143
Cap Rate 9%
$290,222
Alternative Uses
Best Use
Apartment 5plus
$373.1K
$326.5K – $435.3K
NOI $26,120 @ 7.0% cap · market cap 3.27%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$5.43M
$4.75M – $6.33M
NOI $379,922 @ 7.0% cap · market cap 47.50%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
57
Businesses Nearby
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Business Placement
Demographics for 81624, CO
1,196
Population
803
Households
1.5
Avg Household Size
47
Median Age
21%
College-Educated
92%
High-School Grad
548.8 sq mi
ZIP Area
2
Density / Sq Mi
$89,900
Median Household Income
$31,382
Median Earnings
$1,563
Median Rent
$467,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Short term rental property - A second residence includes a private deck, hot tub, grill, and yard.
Where is this short term rental property located?
The property is located at 531 Oakbrush Circle Collbran, CO.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: 2,860‑square‑foot log duplex built in 1996; Main home includes a loft with a private bedroom, bathroom, exercise room, and open area; Wraparound deck features Trex decking and metal railings
