New Construction
For Sale
$790,000
599 & 598 Treviso Court, Grand Junction, CO 81501
MULTI_FAMILY - Other - Grand Junction, CO
Property Size2,934 SF
Price / SF$269.26
Days on Market100
Property Features for 599 & 598 Treviso Court
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Zoning description
PD
Bedrooms
6
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 2, Bedroom 1, Bathroom 1, Bathroom 5, Bedroom 3, Bathroom 4, Bedroom 4, Bathroom 6, Bathroom 3, Bedroom 2, Bedroom 5, Bedroom 6
Parking features
Open
Patio and Porch features
Patio
Pets allowed
Yes
Interior features
CeilingFans, SolidSurfaceCounters, WalkInClosets, WalkInShower
Appliances
Dishwasher, ElectricOven, ElectricRange, Disposal, Microwave, Refrigerator
Subdivision
Bella Dimora Fil 2
Lot features
Cul De Sac, Landscaped
Elementary school
Orchard Avenue
Middle school
Bookcliff
High school
Central
Directions
From Patterson just East of 28 1/4 Rd, turn South onto Legends Way then turn left at first street onto Naples Drive, Second left on to Treviso. Duplex it is at the end of the Cul-de-sac. FINANCIAL
Standard status
Active
APN
2943-071-80-006
Size
2,934 SF
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
2385
HOA Fee
$72 Monthly
Utilities
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
2025
Floors in Building
2
Number of units
2
Flooring type
Vinyl, Carpet, Tile
Building materials
Stone, Stucco, WoodFrame
Roof type
Asphalt, Composition
Architectural style
Other
Listing Agency:
BROWN REAL ESTATE CO
(970) 640-8074
Listed By:
Keallan Dowells · License #FA100100392
(808) 203-9359
Added: Apr 30
Changed: Aug 7
Last Checked: Aug 7 at 11:06AM
MLS# 20262068
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.
New construction duplex at 599 & 598 Treviso Court, Grand Junction, CO 81501. The property is under construction (year built 2025) and is planned as two townhomes, each with three bedrooms and 2.5 bathrooms. Each unit includes an attached two-car garage with tall ceilings, an open main level with a spacious living area, a convenient half bath, and a dedicated laundry space. Upstairs, you’ll find all three bedrooms, including a primary suite with a walk-in closet and walk-in shower, plus two additional bedrooms and a full bathroom.
Interior finishes include Cali luxury vinyl plank flooring in the main living areas, carpet in the bedrooms, and tile flooring in the bathrooms. The kitchen features stainless steel appliances and Corian countertops. Construction materials include stone, stucco, and wood frame, with forced air heating and central air cooling. The roof is asphalt/composition, and the property is served by public water. A patio is included, and parking is listed as open.
The duplex is located directly across from an upcoming recreation center, with the convenience of being within 10 minutes of everything you need.
Interior finishes include Cali luxury vinyl plank flooring in the main living areas, carpet in the bedrooms, and tile flooring in the bathrooms. The kitchen features stainless steel appliances and Corian countertops. Construction materials include stone, stucco, and wood frame, with forced air heating and central air cooling. The roof is asphalt/composition, and the property is served by public water. A patio is included, and parking is listed as open.
The duplex is located directly across from an upcoming recreation center, with the convenience of being within 10 minutes of everything you need.
Key Highlights
- Under construction duplex with year built 2025 at 599 & 598 Treviso Court
- Two townhomes, each with 3 bedrooms and 2.5 bathrooms
- Attached 2‑car garage per unit with tall ceilings
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
$29,180
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
3.69%
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%
$583,600
$583.6K
Cap Rate 7%
$416,857
$416.9K
Cap Rate 9%
$324,222
$324.2K
Market Conditions
NOI Build-Up for 2,934 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
$45.1K $15.36/SF
− Vacancy
−$3.4K −$1.15/SF
EGI
$41.7K $14.21/SF
− OpEx
−$12.5K −$4.26/SF
NOI
$29.2K $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%
$583,600
Cap Rate 7%
$416,857
Cap Rate 9%
$324,222
Alternative Uses
Best Use
Multifamily LT 5
$416.9K
$364.8K – $486.3K
NOI $29,180 @ 7.0% cap · market cap 3.69%
Second Best
Apartment 5plus
$382.8K
$334.9K – $446.6K
NOI $26,795 @ 7.0% cap · market cap 3.39%
Theoretical Best
Healthcare Medical
$5.57M
$4.87M – $6.50M
NOI $389,753 @ 7.0% cap · market cap 49.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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 - Under-construction duplex with two attached two-car garages and central HVAC in a Legends/Bella Dimora community.
Where is this duplex located?
The property is located at 599 & 598 Treviso Court Grand Junction, CO.
What is the asking price?
The asking price for this property is $790,000.
What are key features of this property?
This property features: Under construction duplex with year built 2025 at 599 & 598 Treviso Court; Two townhomes, each with 3 bedrooms and 2.5 bathrooms; Attached 2‑car garage per unit with tall ceilings
