744 Colorado Avenue, Grand Junction, CO 81501
MULTI_FAMILY - Other - Grand Junction, CO
- Added:
- May 27, 2025
- Days on Market:
- 380
- Last Refresh:
- Jun 10 at 1:06 am
Property Features for 744 Colorado Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 2, Bedroom 4, Bathroom 2, Bedroom 3, Bedroom 1
- Parking features
- RV
- Patio and Porch features
- Patio
- Appliances
- Dishwasher, ElectricOven, ElectricRange, GasOven, GasRange, Refrigerator
- Standard status
- Active
- APN
- 2945-144-20-008
- Size
- 2,360 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 1260
Utilities
- Heating system
- Natural Gas
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Hardwood, Tile
- Building materials
- WoodSiding, WoodFrame
- Roof type
- Metal
- Architectural style
- Other
- Additional Structures
- Outbuilding
Listing agent Dan Bishop (970) 216-4622
Listing office CENTURY 21 ELEVATED REAL ESTATE 330 GRAND AVENUE, GRAND JUNCTION, CO (970) 718-9009
Listing date May 27, 2025
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.
HighLights
- Duplex with two large updated units, each with 2 bedrooms and 1 bathroom
- B‑2 zoning with a detached building, offering potential for additional units (buyer to verify)
- Hardwood flooring throughout, plus tile flooring in parts of the home
- Each unit includes enclosed front and back porches and a separate fenced yard
- Recent improvements include a professionally reinforced foundation, new paint, and refinished floors
- Utilities include public water and natural gas heat; metal roof; RV parking available
Overview
Local 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 | $36.2k | $15.36 |
| − Vacancy | −$2.7k | −$1.15 |
| EGI | $33.5k | $14.21 |
| − OpEx | −$10.1k | −$4.26 |
| NOI | $23.5k | $9.95 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Grand Junction
- County
- Mesa
- State
- Colorado
- Longitude
- -108.55976
- Latitude
- 39.066545
