Two-Unit Residential Income
936 Teller Avenue Grand Junction, CO 81501
For Sale
$439,000
Two residential units include a detached ADU with alley access; main unit features multi-level living and a private yard deck.
Property Size2,052 SF
Price / SF$213.94
Days on Market265
Property Features for 936 Teller Avenue
General Information
- Standard status
- Active
- Size
- 2,052 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1924
Listing Agency:
COLDWELL BANKER DISTINCTIVE PROPERTIES
(970) 243-0456
Listed By:
JEN PEDERSEN · License #FA40046880
(970) 201-4468
Source:
Xome
Added: Nov 2, 2025
Changed: Jul 22
Last Checked: Jul 24 at 5:25AM
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 COLDWELL BANKER DISTINCTIVE PROPERTIES
Investment Insights
Based on property information with market context.
This two-unit residential income property includes a main residence and a detached accessory dwelling unit (ADU). The main residence offers comfortable living space with a primary bedroom and bath on the main level, plus additional bedrooms, a bathroom, and laundry on the lower level. Outside, the property includes a private yard and deck with mature landscaping. The detached ADU provides an additional separate unit, with alley access for convenient entry.
The property is located near Colorado Mesa University and downtown Grand Junction, along with Lincoln Park. It sits on a quiet street while remaining close to restaurants, shopping, parks, recreation, and other amenities. The property is currently vacant, and the most recent stated rental amounts were $1,500 per month for unit 1 and $700 per month for unit 2; buyers should verify all information.
The property is located near Colorado Mesa University and downtown Grand Junction, along with Lincoln Park. It sits on a quiet street while remaining close to restaurants, shopping, parks, recreation, and other amenities. The property is currently vacant, and the most recent stated rental amounts were $1,500 per month for unit 1 and $700 per month for unit 2; buyers should verify all information.
Key Highlights
- Two‑unit property with a main residence plus a detached 480 SF ADU (unit 2) with alley access
- Main unit (unit 1) is 1,572 SF with a primary bedroom and bath on the main level, plus two additional bedrooms and laundry on the lower level
- Most recent rents: $1,500/mo for unit 1 and $700/mo for unit 2; property is currently vacant
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 | $31.5k | $15.36 |
| − Vacancy | −$2.4k | −$1.15 |
| EGI | $29.2k | $14.21 |
| − OpEx | −$8.7k | −$4.26 |
| NOI | $20.4k | $9.95 |
2,052 SF · lease $15.36/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$291.5K
$255.1K – $340.1K
NOI $20,408 @ 7.0% cap · market cap 4.65%
Second Best
Apartment 5plus
$267.7K
$234.3K – $312.3K
NOI $18,740 @ 7.0% cap · market cap 4.27%
Theoretical Best
Healthcare Medical
$3.89M
$3.41M – $4.54M
NOI $272,588 @ 7.0% cap · market cap 62.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two residential units include a detached ADU with alley access; main unit features multi-level living and a private yard deck.
Where is this duplex located?
The property is located at 936 Teller Avenue Grand Junction, CO.
What is the asking price?
The asking price for this property is $439,000.
What are key features of this property?
This property features: Two‑unit property with a main residence plus a detached 480 SF ADU (unit 2) with alley access; Main unit (unit 1) is 1,572 SF with a primary bedroom and bath on the main level, plus two additional bedrooms and laundry on the lower level; Most recent rents: $1,500/mo for unit 1 and $700/mo for unit 2; property is currently vacant
