Two-Unit Property Near
936 Teller Avenue Grand Junction, CO 81501
For Sale
$439,000
MULTI_FAMILY - Ranch - Grand Junction, CO
Property Size2,052 SF
Lot Size0.14 Acres
Price / SF$213.94
Days on Market180
Property Features for 936 Teller Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
3
Rooms
Bedroom 3, Bedroom 1, Bathroom 1, Bathroom 2, Bathroom 3, Basement, Bedroom 4, Bedroom 2
Patio and Porch features
Patio
Interior features
CeilingFans, WindowTreatments, ProgrammableThermostat
Exterior features
SprinklerIrrigation
Appliances
Dryer, Dishwasher, GasOven, GasRange, Refrigerator, Washer
Standard status
Active
APN
2945-141-09-011
Size
2,052 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2039
Utilities
Heating system
Baseboard
Water source
Public
Building Details
Year built
1924
Floors in Building
1
Number of units
2
Flooring type
Carpet, Hardwood, Tile, Concrete
Building materials
VinylSiding, WoodFrame
Roof type
Composition, Asphalt
Architectural style
Ranch
Listing Agency:
COLDWELL BANKER DISTINCTIVE PROPERTIES
(970) 243-0456
Listed By:
Jen Pedersen · License #FA40046880
(970) 201-4468
Added: Jan 30
Changed: Jul 26
Last Checked: Jul 29 at 6:06AM
MLS# 20260856
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.
This two-unit property is located near Colorado Mesa University and downtown Grand Junction. The main residence, Unit 1, provides 1572 square feet of living space with a main-level primary bedroom and bath. The lower level includes two additional bedrooms, a bathroom, and laundry facilities. The property features a private yard with a deck, mature landscaping, and space for outdoor activities. A detached 480-square-foot accessory dwelling unit (ADU), Unit 2, is ideal for rental income, a guest house, or a home office. Alley access enhances the convenience of the ADU. Situated on a quiet street, the property is close to restaurants, shopping, parks, recreation, and other amenities. Its location provides convenient access to campus and downtown. The lot size is 0.14 acres. The most recent rental amounts were $1500 per month for Unit 1 and $700 per month for Unit 2. The property is currently vacant.
Key Highlights
- Two‑unit property with main residence plus a detached 480 SF ADU (unit 2)
- Main residence is 1,572 SF with a primary bedroom and bath on the main 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 authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Charming two-unit property near CMU and downtown Grand Junction.
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 main residence plus a detached 480 SF ADU (unit 2); Main residence is 1,572 SF with a primary bedroom and bath on the main level; Most recent rents: $1,500/mo for unit 1 and $700/mo for unit 2; property is currently vacant
