Duplex with Detached
For Sale
$399,500
Grand Junction, CO 81501, Grand Junction, CO 81501
Residential, Grand Junction, CO
Property Size2,052 SF
Lot Size0.14 Acres
Price / SF$194.69
Days on Market60
Property Features
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
RSF
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 4, Bathroom 3, Bathroom 2, Bedroom 3, Bedroom 1, Basement, Bedroom 2, Bathroom 1
Patio and Porch features
Patio, Deck
Interior features
CeilingFans, JettedTub, VaultedCeilings, WalkInShower, WindowTreatments
Exterior features
IrrigationSprinklers
Appliances
Dryer, Dishwasher, Disposal, GasOven, GasRange, Microwave, Refrigerator, Washer
Lot features
Landscaped, Sprinkler System
Elementary school
Chipeta
Middle school
West
High school
Grand Junction
Subdivision
City of Grd Jct
Standard status
Active
Size
2,052 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
2024
Utilities
Heating system
Baseboard, Natural Gas, Hot Water(Heating)
Water source
Public
Building Details
Year built
1924
Floors in Building
1
Number of units
2
Flooring type
Vinyl, Hardwood, Tile, Carpet
Building materials
VinylSiding, WoodFrame
Roof type
Asphalt, Composition
Architectural style
Ranch
Listing Agency:
THE AGENCY GRAND JUNCTION
(970) 236-3636
Listed By:
David Kimbrough - The Kimbrough Team · License #FA40033615
(970) 263-7355
Added: Aug 17
Changed: Oct 14
Last Checked: Oct 15 at 1:06AM
MLS# 20265123
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 1,572-square-foot main house is paired with a detached 480-square-foot ADU, bringing the property to 2,052 square feet. The primary residence has three bedrooms and two bathrooms, while the ADU includes a bedroom, full bath, updated kitchen, and private entrance. The main home features hardwood flooring, vaulted ceilings, exposed beams, and a finished basement with two non-conforming bedrooms, a bathroom, and laundry area. A solar system, included appliances, and off-street parking are also provided.
The property is two blocks south of North Avenue, near Colorado Mesa University and Lincoln Park, and less than a mile from downtown Grand Junction. Alley access leads to parking, and the fenced backyard includes a composite deck and garden path.
The property is two blocks south of North Avenue, near Colorado Mesa University and Lincoln Park, and less than a mile from downtown Grand Junction. Alley access leads to parking, and the fenced backyard includes a composite deck and garden path.
Key Highlights
- Detached 480 sq ft ADU with private entrance, bedroom, full bath, and updated kitchen
- Main house has 3 bedrooms and 2 bathrooms; basement includes 2 non‑conforming bedrooms
- Combined property size of 2,052 square feet on a 0.14‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,408
Cap Rate
5.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$408,160
$408.2K
Cap Rate 7%
$291,543
$291.5K
Cap Rate 9%
$226,756
$226.8K
Market Conditions
NOI Build-Up for 2,052 SF
Gross rent
$31.5K $15.36/SF
− Vacancy
−$2.4K −$1.15/SF
EGI
$29.2K $14.21/SF
− OpEx
−$8.7K −$4.26/SF
NOI
$20.4K $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 Rate 5%
$408,160
Cap Rate 7%
$291,543
Cap Rate 9%
$226,756
Alternative Uses
Best Use
Multifamily LT 5
$291.5K
$255.1K – $340.1K
NOI $20,408 @ 7.0% cap · market cap 5.11%
Second Best
Apartment 5plus
$267.7K
$234.3K – $312.3K
NOI $18,740 @ 7.0% cap · market cap 4.69%
Theoretical Best
Healthcare Medical
$3.89M
$3.41M – $4.54M
NOI $272,588 @ 7.0% cap · market cap 68.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Paved road access
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - A separate dwelling with its own entrance adds flexibility to this four-bedroom property near Colorado Mesa University.
Where is this duplex located?
The property is located at Grand Junction, CO.
What is the asking price?
The asking price for this property is $399,500.
What are key features of this property?
This property features: Detached 480 sq ft ADU with private entrance, bedroom, full bath, and updated kitchen; Main house has 3 bedrooms and 2 bathrooms; basement includes 2 non‑conforming bedrooms; Combined property size of 2,052 square feet on a 0.14‑acre lot
