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    Grand Junction, CO Multifamily Properties for Sale

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    Downtown Grand Junction Investment Opportunity
    Updated: May 27, 2025
    Downtown Grand Junction Investment Opportunity

    744 Colorado Avenue, Grand Junction, CO 81501

    $399,000
    2,360 sqft 0.14 AC lot
    Downtown duplex with 2 units, each with 2 bedrooms and 1 bathroom, plus a detached building
    B‑2 zoning; described as allowing possible development of additional units
    Updated interiors with hardwood and tile flooring, new paint, and refinished floors
    Professionally reinforced foundation; kitchen and bath updates reported
    Enclosed front and back porches plus separate fenced yards for each unit
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    This listing looks promising.

    Here's a quick look at some key insights for

    744 Colorado Avenue, Grand Junction, CO 81501

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    • Est. Cap Rate

      5.9%
      NOI ÷ price

    • Est. NOI

      $23K
      Annual

    • Price @ 7% Cap

      $335K
      Suggested

    • Property Type

      Duplex
      Built 1900
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    Leased 4-Unit Residential Income
    Updated: Jul 15
    Leased 4-Unit Residential Income

    2045 Bunting Avenue, Grand Junction, CO 81501

    $739,000
    2,989 sqft 0.20 AC lot
    Fully leased 4‑plex in the heart of town, less than 1/2 mile from CMU
    Current cap rate of 7.31% with a pro‑forma cap rate of 8.22+%
    Separate storage building included with 5 storage units (one for each tenant plus one for owner/maintenance)
    Gas/electric separately metered; each tenant has fenced yard space and private laundry services
    New exterior paint and new showers throughout; 2 of the 4 units remodeled in the last couple of years with updated paint, flooring, fixtures, vanities, showers, and countertops
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    Six-Unit Apartment Building
    Six-Unit Apartment Building

    626 N 7th Street, Grand Junction, CO 81501

    $850,000
    4,261 sqft 0.24 AC lot

    Six apartments with two dorm-style units and all units rented month to month, plus recent mechanical updates.

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    Ranch Duplex with RV Parking
    Ranch Duplex with RV Parking

    2348 Carolina Drive, Grand Junction, CO 81507

    $795,000
    2,778 sqft 0.49 AC lot

    Stucco ranch duplex with two mirrored units, each with 3 beds, 2 baths, and a 2-car garage.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    MULTI_FAMILY - Other - Grand Junction, CO
    MULTI_FAMILY - Other - Grand Junction, CO

    1011 Belford Ave, Grand Junction, CO 81501

    $490,000
    1,904 sqft 0.14 AC lot

    Side-by-side duplex with separate utilities, two bedrooms-per-unit layouts, and on-site laundry for straightforward rental management.

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    Duplex With Two Attached Garages
    Duplex With Two Attached Garages

    665 Tilman Drive, Grand Junction, CO 81506

    $1,360,000
    4,666 sqft 0.24 AC lot

    Each two-story side offers three bedrooms, a bonus flex room, and attached two-car garage parking.

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    Grand Junction Duplex Investment Property
    Grand Junction Duplex Investment Property

    3006 1/2 3018 Oakwood Drive, Grand Junction, CO 81504

    $1,190,085
    6,103 sqft 0.10 AC lot

    Duplex with excellent rental history and a 5.22% cap rate.

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    Apartment Complex with Attached Garages
    Apartment Complex with Attached Garages

    501 Independent Avenue, Grand Junction, CO 81505

    $2,900,000
    17,259 sqft 0.16 AC lot

    Well-kept 12-unit complex in Grand Junction featuring attached garage spaces and in-unit laundry hookups.

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    Residential Duplex Investment Opportunity
    Residential Duplex Investment Opportunity

    3006 1/2 Oakwood Dr, Grand Junction, CO 81504

    $1,190,000
    6,103 sqft

    Duplex with excellent rental history, built in 2006.

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    Updated Duplex with Two 1-Bed Units
    Updated Duplex with Two 1-Bed Units

    1038 Rood Avenue, Grand Junction, CO 81501

    $475,000
    2,332 sqft

    Well-maintained duplex with two 1-bedroom units; one two-story 2-bath unit, the other single-level 1-bath, one vacant.

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    Two-Story Corner-Lot Duplex
    Two-Story Corner-Lot Duplex

    3140 Snake River Drive, Grand Junction, CO 81504

    $730,000
    3,025 sqft 0.18 AC lot

    Two-story duplex built in 2017 with private backyards, and each side on its own tax parcel.

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    Grand Junction Duplex Investment Property
    Grand Junction Duplex Investment Property

    3006 1/2 Oakwood Drive, Grand Junction, CO 81504

    $596,310
    3,058 sqft 0.10 AC lot

    Residential investment duplex with excellent rental history in Grand Junction.

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    Downtown Grand Junction Triplex
    Downtown Grand Junction Triplex

    236 Gunnison Avenue, Grand Junction, CO 81501

    $719,950
    1,978 sqft 0.17 AC lot

    Triplex near CMU with permitted, high-end remodels and long-term tenants.

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    Commercial Development Land Site
    Commercial Development Land Site

    697 27 1/2 Court, Grand Junction, CO 81506

    $695,000
    0.93 AC lot

    Nearly one acre of commercial development land with existing residences, suited for office-oriented uses.

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    New Construction Duplex Townhome Units
    New Construction Duplex Townhome Units

    599 & 598 Treviso Court, Grand Junction, CO 81501

    $799,995
    2,934 sqft

    Each side offers three bedrooms, two-and-a-half baths, and an attached two-car garage.

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    Grand Junction Duplex Investment Property
    Grand Junction Duplex Investment Property

    3018 Oakwood Drive, Grand Junction, CO 81504

    $593,775
    3,045 sqft 0.10 AC lot

    Residential investment duplex with excellent rental history in Grand Junction.

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    New Construction Townhomes with Views
    New Construction Townhomes with Views

    588 N Grand Falls Court, Grand Junction, CO 81501

    $2,475,000
    10,321 sqft 0.03 AC lot

    Five modern townhomes with quality finishes and incredible views.

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    Downtown Duplex with Two Units
    Downtown Duplex with Two Units

    430 Ouray Avenue, Grand Junction, CO 81501

    $395,000
    1,220 sqft

    Well-maintained duplex with a 2-bedroom and a 1-bedroom unit, located near shopping and schools in Grand Junction.

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    Side-by-Side Duplex Investment
    Side-by-Side Duplex Investment

    1011 Belford Avenue, Grand Junction, CO 81501

    $490,000
    1,904 sqft 0.14 AC lot

    Side-by-side duplex with separate utilities, two bedrooms-per-unit layouts, and on-site laundry for straightforward rental management.

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    Historic District Multifamily with ADU
    Historic District Multifamily with ADU

    815 N 7th Street, Grand Junction, CO 81501

    $749,900
    2,736 sqft 0.19 AC lot

    Versatile property in Grand Junction's 7th Street Historic District.

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    Grand Junction Quadplex Investment
    Grand Junction Quadplex Investment

    2931 Paula Lane, Grand Junction, CO 81504

    $950,000
    6,642 sqft 0.27 AC lot

    Quadplex with long-term tenants and recent unit refresh, offering an established rental history for investors.

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    Two-Unit Property Near CMU
    Two-Unit Property Near CMU

    936 Teller Avenue, Grand Junction, CO 81501

    $439,000
    2,052 sqft 0.14 AC lot

    Charming two-unit property near CMU and downtown Grand Junction.

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    Grand Junction Townhome Investment Opportunity
    Grand Junction Townhome Investment Opportunity

    581 W Indian Creek Drive, Grand Junction, CO 81501

    $1,636,000
    6,266 sqft 0.08 AC lot

    Four modern townhomes built in 2022 with strong rental income.

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    Updated Duplex Near Colorado Mesa
    Updated Duplex Near Colorado Mesa

    2336 Elm Avenue, Grand Junction, CO 81501

    $489,900
    2,864 sqft 0.07 AC lot

    Turnkey, fully rented duplex near CMU with high cap rate.

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    Grand Junction, CO Multifamily Properties Market Trends and Statistics

    Explore 72 multifamily properties for sale in Grand Junction, CO, showcased through 28 active listings on our real estate platform. These investment opportunities span a total of 109,288 square feet of properties for sale, with an estimated market value of $24,847,915.

    Sale prices for multifamily properties in Grand Junction, CO start at $395,000, averaging $1,080,344, and reaching up to $4,035,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Duplexes 16
    Apartment buildings 5
    Quadplexes 5
    Short term rental properties 2
    Triplexes 1

    Demographics Overview

    Population 112K
    Population Growth (5Y) +6.4%
    Median Household Income $72,757
    College Educated 40.7%

    High-Yield Neighborhoods for Investment

    Identify Grand Junction submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    81507 $795K
    81501 $818.9K
    81506 $943K
    81504 $972.8K
    81503 $3M

    Taxes & Financing

    Tax Rate (average for all types) 6.95%
    Property Tax per SF $95.50 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Mesa County

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

    The majority of commercial real estate listings in Grand Junction fall within the 100,000+ square foot range.

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    Most Searched ZIP Codes in Grand Junction, CO

    • 81501
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    • 81506
    • 81503
    • 81505
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