12

Downtown Grand Junction Multifamily Homes & Duplexes for Sale

Section Image
  • /11

    $525,000

    • 5 Beds
    • 4 Baths
    • 2,556 Sq Ft

    1270 Walnut Ave Unit A, B, C, D, Grand Junction, CO 81501

    Nice 4-plex located near Colorado Mesa University! Units A, B, and C are one bedroom an one bath units. Unit D is a stand alone building with two bedrooms and one bathroom. Unit B has new carpet. This fourplex offers strong value-add opportunities for an investor seeking immediate cash flow and future upside. The property is currently stabilized with consistent occupancy with some units below

    Cory Carlson VENTURE GROUP

    1270 Walnut Ave Unit A, B, C, D, Grand Junction, CO 81501
  • /25

    $499,900

    • 4 Beds
    • 2 Baths
    • 2,144 Sq Ft

    360 Belford Ave, Grand Junction, CO 81501

    Don’t miss this rare chance to own a versatile duplex in a prime Grand Junction location! Just a short walk to downtown shops, restaurants, farmers markets, and Colorado Mesa University, this property is ideal for investors or buyers looking to live in one unit while renting out the other. Each unit of the duplex features 2 bedrooms and 1 bathroom, with shared laundry in the basement for

    CASSIDY CROWELL REALTY ONE GROUP WESTERN SLOPE

    360 Belford Ave, Grand Junction, CO 81501
  • /7

    $275,000

    • 4 Beds
    • 2 Baths
    • 1,470 Sq Ft

    510 Court Rd Unit 1+1, Grand Junction, CO 81501

    Great location! Investment Opportunity! Mixed-Use Property! Seize this rare chance to own a 0.37-acre mixed-use property featuring two separate homes with independent utilities—ideal for residential, retail, or office use. Both roofs have been updated within the last five years. Located in a high-demand area, this versatile lot offers endless potential for investors, developers, or

    Yordanka Stereva HEIDEN HOMES REALTY

    510 Court Rd Unit 1+1, Grand Junction, CO 81501
  • /25

    $450,000

    • 5 Beds
    • 3 Baths
    • 2,052 Sq Ft

    1059 Rood Ave, Grand Junction, CO 81501

    Investment alert! Welcome to this great opportunity in the heart of Grand Junction’s vibrant downtown. This delightful turn-of-the-century classic on Rood Avenue has been smartly converted into three separate units, each brimming with personality and profit potential. Whether you're an investor seeking a steady income stream or a visionary ready to take advantage of GJ’s booming rental market -

    JOHN EMMETT WILLIAMS THE CHRISTI REECE GROUP

    1059 Rood Ave, Grand Junction, CO 81501
  • /10

    $2,200,000

    • 24 Beds
    • 23 Baths
    • 8,824 Sq Ft

    1940 North Ave, Grand Junction, CO 81501

    Excellent income opportunity with this 23-unit property just 7 blocks from Colorado Mesa University and directly across from the VA Hospital. The unit mix includes 21 studio-style rooms—20 without kitchens and 1 with a full kitchen—plus one 2-bedroom, 1-bath apartment and one 1-bedroom, 1-bath apartment. Current Rent Roll is $23,010.00, projected to perform at a 6.5 CAP for 2025 now that upgrades

    Rachel Justman CENTURY 21 CAPROCK REAL ESTATE

    1940 North Ave, Grand Junction, CO 81501
  • /20

    $819,000

    • 8 Beds
    • 3 Baths
    • 3,132 Sq Ft

    915 Grand Ave, Grand Junction, CO 81501

    Own one of Grand Junction's historic homes! Located in the beloved and highly walkable downtown area, this home offers historic charm without the price tag or fuss of the official historic district. Outside, water-wise xeriscaping makes yard maintenance a breeze. Inside, original woodwork and soaring ceilings are blended with thoughtful modern updates, including air conditioning for our hot

    TAMMY BENDETTI COLDWELL BANKER DISTINCTIVE PROPERTIES

    915 Grand Ave, Grand Junction, CO 81501
  • /42

    $499,900

    • 6 Beds
    • 3 Baths
    • 2,864 Sq Ft

    2336 Elm Ave, Grand Junction, CO 81501

    Turnkey Duplex Near CMU-Fully rented & updated! Investor special just steps from Colorado Mesa University! This well-maintained duplex features 2 units: Unit 1: 4 bed / 2 bath vacant as of 8/15/25 Unit 2: 2 bed (1 non-conforming) / 1 bath @ $1,000/mo. Both tenants are M-T-M, tenants pay all utilities except W-S-T. No pets or smoking - ever. Major updates in last 5 years include new sewer line,

    Jan Kimbrough Miller RE/MAX 4000, INC

    2336 Elm Ave, Grand Junction, CO 81501
  • /21

    $1,799,000

    • 12 Beds
    • 9 Baths
    • 6,266 Sq Ft

    581 W Indian Creek Dr Unit 2,4,5,6, Grand Junction, CO 81501

    Investment opportunity to purchase four townhomes located at 581 W Indian Creek Drive, including units: 2, 4, 5, & 6 at a 5.7% Cap Rate. All units are leased on 1-year terms and offer a stabilized, income-producing asset in a strong rental market. Units were all built in 2022 and feature modern floor plans. Units 2, 5, & 6 are single story and offer 3-bedrooms and 2-bath with nice open concept.

    Cory Carlson VENTURE GROUP

    581 W Indian Creek Dr Unit 2,4,5,6, Grand Junction, CO 81501
  • /42

    $6,989,000

    • 52 Beds
    • 46 Baths
    • 25,008 Sq Ft

    1292 N 13th St, Grand Junction, CO 81501

    Turnkey Rental Portfolio for sale. All new construction. 16 homes - 14 townhomes, 2 single family homes. 11 townhomes in Meridian Park, 2 single family homes in Shadow Mesa, 3 townhomes at Row Homes at Bunting (1 block from college). Cap Rate Avg with current rents and current value = 5.74%. All units currently rented!! Benefits include cost segregation, tax benefits, appreciation, cash flow,

    Wendi Gechter BOA SALES GROUP

    1292 N 13th St, Grand Junction, CO 81501
  • /4

    $899,900

    • 8 Beds
    • 4 Baths
    • 3,080 Sq Ft

    424 N 22nd St, Grand Junction, CO 81501

    4 Plex in the City. This is a convenient area of the city with access to public transportation. Two units Up and two Units on ground level. All units are 2 bedrooms with one bath. All units have a deck or patio that provides access to a private parking area off the alley. Fully rented, low vacancy, many updates including LVP flooring in two units, carpet less than two years old in others,

    Darlene Hallmark COLDWELL BANKER DISTINCTIVE PROPERTIES

    424 N 22nd St, Grand Junction, CO 81501
  • /14

    $1,485,000

    • 12 Beds
    • 12 Baths
    • 5,424 Sq Ft

    1534 Poplar Dr, Grand Junction, CO 81505

    This bulk offering includes four modern townhome units located at 1522, 1534, 1546, and 1558 Poplar Drive—an excellent opportunity to acquire a stabilized, income-producing asset in a strong rental market. Built in 2017, each unit offers a spacious and contemporary floor plan featuring an open-concept kitchen, living, and dining area with a convenient half-bath on the main level. The top floor

    Brian Bray BRAY/COMMERCIAL

    1534 Poplar Dr, Grand Junction, CO 81505
  • /2

    $189,000

    • 3 Beds
    • 3 Baths
    • 896 Sq Ft

    536 1/2 Normandy Way, Grand Junction, CO 81501

    Jim Brunswick RE/MAX 4000, INC

    536 1/2 Normandy Way, Grand Junction, CO 81501

Why Live in Downtown Grand Junction

Downtown Grand Junction features a blend of red brick brownstones and beige Italianate-style buildings set against a backdrop of mountains and high desert landscapes. The Colorado River runs through the area, contributing to the green township feel. Outdoor enthusiasts will find plenty of things to do, from mountain biking on world-famous trails like Lunch Loop and Rattlesnake Arches to hiking the red-dirt trails of the Colorado National Monument. Lincoln Park offers a community pool with waterslides, a nine-hole golf course, and Sam Suplizio Field, home to the Junior College World Series. Canyon View Park includes a large playground, a dog park, and various sports fields. Las Colonias Park provides access to rafting on the Colorado River and paddleboarding on calmer waters. Downtown’s Main Street Plaza is lined with over 40 restaurants and breweries, including popular spots like the Dream Café and Rockslide Brew Pub. The Mesa Theater hosts live performances, while the Mesa Mall and Horizon Drive offer extensive shopping options. Housing styles range from early 1900s bungalows and Victorian homes in the 7th Street historic district to Tudor cottages and ranch-style homes on Chipeta Avenue. The Mesa County School District No. 51 serves the area, with schools receiving average ratings. Grand Junction is highly bike-friendly, with a Bike Score of 96, and is well-connected by the Grand Valley Transit bus system. The Grand Junction Regional Airport provides convenient travel options, with connections to Denver and beyond.

Home Trends in Downtown Grand Junction, CO

Housing Trends

Median Sale Price
$336,875
Median Single Family Sale Price
$348,000
Median Townhouse Sale Price
$397,000
Median 2 Bedroom Sale Price
$221,950
Median 1 Bedroom Sale Price
$163,000
Average Price Per Sq Ft
$250
Number of Homes for Sale
76
Last 12 months Home Sales
402
Months of Supply
2.30
Median List Price
$350,000
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
5%
How to Buy a Home How to Finance a Home How to Sell a Home