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Grand Junction, CO Multifamily Homes & Duplexes for Sale

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  • /42

    $1,075,000

    • 7 Beds
    • 3 Baths
    • 3,482 Sq Ft

    805 N 7th St, Grand Junction, CO 81501

    Updated inside and out, this stunning home sits in the heart of Grand Junction's Sought-after historic 7th Street corridor - just steps from vibrant downtown shops, restaurants, and galleries. Thoughtfully remodeled with a perfect blend of timeless character and modern style, this home offers bright, natural light throughout, fresh finishes, and effortless livability. The main residence features

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    Shannon Simons

    RE/MAX 4000, INC

    (970) 680-7556

    805 N 7th St, Grand Junction, CO 81501
  • /40

    $1,399,800

    • 6 Beds
    • 6 Baths
    • 4,666 Sq Ft

    665 Tilman Dr Unit A & B, Grand Junction, CO 81506

    Welcome to effortless living and smart investing with this rare opportunity to purchase both sides of a brand-new duplex in the highly desirable Village Center community of Grand Junction’s North Area. Perfectly positioned just minutes from Safeway, St. Mary’s Hospital, restaurants, Bookcliff Country Club, and only a 5-minute drive to the airport, this location offers unbeatable convenience for

    Agent Photo

    WESTCO TEAM

    RIVER CITY REAL ESTATE, LLC

    (970) 540-4683

    665 Tilman Dr Unit A & B, Grand Junction, CO 81506
  • /42

    $799,995

    • 7 Beds
    • 4 Baths
    • 2,574 Sq Ft

    557 N Sparn Ct, Grand Junction, CO 81501

    Welcome to the Oasis in the City. This is an Amazing Opportunity ~ This tri-plex is set up for maximum potential and is a TURNKEY OPPORTUNITY. Two of the 3 units are short-term rentals, more than 28 days and offer high ratings on the site while one unit has a long-term rental history of $1500 per month. All 3 units have been completely renovated to modern day standards and finishes. This includes

    Regina Stout KELLER WILLIAMS COLORADO WEST REALTY

    557 N Sparn Ct, Grand Junction, CO 81501
  • /42

    $4,243,000

    • 35 Beds
    • 33 Baths
    • 14,254 Sq Ft

    2778 Caspian Way Unit B and more, Grand Junction, CO 81503

    Looking for a new construction, low maintenance investment property? This listing is for 11 townhome units at Meridian Park on Orchard Mesa. The homes have 3 or 4 bedrooms, 2 to 2.5 baths and 1 or 2 car garages. Turnkey for an investor, all units rented. Tenant pays electric, water, and sewer. The HOA will maintain all landscaping, pay for fiber, trash and snow removal. HOA = $100/month/unit. All

    Wendi Gechter BOA SALES GROUP

    2778 Caspian Way Unit B and more, Grand Junction, CO 81503
  • /42

    $1,700,000

    • 9 Beds
    • 8 Baths
    • 6,159 Sq Ft

    215 Shadow Mesa St Unit and more, Grand Junction, CO 81503

    Listing is for 4 new single family homes as investment properties. All currently long term rentals. 215 Shadow Mesa St., 2/2/1/1544 Sq ft. 2747 Storm Ave., 2/2/1/1469 sq ft. 2745 Eclipse Ave., 3/2/2/1631 sq ft. 221 Shadow Mesa St., 2/2/1/1515 sq ft. Leased until mid 2026. Tenant pays electric, water, and sewer. The HOA will maintain front yard landscaping, pay for fiber, trash and snow removal

    Wendi Gechter BOA SALES GROUP

    215 Shadow Mesa St Unit and more, Grand Junction, CO 81503
  • /3

    $1,200,000

    • 8 Beds
    • 4 Baths
    • 3,520 Sq Ft

    2718 Patterson Rd, Grand Junction, CO 81506

    4plex PLUS Commercial Office Modular (1440 SF) located on Patterson Road, nearby the busy corner of 12th and Patterson - across the street from 12th St City Market. Great investment opportunity with strong income in place, and in a GREAT LOCATION with Commercial development / Pad-site potential. The property sits on nearly an Acre (0.89 Acres), is zoned MU-1 (many commercial & multi-family uses

    Kyle Serrano VENTURE GROUP

    2718 Patterson Rd, Grand Junction, CO 81506
  • /26

    $365,000

    • 4 Beds
    • 2 Baths
    • 2,362 Sq Ft

    1055 Glenwood Dr, Grand Junction, CO 81503

    Opportunity knocks in Grand Junction! This property offers incredible potential for the right buyer or investor. Originally a single-family home, the current owners began converting it into a duplex — one side now features a livable/rentable 2-bedroom, 1-bath space, while the other side has been completely gutted down to the studs and awaits your vision. Work on it while having a place to live,

    MICHELLE EVANS COLDWELL BANKER DISTINCTIVE PROPERTIES

    1055 Glenwood Dr, Grand Junction, CO 81503
  • /42

    $797,000

    • 6 Beds
    • 6 Baths
    • 2,880 Sq Ft

    2422 1/2 Hidden Valley Dr Unit A & B, Grand Junction, CO 81507

    WHY YOU NEED TO SEE THIS PROPERTY TODAY: Forget the standard duplex—this is a spectacular opportunity nestled in The Ridges, Grand Junction's coveted 81507 zip code. Whether you're a savvy investor looking for instant income or an owner-occupant wanting your mortgage paid for, this well-maintained property is a certified cash-flow machine! THE UNITS: SPACE, STYLE, & SUNSHINE You're getting two

    Scott Miller PROPERTY SERVICES

    2422 1/2 Hidden Valley Dr Unit A & B, Grand Junction, CO 81507
  • /42

    $409,000

    • 4 Beds
    • 2 Baths
    • 1,888 Sq Ft

    1840 Rood Ave, Grand Junction, CO 81501

    This duplex offers flexibility, income stability, and room to add value. Whether you're expanding your portfolio or looking to live in one unit and rent the other, this property delivers long-term potential in a sought-after location. Minutes from St. Mary's Hospital, VA Hospital, CMU, Main St Grand Junction, Lincoln Park and so much more. This upper/lower duplex offers spacious living. Flooded

    BECKY S. Lee B.L. REALTY, INC

    1840 Rood Ave, Grand Junction, CO 81501
  • /30

    $16,700,000

    • 83 Beds
    • 83 Baths
    • 55,392 Sq Ft

    512,514,516 28 3 4 Rd, Grand Junction, CO 81502

    Incredible Investment Opportunity – 83 New Units! Completed in 2025, Three free-standing apartment buildings with 83 premium units at 28 3/4 rd. and North Ave. They can be purchased individually or as a package with 512 (31 units $5,800,000), 514 (24 units $5,000,000) and 516 (28 units $5,900,000) for $16,700,000 This property includes 60 modern apartments plus 23 fully furnished apartments. *

    Stacey Cook COOK REAL ESTATE & DEVELOPMENT

    512,514,516 28 3 4 Rd, Grand Junction, CO 81502
  • /18

    $5,900,000

    • 28 Beds
    • 28 Baths
    • 20,888 Sq Ft

    516 28 3 4 Rd, Grand Junction, CO 81501

    Incredible Investment Opportunity – Brand New Construction! Completed in 2025, this free-standing apartment building is part of a premium 83-unit community at 28 3/4 rd. and North Ave. It can be purchased individually or packaged with 512 (31 units $5,800,000) and 514 (24 units $5,000,000) for a total of $16,700,000 This property includes 28 modern 1 bedroom /1-bath apartments, all with stackable

    Stacey Cook COOK REAL ESTATE & DEVELOPMENT

    516 28 3 4 Rd, Grand Junction, CO 81501
  • /25

    $484,900

    • 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, 2 unit property 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 features 2 bedrooms and 1 bathroom, with shared laundry in the basement for convenience.

    CASSIDY CROWELL REALTY ONE GROUP WESTERN SLOPE

    360 Belford 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 offered at 7.5 CAP 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 8.5 CAP for

    Daniel Bishop 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
  • /41

    $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 vacant as of 11/17/2025. No pets or smoking - ever. Major updates in last 5 years include new sewer line, roof & gutters, major mech systems (HVAC, etc). Ample

    Jan Kimbrough Miller RE/MAX 4000, INC

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

    $1,699,000

    • 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. Two of four units are leased on 1-year terms and offer an 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. Unit

    Cory Carlson VENTURE GROUP

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

    $728,900

    • 4 Beds
    • 4 Baths
    • 1,978 Sq Ft

    236 Gunnison Ave, Grand Junction, CO 81501

    Triplex in the heart of downtown Grand Junction. Walk, bike or drive to everything GJ has to offer. Only 1.2 miles from CMU. Owner is a professionally licensed architect and remodel / updating utilized top of the line materials and has all been permitted. Unit 1 is the upper unit, 2 bedrooms and 2 bathrooms. Unit 2 is the lower level with a separate entrance, 1 bedroom and 1 bathroom. Unit 3 is

    BRENDA BOUNDS HOMETOWN REALTY OF GRAND JUNCTION

    236 Gunnison Ave, Grand Junction, CO 81501
  • /41

    $548,000

    • 5 Beds
    • 3 Baths
    • 2,726 Sq Ft

    542 29 Rd, Grand Junction, CO 81504

    This here is an awesome opportunity. Mature 0.72 acre lot with two homes. The front house has two units. Over the top pride of ownership here. The front house has new bathroom, kitchen, new windows, and new flooring.

    Carol Francil RE/MAX 4000, INC

    542 29 Rd, Grand Junction, CO 81504
  • /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
  • /25

    $435,000

    • 4 Beds
    • 2 Baths
    • 2,360 Sq Ft

    744 Colorado Ave, Grand Junction, CO 81501

    DOWNTOWN INVESTMENT PROPERTY!! This duplex is a turn key investment that will cash flow right away with value add opportunity. This property offers two large updated units and a detached building, with B-2 zoning allowing possible development of additional units! Your tenants will love the perfect location just minutes from shops, restaurants, live music, farmers market and Colorado Mesa

    Daniel Bishop CENTURY 21 ELEVATED REAL ESTATE

    744 Colorado Ave, Grand Junction, CO 81501

Why Live in Grand Junction

Nestled between red rock canyons and the world's largest flat-top mountain, Grand Junction combines stunning natural landscapes with rich cultural experiences. Residents explore Colorado National Monument's winding Rim Rock Drive and hike Devil's Kitchen trails, while the Grand Mesa provides year-round recreation at Mesa Lakes and Lost Lake. Downtown Grand Junction's Main Street features the Art on the Corner public displays, independent shops like Out West Books, and upscale dining at Bin 707 Foodbar, which serves seasonal menus with local ingredients. The Avalon Theatre hosts live performances and concerts, while the Museums of Western Colorado showcase regional history through three distinct venues.

The Grand Junction housing market features diverse options across several neighborhoods. The median sale price for homes is $410,000, with single family homes at $429,900 and townhomes at $385,000. Condominiums range from $179,500 for one bedroom units to $255,000 for two bedrooms. The Redlands area commands the highest median single family home prices at $699,000, while Downtown Grand Junction presents more affordable options with a median of $346,700.

Living costs in Grand Junction run 6.1% above the national average. A family with school-age children needs approximately $112,000 annually to live comfortably, while renters should aim for $60,000. Monthly grocery expenses average $1,600 for families and $700 for renters. Property taxes remain relatively low at 0.39%, complemented by a 4.40% state income tax rate. The education system includes highly rated public schools like Broadway Elementary School and Palisade High School, plus private options such as Bookcliff Christian School. Colorado Mesa University provides higher education opportunities within the city.

Home Trends in Grand Junction, CO

Housing Trends

Median Sale Price
$402,450
Median Single Family Sale Price
$425,000
Median Townhouse Sale Price
$383,300
Median 2 Bedroom Sale Price
$269,500
Median 1 Bedroom Sale Price
$183,000
Average Price Per Sq Ft
$274
Number of Homes for Sale
461
Last 12 months Home Sales
2,154
Months of Supply
2.60
Median List Price
$429,900
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
1%
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