Seller's Agent in 2025
The Walz Carlisle Team
RIVER CITY REAL ESTATE, LLC
(970) 248-8501
59 in this area
396 Total Sales
1405 Elm Ave Grand Junction, CO 81501
Downtown Grand Junction Neighborhood
3
Beds
3
Baths
1,344
Sq Ft
6,098
Sq Ft Lot Lot
Highlights
- Ranch Style House
- Shed
- Forced Air Heating System
- Detached Garage
- Landscaped
- Evaporated cooling system
About This Home
As of October 20251405 Elm Ave – Triplex with Income Potential, Walkable to CMU! Rare triplex opportunity in a central Grand Junction location! This property features two 1-bedroom units and a studio, each with bright, single-level layouts. Unit A was recently updated with new flooring and a modern bathroom. Unit B is a well-equipped studio rental, and Unit C is an updated 1-bedroom unit. Current leases generate a total monthly rental income of $2,610 (A: $1,050, B: $685, C: $875). The property also includes off-street parking and a detached garage. Walkable to Colorado Mesa University, shopping, dining, and major roadways, this triplex offers strong rental demand and an estimated 7% cap rate—making it an ideal income-producing investment or owner-occupied opportunity.
Last Agent to Sell the Property
RIVER CITY REAL ESTATE, LLC Listed on: 09/08/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,361
Year Built
- Built in 1950
Lot Details
- 6,098 Sq Ft Lot
- Lot Dimensions are 51'x123'
- Landscaped
Parking
- Detached Garage
Home Design
- Triplex
- Ranch Style House
- Stem Wall Foundation
- Wood Frame Construction
- Asphalt Roof
- Vinyl Siding
Flooring
- Carpet
- Linoleum
- Concrete
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Bathrooms
Schools
- Orchard Avenue Elementary School
- West Middle School
- Grand Junction High School
Utilities
- Evaporated cooling system
- Window Unit Cooling System
- Forced Air Heating System
- Separate Meters
- Separate Water Meter
Additional Features
- Microwave
- Crawl Space
- Shed
Community Details
- 3 Units
- 1,344 Sq Ft Building
- Grand View Sub Subdivision
Listing and Financial Details
- Assessor Parcel Number 2945-123-00-016
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/29/2025 10/29/25 | Sold | $369,500 | -2.7% | $275 / Sq Ft | |
| 09/28/2025 09/28/25 | Pending | -- | -- | -- | |
| 09/23/2025 09/23/25 | For Sale | $379,900 | +2.8% | $283 / Sq Ft | |
| 09/17/2025 09/17/25 | Off Market | $369,500 | -- | -- | |
| 09/08/2025 09/08/25 | For Sale | $379,900 | +76.7% | $283 / Sq Ft | |
| 10/08/2019 10/08/19 | Sold | $215,000 | -2.3% | $160 / Sq Ft | View Prior Sale |
| 07/15/2019 07/15/19 | Pending | -- | -- | -- | |
| 05/05/2019 05/05/19 | For Sale | $220,000 | -- | $164 / Sq Ft |
Source: Grand Junction Area REALTOR® Association
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,282 | $17,690 | $5,340 | $12,350 |
| 2024 | $1,058 | $14,970 | $3,880 | $11,090 |
| 2023 | $1,058 | $14,970 | $3,880 | $11,090 |
| 2022 | $956 | $13,260 | $1,870 | $11,390 |
| 2021 | $981 | $13,950 | $1,970 | $11,980 |
| 2020 | $663 | $9,650 | $3,580 | $6,070 |
| 2019 | $571 | $8,790 | $3,580 | $5,210 |
| 2018 | $688 | $9,730 | $3,240 | $6,490 |
| 2017 | $686 | $9,730 | $3,240 | $6,490 |
| 2016 | $516 | $8,220 | $3,580 | $4,640 |
| 2015 | $522 | $8,220 | $3,580 | $4,640 |
| 2014 | $565 | $8,960 | $2,790 | $6,170 |
Source: Public Records
Agents Affiliated with this Home
-
The Walz Carlisle Team
-
Michelle Ritter
Buyer's Agent in 2025
Michelle Ritter
RE/MAX
(800) 777-4573
15 in this area
118 Total Sales
-
S
Seller's Agent in 2019
Saul Forster
FORSTERS PROPERTY MANAGEMENT, LLC
Map
Source: Grand Junction Area REALTOR® Association
MLS Number: 20254394
APN: 2945-123-00-016
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
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