The Real Estate Rob Team
RONIN REAL ESTATE PROFESSIONALS ERA POWERED
(970) 296-5344
170 Total Sales
20 in Downtown Grand Junction
$74K - $653K Price Range
1405 Elm Ave Grand Junction, CO 81501
Downtown Grand Junction Neighborhood
3
Beds
3
Baths
1,344
Sq Ft
6,098
Sq Ft 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
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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
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 8, 2025
Closed on
Oct 31, 2025
Sold by
Bought by
Seller's Agent
The Walz Carlisle Team
RIVER CITY REAL ESTATE, LLC
Buyer's Agent
Michelle Ritter
RE/MAX 4000, INC
List Price
$379,900
Sold Price
$369,500
Premium/Discount to List
-$10,400
-2.74%
Views
33
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$277,125
Outstanding Balance
$274,987
Interest Rate
6.26%
Mortgage Type
New Conventional
Purchase Details
Listed on
Sep 8, 2025
Closed on
Oct 29, 2025
Sold by
Bought by
Seller's Agent
The Walz Carlisle Team
RIVER CITY REAL ESTATE, LLC
Buyer's Agent
Michelle Ritter
RE/MAX 4000, INC
List Price
$379,900
Sold Price
$369,500
Premium/Discount to List
-$10,400
-2.74%
Views
33
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$277,125
Outstanding Balance
$274,987
Interest Rate
6.26%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 2, 2021
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,000
Interest Rate
2.9%
Mortgage Type
New Conventional
Purchase Details
Listed on
May 5, 2019
Closed on
Oct 7, 2019
Sold by
Bought by
Seller's Agent
Saul Forster
FORSTERS PROPERTY MANAGEMENT, LLC
Buyer's Agent
The Walz Carlisle Team
RIVER CITY REAL ESTATE, LLC
List Price
$220,000
Sold Price
$215,000
Premium/Discount to List
-$5,000
-2.27%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,250
Interest Rate
3.5%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 30, 2004
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,200
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jan 23, 2002
Sold by
Bought by
Purchase Details
Closed on
Nov 15, 2001
Sold by
Bought by
Purchase Details
Closed on
Oct 23, 1991
Sold by
Bought by
Purchase Details
Closed on
Dec 15, 1989
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Downtown Grand Junction, CO
-
The Real Estate Rob Team
-
Shannon Sneddon
Shannon Sneddon
RE/MAX 4000, INC
(970) 822-0393
104 Total Sales
19 in Downtown Grand Junction
$164K - $493K Price Range
-
BECKY S. LEE
BECKY S. LEE
B.L. REALTY, INC
(970) 296-5275
71 Total Sales
26 in Downtown Grand Junction
$60K - $446K Price Range
-
Richard Harper
Richard Harper
REALTY ONE GROUP PREMIER
(970) 762-2688
74 Total Sales
7 in Downtown Grand Junction
$70K - $444K Price Range
-
KARIE PADILLA
KARIE PADILLA
CANYON VIEW REALTY & PROPERTY MANAGEMENT
(970) 363-8081
63 Total Sales
3 in Downtown Grand Junction
$76K - $320K Price Range
-
Mark Wingerter
Mark Wingerter
RONIN REAL ESTATE PROFESSIONALS ERA POWERED
(970) 644-6793
65 Total Sales
10 in Downtown Grand Junction
$109K - $459K Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Listed On Document | |
| Special Warranty Deed | $369,500 | None Listed On Document | |
| Interfamily Deed Transfer | -- | None Available | |
| Special Warranty Deed | $215,000 | Abstract & Title Co | |
| Warranty Deed | $154,000 | Meridian Land Title Llc | |
| Warranty Deed | $55,000 | None Listed On Document | |
| Trustee Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | $29,000 | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $277,125 | New Conventional | |
| Closed | $202,000 | New Conventional | |
| Previous Owner | $161,250 | New Conventional | |
| Previous Owner | $123,200 | Purchase Money Mortgage |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
Seller's Agent in 2025
The Walz Carlisle Team
RIVER CITY REAL ESTATE, LLC
(970) 248-8501
63 in this area
363 Total Sales
-
Michelle Ritter
Buyer's Agent in 2025
Michelle Ritter
RE/MAX
(800) 777-4573
11 in this area
114 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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