$525,000

Estimated payment $3,067/month

Total Views 939
6 Beds
3 Baths
2,864 Sq Ft
$183 Price per Sq Ft

Highlights

  • Covered Deck
  • Landscaped
  • Evaporated cooling system
  • Shed
  • Baseboard Heating
  • Wood Siding

About This Home

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 @ $2,000/mo. 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, roof & gutters, major mech systems (HVAC, etc). Ample off-street parking via alley + small RV pad for upper unit. Excellent rental demand due to proximity to CMU - ideal for student or faculty housing. Live in one unit & rent the other, or lease both for consistent income. High cap rate potential in a growing Grand Junction market. Prime location. Turnkey condition. Strong cash flow. Don't miss this low-maintenance, income-generating gem near one of GJ's most desireable rental zones.

Listing Agent

Jan Kimbrough Miller

RE/MAX 4000, INC License #FA100013124 Listed on: 07/17/2025

RE/MAX 4000, INC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,000

Year Built

  • Built in 1910

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 60 x 126
  • Landscaped

Home Design

  • Duplex
  • Wood Frame Construction
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Electric Oven or Range

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Laundry

  • Dryer
  • Washer

Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Outdoor Features

  • Covered Deck
  • Shed

Schools

  • Orchard Avenue Elementary School
  • Bookcliff Middle School
  • Grand Junction High School

Utilities

  • Evaporated cooling system
  • Baseboard Heating
  • Hot Water Heating System
  • Septic Design Installed

Community Details

  • 2 Units
  • 2,864 Sq Ft Building
  • Wilcox & Bixby Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2945-12-09-020

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,000

Year Built

Built in 1910

Lot Details

0

Listing Details

  • 3 Phase: Unknown
  • Construction: Wood Frame
  • Current Use: Residential
  • Elevation: 4597
  • Exterior Features: Shed
  • Fronts: S
  • Gas Company: Xcel
  • Heating Type: Baseboard, Hot Water, Natural Gas
  • How Built: Site Built
  • Lot Dimensions: 60 X 126
  • Lvt Date: 07/17/2025
  • Patio Deck: Deck-Covered
  • Property Type: Multi-Family
  • Real Estate Incl: Yes
  • Sewer: Sewer Installed
  • Sewer Company: City Of Gj
  • Street Desc Access: City/Town, Paved
  • Style: 2 Story
  • Taxes: 2000.22
  • Tax Year: 2025
  • Total Acres: 0.17
  • Type: Duplex
  • Water: City Water
  • Zoning: RM-8
  • Total Building Sq Ft: 2864
  • Display On Internet: Yes
  • Design: One Building
  • Year Built: 1910
  • Directions: Orchard Avenue east and turn south on 23rd Street and east on Elm Avenue to property.
  • Subdivision Name: Wilcox & Bixby
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Number Bedrooms: 6
  • Appliances: Dishwasher-Some, Dryer-All, Electric Range/Oven-All, Microwave Built-In-Some, Range Hood-Some, Refrigerator-All, Washer-All
  • Basement Foundation: Full Basement, Outside Entrance
  • Floor: Carpet, Vinyl
  • Bathrooms: 3
  • Price Per Sq Ft: 183.31
  • Fireplaces: Fireplace(s)-None

Exterior Features

  • Landscaping: Landscape All
  • Exterior Siding: Wood
  • Roof: Asphalt Composition

Utilities

  • Cooling Type: Evaporative Cooler
  • Electric Company: Xcel
  • Water Company: City
  • Laundry: W/D Hookups In All Units

Schools

  • Elementary School: Orchard Avenue
  • Middle School: Bookcliff
  • High School: Grand Junction
  • Elementary School: Orchard Avenue
  • High School: Grand Junction

Lot Info

  • Lot Description: 0' - 75' Frontage
  • Lot Size: A: 0-0.24
  • Parcel Number: 2945-12-09-020
  • Geo Update Timestamp: 2025-07-17
  • Geo Subdivision: CO

Multi Family

  • Total Number Units: 2

MLS Schools

  • Middle School: Bookcliff

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
2024 $1,558 $22,040 $4,880 $17,160
2023 $1,558 $22,040 $4,880 $17,160
2022 $1,344 $18,650 $3,820 $14,830
2021 $1,348 $19,180 $3,930 $15,250
2020 $1,096 $15,950 $3,580 $12,370
2019 $1,036 $15,950 $3,580 $12,370
2018 $1,012 $14,300 $3,240 $11,060
2017 $1,008 $14,300 $3,240 $11,060
2016 $837 $13,350 $3,380 $9,970
2015 $848 $13,350 $3,380 $9,970
2014 $803 $12,740 $2,790 $9,950
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/17/2025 07/17/25 For Sale $525,000 -- $183 / Sq Ft
Source: Grand Junction Area REALTOR® Association

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Available
Warranty Deed -- Western Colorado Title Compa
Deed $93,500 --
Warranty Deed $93,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $136,000 Unknown
Previous Owner $36,664 Unknown
Previous Owner $16,000 Unknown
Previous Owner $92,200 No Value Available
Previous Owner $92,843 FHA
Source: Public Records

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Source: Grand Junction Area REALTOR® Association

MLS Number: 20253420

Grand Junction Area REALTOR® Association

APN: 2945-124-09-020