2336 Elm Ave Grand Junction, CO 81501
Downtown Grand Junction NeighborhoodEstimated payment $2,807/month
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 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, 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.
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
- Washer and Dryer Hookup
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Bathrooms
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
Community Details
- 2 Units
- 2,864 Sq Ft Building
- Wilcox & Bixby Subdivision
Listing and Financial Details
- Assessor Parcel Number 2945-12-09-020
Map
Home Values in the Area
Average Home Value in this Area
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 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/27/2025 08/27/25 | Price Changed | $499,900 | -4.8% | $175 / Sq Ft |
| 07/17/2025 07/17/25 | For Sale | $525,000 | -- | $183 / Sq Ft |
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 | -- |
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: Grand Junction Area REALTOR® Association
MLS Number: 20253420
APN: 2945-124-09-020
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