Fully Remodeled Duplex, a prime Downtown Grand Junction investment! Wonderfully maintained and fully remodeled duplex in the heart of Downtown Grand Junction, CO, zoned RO (Residential/Office) for outstanding flexibility. Each unit offers 2 bedrooms, 1 bathroom, a ranch-style layout with basement, and has been upgraded from top to bottom. Both sides feature central air units, new furnaces, new roof, new flooring, fresh paint, updated fixtures, fully renovated kitchens and bathrooms, brand-new appliances, plus new electrical and plumbing throughout. But let's not forget the vintage, original hard wood flooring shines throughout. Every detail has been addressed, making this a low-maintenance, turn-key investment. Each unit includes one bay of the 3-car detached garage (3rd bay can be used for storage or rent this out as well) plus two off-alley parking spaces (can be used for RV parking). All kitchen appliances, washers, and dryers stay in each unit for tenant convenience. This property has tenants who have never paid rent late (in fact, they pay early) and are currently at market value, ensuring reliable cash flow from day one. Both units are rented and tenants can stay in place. Located just steps from downtown shops, restaurants, and entertainment, tenants will love the weekly farmers market, art galleries, live music, and year-round community events. Outdoor enthusiasts will appreciate easy access to world-class hiking, biking, skiing, the Colorado River, and the scenic beauty of the Grand Mesa—all just minutes away. This is a rare chance to own a fully updated, income-producing property in one of Grand Junction’s most vibrant and desirable locations.
Sold for $499,000 on 09/03/25
$499,000
945 Colorado Ave, Grand Junction, CO 81501
4beds
2baths
2,141sqft
Duplex, Multi Family
Built in 1927
-- sqft lot
$499,100 Zestimate®
$233/sqft
$1,663 Estimated rent
Owner options
What's special
Zillow last checked: 7 hours ago
Listing updated: September 09, 2025 at 04:31pm
Listed by:
COLDWELL BANKER DISTINCTIVE PROPERTIES
Bought with:
RE/MAX 4000, INC
Source: GJARA,MLS#: 20253930
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Dryer, Dishwasher, Electric Oven, Electric Range, Disposal, Microwave, Refrigerator, Washer
Features
- Dry Bar, Solid Surface Counters, Vaulted Ceiling(s), Walk-In Closet(s), Walk-In Shower, Window Treatments
- Flooring: Hardwood, Laminate, Simulated Wood, Tile
- Windows: Window Coverings
- Basement: Full
- Has fireplace: No
Interior area
- Total structure area: 2,141
- Total interior livable area: 2,141 sqft
Property
Parking
- Parking features: RV Access/Parking
Accessibility
- Accessibility features: None, Low Threshold Shower
Features
- Levels: One
- Stories: 1
- Patio & porch: Open, Patio
- Exterior features: Sprinkler/Irrigation
Lot
- Size: 7,840 sqft
- Dimensions: .18
- Features: Sprinklers In Rear, Sprinklers In Front, Landscaped, Sprinkler System
Details
- Parcel number: 294514427007
- Zoning description: RO
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Ranch
- Property subtype: Duplex, Multi Family
Materials
- Wood Siding, Wood Frame
- Foundation: Stem Wall
- Roof: Asphalt,Composition
Condition
- Year built: 1927
- Major remodel year: 2024
Utilities & green energy
- Sewer: Connected
- Water: Public
Community & neighborhood
Location
- Region: Grand Junction
Other
Other facts
- Road surface type: Paved