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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

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    $1,663/mo

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    $1,663/mo

    Rent Zestimate®

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    $2,827/mo

    Est. payment

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    $2,827/mo

    Est. payment

    What's special

    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.

    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