REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Clayton Smith

clayton@claytonsellsgj.com +1(970) 683-8595

$ 683,000

Est. payment | -/mo

4 Beds

4 Baths

1,978 SqFt

Save

$ 683,000

Est. payment | -/mo

Save

4 Beds

4 Baths

1,978 SqFt

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,978 sqft

Price per Sqft $345

Subdivision City Of Grd Jct

MLS Listing ID 20264563

Style Other,See Remarks

Bedrooms 4

HOA Y/N false

Year Built 1939

Annual Tax Amount $1,782

Tax Year 2025

Acres 0.17

Lot Dimensions 151x50

Property Sub-Type Triplex

Property Description

**LIVE IN ONE—COLLECT $27,000/YEAR FROM THE OTHER TWO!** 236 Gunnison Avenue offers a rare **multi-generational and income-producing opportunity in Downtown Grand Junction**, with three distinct living spaces and two already generating rental income. The updated **main-level residence features 2 bedrooms and 2 bathrooms**, blending modern improvements with the character and charm of an established downtown home. The **lower-level unit has a private entrance, 1 bedroom, 1 bathroom, and kitchenette** and currently rents for **$1,100/month**. The tenant has been in place approximately four years and would like to stay. The basement bedroom is **non-conforming due to the existing non-egress window**. The **detached ADU** adds another 1 bedroom, 1 bathroom, and kitchenette and currently rents for **$1,150/month**, with that tenant also interested in staying. That means the two secondary living spaces currently produce **$2,250/month—or $27,000/year in gross rental income—while leaving the updated 2-bedroom, 2-bath main residence available for the owner.** For an investor, the main residence creates additional income potential beyond the existing $27,000 annual rent. Whether you're looking to **offset your mortgage with rental income, create a multi-generational living arrangement, or add a versatile Downtown Grand Junction property to your investment portfolio**, the numbers and flexibility make this one stand out. Well maintained, updated, and ready to go, with convenient access to **Downtown Grand Junction, Colorado Mesa University, restaurants, shopping, parks, and entertainment.** **Three living spaces. Two existing tenants. $2,250/month in current rent. $27,000/year gross income before considering the main residence. This is a must-see opportunity.**

Location

State CO

County Mesa

Area Grand Junction City

Direction From 1st Street and Patterson Road. Head South on 1st Street. Turn left onto Gunnison Avenue. Home is on left hand side.

Rooms

Basement Exterior Entry, Full, Finished

Interior

Interior Features Laminate Counters

Heating Forced Air, Hot Water, Natural Gas

Cooling Evaporative Cooling

Flooring Hardwood, Laminate, Simulated Wood

Fireplace false

Appliance Refrigerator, Range Hood

Exterior

Exterior Feature Shed, Sprinkler/Irrigation

Amenities Available None

Roof Type Asphalt,Composition

Present Use Residential,Single Family

Street Surface Paved

Handicap Access None

Porch Open, Patio

Building

Lot Description Landscaped, Sprinkler System

Faces South

Foundation Slab

Sewer Connected

Water Public

Additional Building Outbuilding, Shed(s)

Structure Type Stucco,Wood Siding,Wood Frame

Schools

Elementary Schools Chipeta

Middle Schools West

High Schools Grand Junction

Others

HOA Fee Include None

Tax ID 2945-142-23-012

Listed by RE/MAX 4000, INC

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(970) 683-8595

clayton@claytonsellsgj.com

131 N 6th Street STE 200, Grand Junction, Colorado 81501, USA

236 Gunnison Avenue Grand Junction, CO 81501