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Residential > Multi-family
Pending
10/10/2019
List Price
$379,900

1405 Elm Ave
Grand Junction, CO 81501

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  • Malobo BannerMalobo Banner Square
    1405 Elm Ave, Grand Junction, CO 81501 is a 3 bed, 3 bath, 1,344 ft² multi-family home house built in 1950 on a 0.140 acre lot with 7 construction permits. This multi-family home is currently pending, and it was last sold in 2019 for $215,000. The latest TopHap estimate of the multi-family home's value is $414,100.

    Property Valuations

    Latest estimates for 1405 Elm Ave based on TopHap automated valuation model (AVM).

    MLS Description

    The listing agent's description. Original Listing

    1405 Elm Ave – Triplex with Income Potential, Walkable to CMU! Rare triplex opportunity in a central Grand Junction location! This property features two 1-bedroom units and a studio, each with bright, single-level layouts. Unit A was recently updated with new flooring and a modern bathroom. Unit B is a well-equipped studio rental, and Unit C is an updated 1-bedroom unit. Current leases generate a total monthly rental income of $2,610 (A: $1,050, B: $685, C: $875). The property also includes off-street parking and a detached garage. Walkable to Colorado Mesa University, shopping, dining, and major roadways, this triplex offers strong rental demand and an estimated 7% cap rate—making it an ideal income-producing investment or owner-occupied opportunity.

    Listing Agents

    The listing agent for 1405 Elm Ave is WALZ CARLISLE TEAM.

    Permits

    1405 Elm Ave has 7 permit records.

    Permit History
    7
    Permits

    Current Ownership

    Information about the current owner(s).

    Property History

    1405 Elm Ave has undefined property events records (listings, deeds, permits, tax, foreclosure, loan).

    Property Events

    Environment

    Environmental factors around 1405 Elm Ave

    School Information

    Public/private schools serving 1405 Elm Ave

    Neighborhood

    This property is located in Grand View East, Grand Junction, CO 81501.

    Market Trends

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    Copyright © 2025 Grand Junction Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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