Exceptional downtown duplex just blocks from Main Street, offering immediate income and future upside. This well-maintained and updated property features two 1-bedroom units with stable long-term tenants on 1 side and vacant on the other. One unit offers a spacious two-story layout with 2 bathrooms, while the second provides a comfortable single-level 1 bed/1 bath. Situated on a generous lot with a large backyard, this property stands out for its potential to add an Accessory Dwelling Unit (ADU)—a rare opportunity in one of Grand Junction’s most desirable and evolving neighborhoods. Walking distance to downtown and CMU, each unit has an extra room which could be transformed into a 2nd bedroom. I also know some parents of college students are looking too. Whether you are an investor seeking long-term appreciation, or an owner-occupant looking to live in one unit while generating income from the others, this property offers flexibility and upside that is increasingly hard to find downtown.
Multi-familyProperty Type
1900Year Built
6,250 sq ftLot Size
$204Price/Sq.Ft.
Listed by KATHLEEN HAAS• COLORADO REALTY 4 LESS, LLC
Downtown Grand Junction, located between the Colorado Riverfront and the Bookcliffs, is a historic and walkable Grand Junction neighborhood with brick-lined blocks and a plaza-centered street grid. The neighborhood’s character concentrates around Main Street at 5th Street, where galleries, independent boutiques, patios, and late-day foot traffic cluster under mature street trees. The Avalon Theatre anchors the cultural calendar in a restored marquee setting. Nearby, the Museum of the West and the Art Center of Western Colorado add a steady rhythm of exhibits and classes. Architecture mixes early-20th-century storefronts with loft-style conversions and civic buildings. Pocket parks and the nearby river trail shape a daily routine built around downtown blocks and open-air views.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Walk-in closets
Partial basement
Kitchen
Dishwasher
Electric oven
Electric range
Refrigerator
Laundry & utility
Washer
Dryer
Flooring
Carpet
Hardwood
Vinyl
Heating & cooling
Forced air heating (natural gas)
Window air conditioning units
Exterior features
Landscaped yard
Paved, public maintained city street frontage
Home design
Duplex residential income property
Two-story
Faces south
Entry level basement: partial
Construction
Vinyl siding
Metal roof
Slab foundation
Built on two levels
Utilities
Public water
Sewer connected
HOA & community
No association amenities
Financial info
Residential income (duplex / multi-family)
Other
Zoning: R-8
Electricity and solar
View estimated energy costs and solar savings for this home
Hello Opportunity!!! This duplex is so darn cute! Quiet tree-lined street, convenient location that is walking distance to the campus and Downtown. Nice sized lot with alley access and parking. One unit has 1 bedroom plus an office space and 1 & 3/4 bath and the other unit has 1 bedroom plus an office and a ¾ bath. Live in one side and rent the other, or rent both. .. long term or short term, there is NO HOA. Nice size kitchen with lots of cabinets. Both units are separately metered gas and electric with the electrical and plumbing previously updated. Do not miss this opportunity! So many possibilities that don't come around very often!
Public Records
Sep 30, 2015
Sold
$195,000
$84/sq ft
Public Records
Mar 31, 2015
Sold
$136,100
$58/sq ft
Public Records
Jul 30, 2003
Sold
$140,000
$60/sq ft
Public Records
Dec 19, 1997
Sold
$74,000
$32/sq ft
Public Records
Jun 20, 1996
Sold
$62,500
$27/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$1,859 (+67.7%)
$5,630 + $20,030
$25,660
2024
$1,108 (+0.6%)
$5,630 + $20,030
$25,660
2023
$1,102 (−25.3%)
$4,060 + $11,520
$15,580
2022
$1,475 (−2.5%)
$4,080 + $16,380
$20,460
2021
$1,513 (+33.1%)
$4,290 + $17,230
$21,520
2020
$1,137 (+5.8%)
$4,290 + $17,230
$21,520
2019
$1,075 (−0.5%)
$3,580 + $12,970
$16,550
2018
$1,081 (+0.4%)
$3,580 + $12,970
$16,550
2017
$1,077 (+19.0%)
$3,240 + $12,040
$15,280
2016
$905 (+13.0%)
$3,380 + $11,060
$14,440
2015
$801 (+30.5%)
$3,380 + $11,060
$14,440
2014
$614 (−0.1%)
$3,380 + $9,230
$12,610
2013
$615 (−16.7%)
$2,790 + $6,950
$9,740
2012
$738 (+2.2%)
$3,340 + $8,780
$12,120
2011
$721 (+2.4%)
$3,340 + $8,780
$12,120
2010
$705 (−28.2%)
$3,340 + $8,780
$12,120
2009
$981
$4,780 + $12,140
$16,920
Public record
Public record
Zoning
Permits
Beds
5
Baths
3
Stories
1
Lot width
—
Lot depth
—
Lot size
6,250 Sq. Ft.
Year renovated
1985
Finished Sq. Ft.
2,332
Unfinished Sq. Ft.
—
Total Sq. Ft.
2,332
Year built
1900
Style
Multi-Family (2-4 Unit)
County
Mesa County
APN
294514411015
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 16, 2026.
RM-8
GREATER DOWNTOWN RESIDENTIAL OVERLAY
Residential Medium 8 District
To provide for medium density detached dwellings, two-family and other attached single-family dwellings, and medium-sized multifamily structures. RM-8 is appropriate for the creation of neighborhoods with a mix of housing types or as a transitional district between low density zone districts such as RL-4 and higher density multifamily or Mixed-Use districts. RM-8 is appropriate as indicated in Table 21.03-2: Comprehensive Plan Implementation.
Zone overlays
Permitted uses
Include but are not limited to:
Religious facility
Day care facility
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Student
Educational/school
Fire house
Police station
Park & open space
Jul 29, 2010 • Final
E
Perform an electrical service upgrade.
Electrical
Feb 25, 2002 • Final
E
Electrical
Remodel
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
5/10 Heat Factor
7 days above 96° expected this year, 18 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
2/10 Air Factor
0 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Grand Junction, CO • 81501
Average low and high temperatures (°F)
43
22
55
31
67
40
70
43
80
52
94
63
95
67
93
65
85
58
72
47
55
33
48
27
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
71/ 100
Good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.8 hrs
5.5 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 1038 Rood Ave
$467,456
$7,544 under list price of $475K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $434K to $805K.