236 Gunnison Avenue, Grand Junction, CO 81501
Local realty services provided by:CENTURY 21 CapRock Real Estate
236 Gunnison Avenue,Grand Junction, CO 81501
$683,000
- 4 Beds
- 4 Baths
- 1,978 sq. ft.
- Multi-family
- Active
Listed by: jim brunswick - the brunswick team
Office: re/max 4000, inc
MLS#:20264563
Source:CO_GJARA
Price summary
- Price:$683,000
- Price per sq. ft.:$345.3
About this home
**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.**...
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Home facts
- Year built:1939
- Subdivision & Development:City of Grd Jct
- Listing ID #:20264563
- Added:1 day(s) ago
- Updated:September 10, 2026 at 06:03 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:4
- Full bathrooms:4
- Flooring:Hardwood, Laminate, Simulated Wood
- Kitchen Description:Range Hood, Refrigerator
- Basement:Yes
- Basement Description:Exterior Entry, Finished, Full
- Living area:1,978 sq. ft.
Heating and cooling
- Cooling:Evaporative Cooling
- Heating:Forced Air, Hot Water, Natural Gas
Structure and exterior
- Roof:Asphalt, Composition
- Year built:1939
- Building area:1,978 sq. ft.
- Lot area:0.17 Acres
- Lot Features:Landscaped, Sprinkler System
- Construction Materials:Stucco, Wood Frame, Wood Siding
- Exterior Features:Shed, Sprinkler Irrigation
- Foundation Description:Slab
- Levels:1 Story
Schools
- High school:Grand Junction
- Middle school:West
- Elementary school:Chipeta
Utilities
- Water:Public
- Sewer:Connected
Finances and disclosures
- Price:$683,000
- Price per sq. ft.:$345.3
- Tax amount:$1,782 (2025)
Features and amenities
- Appliances:Range Hood, Refrigerator
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