About This Home

This 4-bedroom, 4-bathroom multi-family at 236 Gunnison Avenue in Grand Junction, CO is listed for $683,000 ($345 per sqft). Built in 1939, the home offers 1,978 sqft of living space on a 0.17 acres lot.

Key Features

  • Built in 1939
  • 0.17 acre lot

Property Details

4 full
1939

Amenities

HardwoodA/C
Listing 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 th

e 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.**

Monthly Cost Estimate

$3,653/mo

20% down · 6.5% · 30 years

Principal$494
Interest$2,960
Insurance$199

Estimates only. Actual payments may vary.

Location

236 Gunnison Avenue

Grand Junction, CO 81501

City of Grd Jct

Features & Amenities

Interior Features

LaminateCounters

Exterior Features

ShedSprinklerIrrigation

Property Details

Flooring

LaminateSimulatedwoodHardwood

Construction

Stucco WoodSiding WoodFrame

Outdoor Features

Patio

Heating

Forced AirHot Water(Heating)Natural Gas

Appliances

RefrigeratorRangeHood

Questions & Answers

This 4-bedroom, 4-bathroom multi-family at 236 Gunnison Avenue is listed at $683,000 ($345/sqft). The estimated monthly payment is $3,653 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1939, 0.17 acre lot. Interior Features: LaminateCounters. Exterior Features: Shed, SprinklerIrrigation.

This property is listed by Jim Brunswick - The Brunswick Team.

JT

Jim Brunswick - The Brunswick Team

Agent at RE/MAX 4000, INC

Listed by RE/MAX 4000, INC · Broker phone: 970-241-4000 · View on Broker Site

MLS# 20264563· Source: Grand Junction Area Association of Realtors· 51 days on PropertySimple

Copyright © 2026 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.

236 Gunnison Avenue, Grand Junction, CO 81501

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