# 236 Gunnison Avenue, Grand Junction, CO 81501 > **TL;DR:** 4bd/4ba multi-family, $683,000 ($345/sqft), built 1939, 1,978 sqft. > Hardwood, A/C. Est. $3,653/mo. Listed 52 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $683,000 | | Price/sqft | $345 | | Bedrooms | 4 | | Bathrooms | 4 full | | Square Feet | 1,978 | | Year Built | 1939 | | Lot Size | 7,405 sqft (0.17 acres) | | Property Type | Multi-Family (Triplex) | | Status | Active | | Days on Market | 52 | ## Why This Home Stands Out - **Hardwood Floors** - Hardwood flooring listed ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $3,454 | | Estimated Insurance | $199 | | **Total** | **$3,653** | ## Nearby Schools - **Elementary:** Chipeta - **Middle:** West - **High:** Grand Junction ## Key Amenities - Hardwood - A/C ## Property Highlights - Built in 1939 - 0.17 acre lot ## Description ### Agent 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 - **Address:** 236 Gunnison Avenue, Grand Junction, CO 81501 - **County:** Mesa - **Neighborhood:** City of Grd Jct - **Coordinates:** 39.073668, -108.568592 - **Google Maps:** https://www.google.com/maps?q=39.073668,-108.568592 ## Listing Agent - **Name:** Jim Brunswick - The Brunswick Team - **Brokerage:** RE/MAX 4000, INC - **Broker Phone:** 970-241-4000 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/236-Gunnison-Ave_Grand-Junction_CO_81501_M25448-25076?f=listhub&s=GJARACO&m=20264563&c=propsimple) ## Photos ![236 Gunnison Avenue - Photo 1](http://lh.rdcpix.com/d3a82cedc3bd686568d9a84250919599l-f2441423622r.jpg) ![236 Gunnison Avenue - Photo 2](http://lh.rdcpix.com/d3a82cedc3bd686568d9a84250919599l-f351959139r.jpg) ![236 Gunnison Avenue - Photo 3](http://lh.rdcpix.com/d3a82cedc3bd686568d9a84250919599l-f3964968987r.jpg) ![236 Gunnison Avenue - Photo 4](http://lh.rdcpix.com/d3a82cedc3bd686568d9a84250919599l-f4008286413r.jpg) ![236 Gunnison Avenue - Photo 5](http://lh.rdcpix.com/d3a82cedc3bd686568d9a84250919599l-f2115473378r.jpg) ![236 Gunnison Avenue - Photo 6](http://lh.rdcpix.com/d3a82cedc3bd686568d9a84250919599l-f739460727r.jpg) ![236 Gunnison Avenue - Photo 7](http://lh.rdcpix.com/d3a82cedc3bd686568d9a84250919599l-f2900859135r.jpg) ![236 Gunnison Avenue - Photo 8](http://lh.rdcpix.com/d3a82cedc3bd686568d9a84250919599l-f753748511r.jpg) ![236 Gunnison Avenue - Photo 9](http://lh.rdcpix.com/d3a82cedc3bd686568d9a84250919599l-f2198820400r.jpg) ![236 Gunnison Avenue - Photo 10](http://lh.rdcpix.com/d3a82cedc3bd686568d9a84250919599l-f2427761575r.jpg) ![236 Gunnison Avenue - Photo 11](http://lh.rdcpix.com/d3a82cedc3bd686568d9a84250919599l-f3864149056r.jpg) ![236 Gunnison Avenue - Photo 12](http://lh.rdcpix.com/d3a82cedc3bd686568d9a84250919599l-f4037257292r.jpg) ![236 Gunnison Avenue - Photo 13](http://lh.rdcpix.com/d3a82cedc3bd686568d9a84250919599l-f3075784183r.jpg) ![236 Gunnison Avenue - Photo 14](http://lh.rdcpix.com/d3a82cedc3bd686568d9a84250919599l-f2020096016r.jpg) ![236 Gunnison Avenue - Photo 15](http://lh.rdcpix.com/d3a82cedc3bd686568d9a84250919599l-f195111033r.jpg) ![236 Gunnison Avenue - Photo 16](http://lh.rdcpix.com/d3a82cedc3bd686568d9a84250919599l-f2544270459r.jpg) ![236 Gunnison Avenue - Photo 17](http://lh.rdcpix.com/d3a82cedc3bd686568d9a84250919599l-f3775516270r.jpg) ![236 Gunnison Avenue - Photo 18](http://lh.rdcpix.com/d3a82cedc3bd686568d9a84250919599l-f3041456241r.jpg) ![236 Gunnison Avenue - Photo 19](http://lh.rdcpix.com/d3a82cedc3bd686568d9a84250919599l-f289564920r.jpg) ![236 Gunnison Avenue - Photo 20](http://lh.rdcpix.com/d3a82cedc3bd686568d9a84250919599l-f3117408422r.jpg) ![236 Gunnison Avenue - Photo 21](http://lh.rdcpix.com/d3a82cedc3bd686568d9a84250919599l-f651590154r.jpg) ![236 Gunnison Avenue - Photo 22](http://lh.rdcpix.com/d3a82cedc3bd686568d9a84250919599l-f156220549r.jpg) ![236 Gunnison Avenue - Photo 23](http://lh.rdcpix.com/d3a82cedc3bd686568d9a84250919599l-f1836218172r.jpg) ![236 Gunnison Avenue - Photo 24](http://lh.rdcpix.com/d3a82cedc3bd686568d9a84250919599l-f1590068561r.jpg) ![236 Gunnison Avenue - Photo 25](http://lh.rdcpix.com/d3a82cedc3bd686568d9a84250919599l-f245823456r.jpg) ![236 Gunnison Avenue - Photo 26](http://lh.rdcpix.com/d3a82cedc3bd686568d9a84250919599l-f1595489160r.jpg) ![236 Gunnison Avenue - Photo 27](http://lh.rdcpix.com/d3a82cedc3bd686568d9a84250919599l-f540314042r.jpg) ![236 Gunnison Avenue - Photo 28](http://lh.rdcpix.com/d3a82cedc3bd686568d9a84250919599l-f2888937410r.jpg) ![236 Gunnison Avenue - Photo 29](http://lh.rdcpix.com/d3a82cedc3bd686568d9a84250919599l-f2725673095r.jpg) ![236 Gunnison Avenue - Photo 30](http://lh.rdcpix.com/d3a82cedc3bd686568d9a84250919599l-f1545464090r.jpg) ![236 Gunnison Avenue - Photo 31](http://lh.rdcpix.com/d3a82cedc3bd686568d9a84250919599l-f1536008093r.jpg) ![236 Gunnison Avenue - Photo 32](http://lh.rdcpix.com/d3a82cedc3bd686568d9a84250919599l-f289466009r.jpg) ![236 Gunnison Avenue - Photo 33](http://lh.rdcpix.com/d3a82cedc3bd686568d9a84250919599l-f3196925630r.jpg) ![236 Gunnison Avenue - Photo 34](http://lh.rdcpix.com/d3a82cedc3bd686568d9a84250919599l-f3673842865r.jpg) ![236 Gunnison Avenue - Photo 35](http://lh.rdcpix.com/d3a82cedc3bd686568d9a84250919599l-f1802152691r.jpg) ![236 Gunnison Avenue - Photo 36](http://lh.rdcpix.com/d3a82cedc3bd686568d9a84250919599l-f335243004r.jpg) ![236 Gunnison Avenue - Photo 37](http://lh.rdcpix.com/d3a82cedc3bd686568d9a84250919599l-f3499160286r.jpg) ![236 Gunnison Avenue - Photo 38](http://lh.rdcpix.com/d3a82cedc3bd686568d9a84250919599l-f60316090r.jpg) ![236 Gunnison Avenue - Photo 39](http://lh.rdcpix.com/d3a82cedc3bd686568d9a84250919599l-f2475144293r.jpg) ![236 Gunnison Avenue - Photo 40](http://lh.rdcpix.com/d3a82cedc3bd686568d9a84250919599l-f3215630527r.jpg) --- **MLS#:** 20264563 | **Updated:** 2026-10-22 **Source:** listhub *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.* [View on PropertySimple](https://staging.propertysimple.ai/listing/236-gunnison-avenue-grand-junction-co-81501-ca2346787ea34aee84b670824fe54bc5) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://staging.propertysimple.ai/listing/236-gunnison-avenue-grand-junction-co-81501-ca2346787ea34aee84b670824fe54bc5#listing", "url": "https://staging.propertysimple.ai/listing/236-gunnison-avenue-grand-junction-co-81501-ca2346787ea34aee84b670824fe54bc5", "name": "236 Gunnison Avenue, Grand Junction, CO 81501", "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. 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