236 Gunnison Avenue, Grand Junction, CO 81501 (MLS # 20264563)

**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.**

Last Updated	9/10/2026	Tract	City of Grd Jct
Year Built	1939	Community	Grand Junction City
County	Mesa

SCHOOLS

Elementary School	Chipeta
Jr. High School	West
High School	Grand Junction

Additional Details

AIR	Evaporative Cooling
AIR CONDITIONING	Yes
APPLIANCES	Range Hood, Refrigerator
AREA	Grand Junction City
BASEMENT	Exterior Entry, Finished, Full, Yes
CONSTRUCTION	Stucco, Wood Siding
HEAT	Forced Air, Hot Water, Natural Gas
INTERIOR	Laminate Counters
LOT	7405 sq ft
LOT DESCRIPTION	Landscaped
LOT DIMENSIONS	151x50
STYLE	Other, SeeRemarks
SUBDIVISION	City of Grd Jct
TAXES	1782.1
UTILITIES	Sewer Connected
WATER	Public
ZONING	RES

Location

 

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