1615 N 20th Street, Grand Junction, CO 81501 (MLS # 20265043)

INVESTMENT OPPORTUNITY WITH $30,600 IN ANNUAL GROSS RENTAL INCOME! Welcome to 1615 N 20th Street in central Grand Junction, Colorado, offering two income-producing living spaces, extensive updates, and additional possibilities on a spacious 0.20-acre lot. The 1,034 sq. ft. ranch-style main residence features 2 bedrooms, 1 bathroom, beautifully refinished hardwood floors, an updated kitchen and bathroom, a new electrical panel, and a tankless water heater. Currently rented for $1,500 per month, this home combines classic character with modern improvements. The attached 1-bedroom, 1-bathroom ADU provides a second income stream, currently rented for $1,050 per month. Together, the two units generate $2,550 in monthly gross rental income, or $30,600 annually, making this an attractive opportunity for investors seeking established rental income. Situated on a large, fully fenced 0.20-acre lot, the property features convenient alley and gate access, a garage, and a shop offering valuable storage and workspace. The xeriscaped front yard helps minimize maintenance, and appliances are included in both units. The owner has also explored potential expansion options with the City of Grand Junction, offering possibilities for future improvements, subject to city approval. Conveniently located near Colorado Mesa University, St. Mary's Medical Center, Downtown Grand Junction, shopping, restaurants, and everyday amenities, this property offers a central location with strong rental appeal. Two occupied units. $2,550 per month in existing gross rent. Updated interiors. Garage and shop. Large fenced lot. Whether you're expanding your investment portfolio or exploring future owner-occupancy opportunities, 1615 N 20th Street deserves a closer look. Schedule your private showing and discover the income potential this Grand Junction property has to offer!

Last Updated	10/9/2026	Tract	Delmar Pk & Hic
Year Built	1953	Community	Grand Junction City
County	Mesa

SCHOOLS

Elementary School	Orchard Avenue
Jr. High School	Bookcliff
High School	Central

Additional Details

AIR	Evaporative Cooling
AIR CONDITIONING	Yes
APPLIANCES	Dishwasher, Dryer, Gas Cooktop, Range Hood, Refrigerator, Washer
AREA	Grand Junction City
BASEMENT	Crawl Space
CONSTRUCTION	Stucco
EXTERIOR	None
HEAT	Forced Air, Natural Gas
LOT	8712 sq ft
LOT DIMENSIONS	Irregular
STORIES	1
STYLE	Ranch
SUBDIVISION	Delmar Pk & Hic
TAXES	1109.75
UTILITIES	Sewer Connected
WATER	Public
ZONING	RES

Location

 

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