Prime development opportunity by Colorado mesa University! Discover the rare potential of this residential income property situated on a large .41-acre corner lot in the heart of Grand Junction. Just steps away from Colorado mesa University, this property not only offers investment income, but also incredible investment potential. With RH-24 zoning, the lot allows for high-density residential, multifamily development, and Additional Dwelling Unit (ADU). Property is currently leased month to month. Don't miss this chance to secure one of the largest residential parcels near CMU with endless possibilities for redevelopment and income potential!
Sold for $410,000
$410,000
1290 Walnut Ave, Grand Junction, CO 81501
2beds
1baths
1,374sqft
Single Family Residence
Built in 1956
0.41 Acres Lot
$-- Zestimate®
$298/sqft
$1,828 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,828/mo
Zestimate® history
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$1,828/mo
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$1,828/mo
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$2,357/mo
Est. payment
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$2,357/mo
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List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
CORY CARLSON 970-261-9311,
VENTURE GROUP
Bought with:
DEREK IRICK
BRAY REAL ESTATE
Source: GJARA,MLS#: 20254741
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
Primary bedroom
- Level: Main
- Dimensions: 11.5' x 13'
Bedroom 2
- Level: Main
- Dimensions: 10.5' x 12.5'
Dining room
- Level: Main
- Dimensions: 5.5' x 9'
Family room
- Dimensions: NA
Kitchen
- Level: Main
- Dimensions: 10' x 12.6'
Laundry
- Level: Main
- Dimensions: 5.5' x 9'
Living room
- Level: Main
- Dimensions: 12' x 8.4'
Heating
- Floor Furnace
Cooling
- Evaporative Cooling
Appliances
- Included: Dryer, Dishwasher, Electric Oven, Electric Range, Disposal, Refrigerator, Washer
Features
- Kitchen/Dining Combo, Main Level Primary, None
- Flooring: Carpet, Linoleum
- Basement: Partial
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 1,374
- Total interior livable area: 1,374 sqft
Property
Accessibility
- Accessibility features: None
Features
- Patio & porch: Covered, Patio
- Exterior features: None
- Fencing: Chain Link
Lot
- Size: 0.41 Acres
- Dimensions: 150' x 120'
- Features: None
Details
- Parcel number: 294512200172
- Zoning description: RH-24
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Block, Stone
- Roof: Asphalt,Composition
Condition
- Year built: 1956
Utilities & green energy
- Sewer: Connected
- Water: Public
Community & neighborhood
Location
- Region: Grand Junction
HOA & financial
HOA
- Has HOA: No
- Services included: None
Price history
| Date | Event | Price |
|---|---|---|
| 3/26/2026 | Sold | $410,000-3.5%$298/sqft |
Source: GJARA #20254741 Report a problem | ||
| 2/6/2026 | Pending sale | $425,000$309/sqft |
Source: GJARA #20254741 Report a problem | ||
| 10/7/2025 | Price change | $425,000-5.6%$309/sqft |
Source: GJARA #20254741 Report a problem | ||
| 10/1/2025 | Pending sale | $450,000$328/sqft |
Source: GJARA #20254741 Report a problem | ||
| 6/1/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 5/20/2024 | Listed for rent | $1,375+10%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/2/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 10/30/2023 | Listed for rent | $1,250$1/sqft |
Source: Zillow Rentals Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,222 +0.6% | $21,640 +3.7% |
| 2024 | $1,215 +13.9% | $20,870 -3.6% |
| 2023 | $1,067 -0.3% | $21,640 +46.2% |
| 2022 | $1,070 +29.5% | $14,800 -2.8% |
| 2021 | $827 | $15,220 +26.5% |
| 2020 | $827 +2% | $12,030 -0.7% |
| 2019 | $810 | $12,110 +5.8% |
| 2018 | $810 +2.2% | $11,450 |
| 2017 | $793 | $11,450 -9.4% |
| 2016 | $793 -1.3% | $12,640 |
| 2015 | $803 +11.3% | $12,640 +10.4% |
| 2014 | $722 | $11,450 |
| 2013 | -- | $11,450 +18.2% |
| 2012 | $577 | $9,690 |
| 2011 | -- | $9,690 -30% |
| 2010 | -- | $13,850 |
| 2009 | -- | $13,850 +19.7% |
| 2008 | $744 -8.1% | $11,570 -0.5% |
| 2007 | $810 +21.1% | $11,630 +21.8% |
| 2006 | $669 -16.6% | $9,550 -9.1% |
| 2005 | $803 +39.1% | $10,510 +30.2% |
| 2004 | $577 -15.3% | $8,070 -12.9% |
| 2003 | $681 +6.8% | $9,260 +0.9% |
| 2002 | $637 | $9,179 |
Find assessor info on the county website
Neighborhood: 81501
Nearby schools
GreatSchools rating
- 7/10Orchard Avenue Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 5/10West Middle SchoolGrades: 6-8Distance: 1.2 mi
- 5/10Grand Junction High SchoolGrades: 9-12Distance: 0.8 mi
Schools provided by the listing agent
- Elementary: Tope
- Middle: West
- High: Grand Junction
Source: GJARA. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Colorado
- Mesa County
- Grand Junction
- 81501
- 1290 Walnut Ave
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