$279,000
↓ $8K (2.8%)
●
House -
For Sale
242 Nancy St
Grand Junction, CO 81503
2 Beds
0 Bath
870 Ft²
$1,456
Est. Monthly
6.63%
Cap Rate
About This Property
Don't miss this charming 2 bed/1bath bungalow nestled on a spacious
lot in a quiet neighborhood. The property features detached
garage/workshop with electricity and carport, offering ample space
for storage and all your projects.
The home has been remodeled with new exterior and interior paint, new roof, vinyl windows, new luxury vinyl plank flooring throughout. Updated bathroom with large double walk in shower, new dishwasher, Rinnai hot water heater and Brand New Boiler! This home is perfect for the first time-home buyers or investors looking for a rental opportunity!
The home has been remodeled with new exterior and interior paint, new roof, vinyl windows, new luxury vinyl plank flooring throughout. Updated bathroom with large double walk in shower, new dishwasher, Rinnai hot water heater and Brand New Boiler! This home is perfect for the first time-home buyers or investors looking for a rental opportunity!
Unit Size
870 Ft²
Days on Market
353 days
Land Size
0.02 acres
Price per sqft
$321
Property Type
House
Property Taxes
$86
HOA Dues
-
Year Built
1954
Listed By
Jeptha Sheene
Compass Colorado, LLC - Boulder
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 10 months ago (REcolorado MLS #3656392)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 1, 2026 | Price Decreased |
$279,000
↓ $8K
(2.8%) | |
| Price Decreased | |||
| Nov 16, 2025 | Relisted | $287,000 | |
| Relisted | |||
| Oct 8, 2025 | Delisted | - | |
| Delisted | |||
| Sep 13, 2025 | In contract | - | |
| In contract | |||
| Sep 2, 2025 | Listed by Compass Colorado, LLC - Boulder | $287,000 | |
| Listed by Compass Colorado, LLC - Boulder | |||
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Property Highlights
Air Conditioning
Fireplace
Parking Details
Has Garage
Garage Spaces: 2
Interior Details
Interior Features: Open Floorplan
Appliances: Dishwasher, Refrigerator, Washer, Dryer
Laundry Features: Main Level
Fireplace Features: None
Basement: Crawl Space, Structural Floor
Exterior Details
Square Footage: 870
Square Footage Source: $0
Property Condition: Not New, Previously Owned
Architectural Style: Ranch, Cottage/Bung
Year Built: 1953
Building Area Total: 870
Levels: One
Other Structures: Outbuildings
Window Features: Window Coverings, Double Pane Windows
Construction Materials: Vinyl Siding
Patio and Porch Features: Deck
Lot Size Area: 870
Lot Size Units: Square Feet
Lot Size Acres: 0.02
Lot Size Square Feet: 870
Water Source: City Water
Financial Details
Tax Annual Amount: $1,028
Utilities Details
Cooling Type: Central Air, Ceiling Fan(s)
Heating Type: Baseboard
Sewer : Public Sewer, City Sewer
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
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Type
Beds
Baths
ft²
Price/ft²
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HOA + Taxes
About Thistle Drive
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Listed by: Jeptha Sheene, Compass Colorado, LLC - Boulder
Last Updated: 10 months ago
Data Source: REcolorado MLS, MLS# 3656392
© 2026 REcolorado® All rights reserved. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, REcolorado®. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Last Updated: 10 months ago
Data Source: REcolorado MLS, MLS# 3656392
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