Property Attributes
- MLS#20262136
- TypeSingle Family
- Listing Status Active
- CountyMesa
- CityGrand Junction
- AreaGrand Junction City
- NeighborhoodArea 15 Merchand
- Zip81505
- Style
- Year Built2001
- Taxes$ 7513
- Price$ 2,900,000
- Bedrooms33
- Full Bathrooms23
- Half Bathrooms0
- Sqr Footage17259
- Lot Size0.16 Acres
Data Source:
Grand Junction Area REALTOR® Association
Property Description
Rare investment opportunity. This apartment complex is centrally located with 12 units (nine 3bed/2bath and three 2bed/2bath units) all with attached garage spaces. This complex boasts several upsides including new siding, roofing, stairs, fire sprinkler systems and improved insulation. Very low maintenance and almost ZERO vacancy. Rents are going up through attrition and units are typically rented prior to changing from one tenant to another. This property also has potential to add another 4 plex with excellent views. All units have washer/dryer hookups and long term projected maintenance expense is very low. All units include an electric range oven, refrigerator and dishwasher. NOI expected to increase by $8k-$9k in 2027. All information deemed reliable, buyer to verify.
| Elementary School | Middle School | High School |
|---|---|---|
| Pomona Elementary School | West Middle School | Grand Junction High School |
| Price History | |
|---|---|
| 5/7/2026 | Listed $2,900,000 |
General Features
| Sewer | Connected |
|---|---|
| Heating | Baseboard,HotWater,NaturalGas |
| Cooling | EvaporativeCooling |
| Roof | Asphalt,Composition |
| Appliances | Dishwasher,ElectricOven,ElectricRange |
| Association Fee Includes | None |
| Patio/Porch Features | Covered,Deck |
| Architectural Style | TwoStory |
| Construction Materials | WoodSiding,WoodFrame |
| Year Built | 2001 |
| Stories Count | 2 |
| Levels | Two |
| Property Subtype | MultiFamily |
| Tax Year | 2025 |
| Current Use | Residential,SingleFamily |
| Elevation | 4593 |
| Accessibility | None |
| County | Mesa |
| Property Type | Residential |
| Association Amenities | None |
| HOA | false |
| Subdivision Name | Area 15 Merchand |
| Facing Direction | North |
| Green Water Conservation | WaterSmartLandscaping |
| Status | Active |
| Directions | From 1st Street and North Avenue head West on Independent Avenue to property. |
| ModificationTimestamp | 2026-06-24T15:49:29.767-00:00 |
| High School | Grand Junction |
| City | Grand Junction |
| Zoning Description | RH-16 |
| Number Of Units Total | 12 |
| MLS Area | Grand Junction City |
| Elementary School | Pomona |
| Land Lease Y/N | false |
| Tax Annual Amount | 7513.12 |
| Middle/Junior High School | West |
| Standard Status | Active |
| Property Sub Type Additional | MultiFamily |
| PostalCity | Grand Junction |
Interior Features
| Interior Amenities | None,WindowTreatments |
|---|---|
| Flooring | Carpet |
| Air Conditioning Y/N | true |
| Heating Y/N | true |
| Window Features | WindowCoverings |
| Fireplace Y/N | false |
| Laundry Features | WasherHookup,DryerHookup |
| Total Bedrooms | 33 |
| Total Baths | 23 |
Exterior Features
| Exterior Amenities | None |
|---|---|
| Lot Features | Xeriscape |
| Water Source | Public |
| Foundation Details | Slab |
| Building Area Total | 17259 |
| Lot Dimensions | Irregular |
| Lot Size Acres | 0.16 |
| Road Surface Type | Paved |
| Lot Size Source | Assessor |
| Road Frontage Type | CityStreet |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
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Last Updated: September 14, 2026 3:36 AM UTC
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