501 Independent Avenue, Grand Junction, CO 81505

Grand Junction
Local realty services provided by:Better Homes and Gardens Real Estate Fruit & Wine
501 Independent Avenue,Grand Junction, CO 81505
$2,900,000
  • 33 Beds
  • 23 Baths
  • 17,259 sq. ft.
  • Multi-family
  • Active
Listed by: brandon palmer
Office: re/max 4000, inc
MLS#:20262136
Source:CO_GJARA

Price summary

  • Price:$2,900,000
  • Price per sq. ft.:$168.03

About this home

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.

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with a BHGRE®  affiliated agent to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a BHGRE®  affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (CENTURY 21® , Coldwell Banker® , Corcoran® , ERA® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:2001
  • Listing ID #:20262136
  • Added:4 day(s) ago
  • Updated:May 11, 2026 at 04:42 PM

Rooms and interior

  • Bedrooms:33
  • Total bathrooms:23
  • Full bathrooms:23
  • Flooring:Carpet
  • Kitchen Description:Dishwasher, Electric Oven, Electric Range
  • Living area:17,259 sq. ft.

Heating and cooling

  • Cooling:Evaporative Cooling
  • Heating:Baseboard, Hot Water, Natural Gas

Structure and exterior

  • Roof:Asphalt, Composition
  • Year built:2001
  • Building area:17,259 sq. ft.
  • Lot area:0.16 Acres
  • Lot Features:Xeriscape
  • Construction Materials:Wood Frame, Wood Siding
  • Foundation Description:Slab
  • Levels:2 Story

Schools

  • High school:Grand Junction
  • Middle school:West
  • Elementary school:Pomona

Utilities

  • Water:Public
  • Sewer:Connected

Finances and disclosures

  • Price:$2,900,000
  • Price per sq. ft.:$168.03
  • Tax amount:$7,513 (2025)

Features and amenities

  • Appliances:Dishwasher, Electric Oven, Electric Range
  • Laundry features:Dryer Hookup, Washer Hookup
  • Amenities:Window Coverings

New listings near 501 Independent Avenue