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Sold for $650,000
  • $650,000

    1450 Colorado Ave, Grand Junction, CO 81501

    10beds
    5baths
    4,035sqft
    Multi Family, Apartment
    Built in 1975
    -- sqft lot
    $667,300 Zestimate®
    $161/sqft
    $1,439 Estimated rent

    Home value

    $667,300

    $607,000 - $727,000

    $1,439/mo

    Zestimate® history
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    What's special

    PENDING BEFORE PRINT. Discover an excellent investment opportunity to own a charming multi-family complex in downtown Grand Junction, CO. This terrific income property has a strong rental history and is perfectly positioned to take advantage of the vibrant downtown lifestyle. Nestled close to downtown, this property provides easy access to a plethora of amenities, including shopping, parks, and a wide range of recreational activities, making it an ideal location for any tenant. This five-unit building offers off-street parking and an open patio space, perfect for enjoying the outdoors. Each unit has been thoughtfully designed to offer its own unique space and atmosphere, catering to diverse tenant preferences. All units feature various upgrades, ensuring they provide everything a renter might need for a comfortable living experience. Every unit comes complete with a full bathroom. Units C and D are particularly spacious, offering both ground and upper floors for added area and flexibility. This multi-family complex is not just a property; it’s an investment in a thriving community. Whether you’re an experienced investor looking to expand your portfolio or a newcomer seeking a reliable income property, this downtown complex offers the perfect blend of charm, location, and profitability. Don't miss out on this opportunity, contact us today to schedule a viewing and see for yourself why this property is such an asset!

    Zillow last checked:

    Listing updated:

    Listed by:

    JEFFREY HOFFMAN 970-361-7289,

    THE CHRISTI REECE GROUP,

    CHRISTI REECE 970-589-7700,

    THE CHRISTI REECE GROUP

    Bought with:

    HARRIET MATTHEWS

    REALTY ONE GROUP WESTERN SLOPE

    Source: GJARA,MLS#: 20250012

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 10
    • Bathrooms: 5
    Heating
    • Forced Air, Natural Gas
    Cooling
    • Central Air, Evaporative Cooling
    Appliances
    • Included: Dishwasher, Electric Oven, Electric Range, Disposal, Gas Oven, Gas Range, Refrigerator, Range Hood
    Features
    • Laminate Counters, Pantry, Walk-In Closet(s), Window Treatments
    • Flooring: Carpet, Laminate, Luxury Vinyl, Luxury VinylPlank, Tile
    • Windows: Window Coverings
    • Basement: Crawl Space
    • Has fireplace: No
    Interior area
    • Total structure area: 4,035
    • Total interior livable area: 4,035 sqft

    Property

    Accessibility
    • Accessibility features: None
    Features
    • Levels: Two
    • Stories: 2
    • Patio & porch: None
    • Exterior features: None
    Lot
    • Size: 6,098 Square Feet
    • Dimensions: 50 x 125
    • Features: None
    Details
    • Parcel number: 294513315017
    • Zoning description: MU-1

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Two Story
    • Property subtype: Multi Family, Apartment
    • Attached to another structure: Yes
    Materials
    • Vinyl Siding, Wood Frame
    • Foundation: Slab
    • Roof: Asphalt,Composition
    Condition
    • Year built: 1975

    Utilities & green energy

    • Sewer: Connected
    • Water: Public

    Community & HOA

    Community
    • Subdivision: Keiths Add
    HOA
    • Has HOA: No
    • Amenities included: None
    • Services included: None
    Location
    • Region: Grand Junction
    • Elevation: 4597

    Financial & listing details

    • Price per square foot: $161/sqft
    • Tax assessed value: $624,600
    • Annual tax amount: $2,075
    • Date on market: 1/2/2025
    • Road surface type: Paved

    Price history

    DateEventPrice
    2/28/2025Sold$650,000$161/sqft
    Source: GJARA #20250012 Report a problem
    1/2/2025Pending sale$650,000$161/sqft
    Source: GJARA #20250012 Report a problem
    5/24/2024Price change$650,000+68.8%$161/sqft
    Source: GJARA #20242282 Report a problem
    9/2/2010Listed for sale$385,000+5.2%$95/sqft
    Source: Benchmark Real Estate #650211 Report a problem
    8/11/2010Sold$366,000-4.9%$91/sqft
    Source: Public Record Report a problem
    6/9/2010Listed for sale$384,900+145.9%$95/sqft
    Source: Benchmark Real Estate #612726 Report a problem
    9/12/2008Sold$156,500$39/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$2,088 +0.6%$44,040 +31.3%
    2024$2,076 +13.3%$33,540
    2023$1,832 -2.5%$33,540 +32%
    2022$1,879 +19.5%$25,410 -4.9%
    2021$1,573 $26,720 +16.7%
    2020$1,573 +7.5%$22,890 -0.7%
    2019$1,462 $23,040 +11.5%
    2018$1,462 +16.4%$20,670
    2017$1,256 $20,670 +3.2%
    2016$1,256 -1.3%$20,030
    2015$1,273 -0.2%$20,030 -0.9%
    2014$1,275 $20,220
    2013-- $20,220 -1.9%
    2012$1,227 $20,620
    2011-- $20,620 +22.4%
    2010-- $16,840
    2009-- $16,840 +24.4%
    2008$871 -7.6%$13,540
    2007$943 +55.2%$13,540 +56.2%
    2006$607 -8.3%$8,670
    2005$662 +1.7%$8,670 -4.8%
    2004$651 -15.4%$9,110 -13%
    2003$770 +23.4%$10,470 +16.6%
    2002$624 -15.1%$8,980 -6.1%
    2001$734 $9,560
    Find assessor info on the county website

    Neighborhood: 81501

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Chipeta
    • 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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    $680,646