Current Contract has a Contingency. Turnkey investment opportunity! This fully rented fourplex has been completely remodeled and is dialed in for immediate cash flow. Each unit has been fully renovated, minimizing maintenance and maximizing tenant appeal. The property features an on-site laundry area for added convenience. A detached shed provides extra storage, while the RV parking area offers flexibility for owner use or the possibility of creating an additional rental stream. With a strong cap rate of 6.73,this property is an excellent addition to any investor’s portfolio. Whether you’re looking to expand your holdings or secure a stable, income-producing asset, this well-maintained fourplex is ready to perform from day one.
Sold for $779,000
$779,000
2698 Milo Dr, Grand Junction, CO 81503
8beds
4baths
4,080sqft
Quadruplex, Multi Family, Multi Family
Built in 1977
-- sqft lot
$777,200 Zestimate®
$191/sqft
$1,875 Estimated rent
Home value
$777,200
$738,000 - $816,000
$1,875/mo
Zestimate® history
Owner options
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$1,875/mo
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$1,875/mo
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$4,404/mo
Est. payment
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$4,404/mo
Est. payment
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On-site laundry area
Zillow last checked:
Listing updated:
Listed by:
MICHELLE RITTER 970-261-9817,
RE/MAX 4000, INC
Bought with:
WALZ CARLISLE TEAM
RIVER CITY REAL ESTATE, LLC
Source: GJARA,MLS#: 20261339
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Baseboard, Hot Water, Natural Gas
Cooling
- Evaporative Cooling
Appliances
- Included: Dishwasher, Electric Oven, Electric Range, Refrigerator
Features
- Laminate Counters, Window Treatments
- Flooring: Carpet, Luxury Vinyl, Luxury VinylPlank, Tile
- Windows: Low-Emissivity Windows, Window Coverings
- Basement: Crawl Space
- Has fireplace: No
Interior area
- Total structure area: 4,080
- Total interior livable area: 4,080 sqft
Property
Parking
- Parking features: RV Access/Parking
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Patio & porch: None
- Exterior features: Shed
Lot
- Size: 0.28 Acres
- Dimensions: 113 x 129 x 40 x 42 x 70 x 90
- Features: Corner Lot, Xeriscape
Details
- Additional structures: Shed(s)
- Parcel number: 294526125002
- Zoning description: RMF
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Two Story,Fourplex
- Property subtype: Quadruplex, Multi Family, Multi Family
- Attached to another structure: Yes
Materials
- Wood Siding, Wood Frame
- Foundation: Stem Wall
- Roof: Asphalt,Composition
Condition
- Year built: 1977
- Major remodel year: 2024
Utilities & green energy
- Sewer: Connected
- Water: Public
Green energy
- Energy efficient items: Lighting, Windows
- Water conservation: Water-Smart Landscaping
Community & HOA
Community
- Subdivision: Charla
HOA
- Has HOA: No
- Amenities included: None
- Services included: None
Location
- Region: Grand Junction
- Elevation: 4597
Financial & listing details
- Price per square foot: $191/sqft
- Tax assessed value: $499,500
- Annual tax amount: $2,405
- Date on market: 3/26/2026
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 5/22/2026 | Sold | $779,000$191/sqft |
Source: GJARA #20261339 Report a problem | ||
| 4/15/2026 | Pending sale | $779,000$191/sqft |
Source: GJARA #20261339 Report a problem | ||
| 3/26/2026 | Listed for sale | $779,000+67.5%$191/sqft |
Source: GJARA #20261339 Report a problem | ||
| 10/30/2020 | Sold | $465,000+43.1%$114/sqft |
Source: Public Record Report a problem | ||
| 11/6/2007 | Sold | $325,000+133.1%$80/sqft |
Source: Public Record Report a problem | ||
| 5/27/2003 | Sold | $139,400$34/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,761 +0.5% | $35,220 +31.2% |
| 2024 | $1,752 +8.3% | $26,840 |
| 2023 | $1,617 -1.2% | $26,840 +30.7% |
| 2022 | $1,637 +13.7% | $20,540 -4.9% |
| 2021 | $1,440 | $21,600 +11.4% |
| 2020 | $1,440 +11.8% | $19,390 -0.7% |
| 2019 | $1,288 | $19,520 +17.3% |
| 2018 | $1,288 +6.1% | $16,640 |
| 2017 | $1,214 | $16,640 -6% |
| 2016 | $1,214 -0.8% | $17,700 |
| 2015 | $1,224 +8.7% | $17,700 +9% |
| 2014 | $1,126 | $16,240 |
| 2013 | -- | $16,240 -2.8% |
| 2012 | $1,121 | $16,710 |
| 2011 | -- | $16,710 -26% |
| 2010 | -- | $22,580 |
| 2009 | -- | $22,580 +37.4% |
| 2008 | $1,177 -7.2% | $16,430 |
| 2007 | $1,269 +27.8% | $16,430 +32.2% |
| 2006 | $993 -7.6% | $12,430 |
| 2005 | $1,075 +5.2% | $12,430 -3% |
| 2004 | $1,022 -9.6% | $12,820 -13% |
| 2003 | $1,131 +21.3% | $14,730 +15.4% |
| 2002 | $932 -14.3% | $12,760 -6% |
| 2001 | $1,088 | $13,580 |
Find assessor info on the county website
Neighborhood: 81503
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Nearby schools
GreatSchools rating
- 4/10Dos Rios Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 5/10Orchard Mesa Middle SchoolGrades: 6-8Distance: 0.5 mi
- 5/10Grand Junction High SchoolGrades: 9-12Distance: 2.5 mi
Schools provided by the listing agent
- Elementary: Dos Rios
- Middle: Orchard Mesa
- 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
- 81503
- 2698 Milo Dr
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