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Pending
    • Price cut: $12.5K (7/8)
    $412,500

    285 S Grand Mesa Dr, Cedaredge, CO 81413

    5beds
    3baths
    3,245sqft
    : 
    $2,514/mo
    Get pre-qualified
    Duplex, Multi Family, Multi Family
    Built in 2003
    -- sqft lot
    $405,700 Zestimate®
    $127/sqft
    $-- HOA

    What's special

    Fenced private yardsPrivate parking spaces
    BACK ON MAREKT DUE TO BUYER'S LENDER'S TERMS NOT ACCEPTABLE. PRICED TO SELL! This well-maintained multi-tenant residential property, built in 2003, is ideally located in the heart of downtown Cedaredge and is fully leased. Offering exceptional flexibility, this investment property presents multiple opportunities — continue generating rental income, live in one unit while renting the others, or accommodate multi-generational living. Currently configured and rented as a duplex, the property is already set up for easy conversion to a triplex with the addition of a studio apartment and a stackable washer and dryer for the upstairs unit. Recent upgrades to the apartments enhance both comfort and appeal, while private parking spaces and fenced private yards add convenience for tenants. The property is adjacent to a pocket park honoring local Veterans and is within walking distance to downtown shops, restaurants, and amenities. A detailed list of improvements is available upon request. Offered at a 6% CAP rate, this turnkey, income-producing property is an excellent investment opportunity. Showings are available with the Listing Broker and require a 48-hour notice to tenants.
    82 days
    |
    373
    |
    25
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    LUCINDA STANLEY 970-512-3000,

    GRAND MESA REAL ESTATE SERVICES

    Source: GJARA,MLS#: 20262280

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 3
      Heating
      • Baseboard
      Cooling
      • Window Unit(s)
      Appliances
      • Included: Dryer, Dishwasher, Electric Oven, Electric Range, Disposal, Gas Oven, Gas Range, Microwave, Refrigerator, Washer
      Features
      • Ceiling Fan(s), Garden Tub/Roman Tub, Jetted Tub
      • Flooring: Carpet, Luxury Vinyl, Luxury VinylPlank, Tile, Wood
      • Has fireplace: No
      Interior area
      • Total structure area: 3,245
      • Total interior livable area: 3,245 sqft

      Property

      Parking
      • Parking features: Assigned
      Accessibility
      • Accessibility features: None
      Features
      • Levels: Two
      • Stories: 2
      • Patio & porch: Covered, Deck, Patio
      • Exterior features: None
      • Has spa: Yes
      Lot
      • Size: 8,712 Square Feet
      • Dimensions: 148' x 51'
      • Features: Landscaped, Xeriscape
      Details
      • Parcel number: 319329200050
      • Zoning description: B-1

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Two Story
      • Property subtype: Duplex, Multi Family, Multi Family
      • Attached to another structure: Yes
      Materials
      • Stucco, Wood Frame
      • Foundation: Slab
      • Roof: Asphalt,Composition
      Condition
      • Year built: 2003

      Utilities & green energy

      • Sewer: Connected
      • Water: Public
      Green energy
      • Water conservation: Water-Smart Landscaping

      Community & HOA

      Community
      • Subdivision: None
      HOA
      • Amenities included: None
      • Services included: None
      Location
      • Region: Cedaredge
      • Elevation: 6251

      Financial & listing details

      • Price per square foot: $127/sqft
      • Tax assessed value: $606,982
      • Annual tax amount: $2,620
      • Date on market: 5/14/2026
      • Road surface type: Gravel

        Estimated market value

        $405,700

        $385,000 - $426,000

        $1,613/mo

        Price history

        DateEventPrice
        7/31/2026Pending sale$412,500$127/sqft
        Source: GJARA #20262280 Report a problem
        7/8/2026Price change$412,500-2.9%$127/sqft
        Source: CREN #834720 Report a problem
        5/26/2026Pending sale$425,000$131/sqft
        Source: GJARA #20262280 Report a problem
        5/14/2026Listed for sale$425,000-32.4%$131/sqft
        Source: CREN #834720 Report a problem
        10/11/2024Listing removed$629,000$194/sqft
        Source: CREN #818501 Report a problem
        10/3/2024Listed for sale$629,000+231.1%$194/sqft
        Source: CREN #818501 Report a problem
        1/22/2009Sold$190,000$59/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$2,459 +4.1%$37,937 +5.1%
        2024$2,362 +39.2%$36,083 -7.8%
        2023$1,697 +0.4%$39,139 +54.4%
        2022$1,691 $25,341 -2.8%
        2021-- $26,070 +35%
        2020$1,290 +11%$19,306 -0.7%
        2019$1,162 $19,441 +17.1%
        2018$1,162 +0%$16,601
        2017$1,162 -11%$16,601 -18.1%
        2016$1,306 +1.2%$20,269 -4.7%
        2014$1,290 $21,264
        2013-- $21,264 -5.8%
        2012-- $22,566
        2011-- $22,566 -1.2%
        2010-- $22,831
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.
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        Climate risks

        Neighborhood: 81413

        Getting around

        54 / 100
        Somewhat Walkable
        37 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Cedaredge
        • Middle: Cedaredge
        • High: Cedaredge

        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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