Perfect investment property in this fully leased 4-unit property. Property features a multi-unit building with three 3-bedroom, 2-bathroom units in good condition, plus a separate 2-bedroom, 1-bathroom single-family home. Two of the three triplex units have been recently updated. Single-family home was built in 1948 and could be replaced with a larger modern unit for either owner/occupant or a unit with higher income potential. CAP Rate just under 6%. Financial information is available.Triplex photos are from Unit "C".
Sold for $700,000
$700,000
2863 Elm Ave, Grand Junction, CO 81501
11beds
7baths
3,890sqft
Quadruplex, Multi Family, Multi Family
Built in 2003
-- sqft lot
$683,000 Zestimate®
$180/sqft
$1,686 Estimated rent
Home value
$683,000
$635,000 - $738,000
$1,686/mo
Zestimate® history
Owner options
List your home for rent
$1,686/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$1,686/mo
Rent Zestimate®
Refinance and save
$4,149/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$4,149/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
JOHN DUFFY 970-234-4830,
BRAY REAL ESTATE
Bought with:
KEVIN EVERSON
KELLER WILLIAMS COLORADO WEST REALTY
Source: GJARA,MLS#: 20252011
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 11
- Bathrooms: 7
Heating
- Forced Air, Natural Gas
Cooling
- Central Air, Evaporative Cooling
Appliances
- Included: Dryer, Dishwasher, Electric Oven, Electric Range, Disposal, Microwave, Refrigerator, Washer
Features
- Window Treatments
- Flooring: Carpet, Vinyl
- Windows: Window Coverings
Interior area
- Total structure area: 3,890
- Total interior livable area: 3,890 sqft
Property
Accessibility
- Accessibility features: None
Features
- Levels: One,Two
- Stories: 1
- Patio & porch: None
- Exterior features: Shed
Lot
- Size: 0.5 Acres
- Dimensions: 72' x 300'
- Features: Landscaped
Details
- Additional structures: Shed(s)
- Parcel number: 294307400030
- Zoning description: RMF
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Ranch,Two Story,Fourplex
- Property subtype: Quadruplex, Multi Family, Multi Family
- Attached to another structure: Yes
Materials
- Masonite, Wood Siding, Wood Frame
- Foundation: Slab
- Roof: Asphalt,Composition
Condition
- Year built: 2003
- Major remodel year: 2022
Utilities & green energy
- Sewer: Connected
- Water: Public
Community & HOA
Community
- Subdivision: Area 12 M&B
HOA
- Has HOA: No
- Amenities included: None
- Services included: None
Location
- Region: Grand Junction
- Elevation: 4600
Financial & listing details
- Price per square foot: $180/sqft
- Tax assessed value: $927,490
- Annual tax amount: $2,753
- Date on market: 4/28/2025
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 6/20/2025 | Sold | $700,000+0.1%$180/sqft |
Source: GJARA #20252011 Report a problem | ||
| 5/9/2025 | Pending sale | $699,000$180/sqft |
Source: GJARA #20252011 Report a problem | ||
| 5/2/2025 | Listed for sale | $699,000+779.2%$180/sqft |
Source: GJARA #20252011 Report a problem | ||
| 1/17/2015 | Listing removed | $625 |
Source: Bray Property Management Report a problem | ||
| 1/9/2015 | Listed for rent | $625 |
Source: Bray Property Management Report a problem | ||
| 1/23/2013 | Listing removed | $625 |
Source: HotPads for Rent Report a problem | ||
| 12/19/2012 | Price change | $625-10.7% |
Source: Bray Property Management Report a problem | ||
| 9/20/2012 | Price change | $700-22.2% |
Source: Bray Property Management Report a problem | ||
| 9/7/2012 | Price change | $900+28.6% |
Source: Bray Property Management Report a problem | ||
| 8/3/2012 | Price change | $700-22.2% |
Source: Bray Property Management Report a problem | ||
| 8/2/2012 | Listed for rent | $900 |
Source: Bray Property Management Report a problem | ||
| 5/29/2012 | Listing removed | $900 |
Source: Bray Property Management Report a problem | ||
| 4/28/2012 | Listed for rent | $900 |
Source: Bray Property Management Report a problem | ||
| 12/2/2002 | Sold | $79,500+22.3%$20/sqft |
Source: Public Record Report a problem | ||
| 1/9/2001 | Sold | $65,000$17/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | $5,179 +88.1% | $63,070 -3.5% |
| 2025 | $2,753 +0.6% | $65,390 +52% |
| 2024 | $2,737 +28.2% | $43,030 |
| 2023 | $2,134 -2.5% | $43,030 +45.3% |
| 2022 | $2,189 +1.4% | $29,610 -4.9% |
| 2021 | $2,159 | $31,140 -0.9% |
| 2020 | $2,159 +21.7% | $31,420 -0.7% |
| 2019 | $1,774 | $31,640 +27.1% |
| 2018 | $1,774 +25.2% | $24,900 |
| 2017 | $1,417 | $24,900 +11.1% |
| 2016 | $1,417 -1.2% | $22,410 +0% |
| 2015 | $1,435 +12.6% | $22,400 +11.7% |
| 2014 | $1,274 | $20,050 |
| 2013 | -- | $20,050 -22.2% |
| 2012 | $1,546 | $25,760 |
| 2011 | -- | $25,760 -12.4% |
| 2010 | -- | $29,420 |
| 2009 | -- | $29,420 +10.1% |
| 2007 | $1,888 +21.9% | $26,720 +22.6% |
| 2006 | $1,549 +34.6% | $21,790 +39.1% |
| 2004 | $1,151 +138.5% | $15,660 +145.1% |
| 2003 | $483 +25.6% | $6,390 +18.8% |
| 2002 | $384 -14.9% | $5,379 -6.1% |
| 2001 | $452 | $5,730 |
Find assessor info on the county website
Neighborhood: 81501
Nearby homes
- $271,8003 bd3 ba1.1k sqft2863 Elm Ave UNIT C, Grand Junction, CO 81501Off Market
- $1,3002 bd1 ba800 sqft2863 Elm Ave #1, Grand Junction, CO 81501For Rent
- $--3 bd3 ba1.5k sqft2863 Elm Ave UNIT A, Grand Junction, CO 81501Off Market
- $--3 bd3 ba1.2k sqft2863 Elm Ave UNIT B, Grand Junction, CO 81501Off Market
- $376,8002 bd1 ba1.4k sqft2865 Elm Ave, Grand Junction, CO 81501Off Market
- $--2 bd1 ba-- sqft2865 Elm Ave APT B, Grand Junction, CO 81501Off Market
- $--2 bd1 ba1.4k sqft2865 Elm Ave APT A, Grand Junction, CO 81501Off Market
- $450,7002 bd1 ba3.3k sqft2861 Elm Cir, Grand Junction, CO 81501Off Market
Nearby schools
GreatSchools rating
- 8/10Orchard Avenue Elementary SchoolGrades: PK-5Distance: 1.2 mi
- 2/10Bookcliff Middle SchoolGrades: 6-8Distance: 0.8 mi
- 3/10Central High SchoolGrades: 9-12Distance: 2.7 mi
Schools provided by the listing agent
- Elementary: Nisley
- Middle: Bookcliff
- High: Central
Source: GJARA. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$683,000
2% more
+$13,660
With Zillow Showcase(estimated)
$696,660
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$683,000
2% more
+$13,660
With Zillow Showcase(estimated)
$696,660
- Colorado
- Mesa County
- Grand Junction
- 81501
- 2863 Elm Ave
