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
$697,900 Zestimate®
$180/sqft
$1,589 Estimated rent
Home value
$697,900
$649,000 - $747,000
$1,589/mo
Zestimate® history
Owner options
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$1,589/mo
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$3,949/mo
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$3,949/mo
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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: 0.50 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 & neighborhood
Location
- Region: Grand Junction
- Subdivision: Area 12 M&B
Other
Other facts
- 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 |
|---|---|---|
| 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 schools
GreatSchools rating
- 2/10Nisley Elementary SchoolGrades: PK-5Distance: 0.2 mi
- 3/10Bookcliff Middle SchoolGrades: 6-8Distance: 0.8 mi
- 4/10Central 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.
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- Colorado
- Mesa County
- Grand Junction
- 81501
- 2863 Elm Ave
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