For sale

$2,900,000

501 Independent Ave, Grand Junction, CO 81505

33beds

23baths

17,259sqft

$17,852/mo

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Multi Family

Built in 2001

-- sqft lot

$-- Zestimate^®

$168/sqft

$-- HOA

What's special

Improved insulationNew sidingFire sprinkler systems

Rare investment opportunity. This apartment complex is centrally located with 12 units (nine 3bed/2bath and three 2bed/2bath units) all with attached garage spaces. This complex boasts several upsides including new siding, roofing, stairs, fire sprinkler systems and improved insulation. Very low maintenance and almost ZERO vacancy. Rents are going up through attrition and units are typically rented prior to changing from one tenant to another. This property also has potential to add another 4 plex with excellent views. All units have washer/dryer hookups and long term projected maintenance expense is very low. All units include an electric range oven, refrigerator and dishwasher. NOI expected to increase by $8k-$9k in 2027. All information deemed reliable, buyer to verify.

80 days

241

11

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 33
Bathrooms: 23

Heating

Baseboard, Hot Water, Natural Gas

Cooling

Evaporative Cooling

Appliances

Included: Dishwasher, Electric Oven, Electric Range
Laundry: Washer Hookup, Dryer Hookup

Features

None, Window Treatments
Flooring: Carpet
Windows: Window Coverings
Has fireplace: No

Interior area

Total structure area: 17,259
Total interior livable area: 17,259 sqft

Property

Accessibility

Accessibility features: None

Features

Levels: Two
Stories: 2
Patio & porch: Covered, Deck
Exterior features: None

Lot

Size: 6,969 Square Feet
Features: Xeriscape

Details

Parcel number: 294510400033
Zoning description: RH-16

Construction

Type & style

Home type: MultiFamily
Architectural style: Two Story
Property subtype: Multi Family

Materials

Wood Siding, Wood Frame
Foundation: Slab
Roof: Asphalt,Composition

Condition

Year built: 2001

Utilities & green energy

Sewer: Connected
Water: Public

Green energy

Water conservation: Water-Smart Landscaping

Community & HOA

Community

Subdivision: Area 15 Merchand

HOA

Has HOA: No
Amenities included: None
Services included: None

Location

Region: Grand Junction
Elevation: 4593

Financial & listing details

Price per square foot: $168/sqft
Annual tax amount: $7,513
Date on market: 5/4/2026
Road surface type: Paved

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
5/7/2026	Listed for sale	$2,900,000$168/sqft
Source: GJARA #20262136 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

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.

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