Sold for $14,750,000

$14,750,000

512-514 516th Rd #28-3/4, Grand Junction, CO 81502

83beds

83baths

55,392sqft

Multi Family, Apartment

Built in 2025

-- sqft lot

$14,741,300 Zestimate^®

$266/sqft

$1,626 Estimated rent

Home value

$14,741,300

$14.00M - $15.48M

$1,626/mo

Zestimate^® history

Owner options

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$1,626/mo

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$1,626/mo

Rent Zestimate^®

Refinance and save

$97,364/mo

Est. payment

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$97,364/mo

Est. payment

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What's special

Incredible Investment Opportunity – 83 New Units! Completed in 2025, Three free-standing apartment buildings with 83 premium units at 28 3/4 rd. and North Ave. They can be purchased individually or as a package with 512 (31 units $5,460,000), 514 (24 units $4,740,000) and 516 (28 units $5,580,000) for $15,780,000 This property includes 60 modern apartments plus 23 fully furnished apartments. * Fully leased with excellent tenants * Prime central location at 28 3/4 Rd. & North Ave.—steps from Walmart, Texas Roadhouse, Del Taco & more * High-quality new construction by Grand Junction Real Estate Investments * Strong, stable income stream with optional on-site management available This is a rare chance to secure a premier, turn-key multifamily investment in one of Grand Junction’s fastest-growing and most in-demand corridors. Call today to learn more—opportunities like this don’t come around often!

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 83
Bathrooms: 83

Heating

Baseboard, Electric

Cooling

Central Air, Window Unit(s)

Appliances

Included: Dryer, Dishwasher, Electric Oven, Electric Range, Disposal, Microwave, Other, Refrigerator, Range Hood, See Remarks, Washer
Laundry: Dryer Hookup

Features

None
Flooring: Carpet, Laminate
Basement: None
Has fireplace: No

Interior area

Total structure area: 55,392
Total interior livable area: 55,392 sqft

Property

Accessibility

Accessibility features: None

Features

Levels: Two
Stories: 2
Patio & porch: None
Exterior features: None

Lot

Size: 1.7 Acres
Features: Irregular Lot, Landscaped

Details

Parcel number: 294307478001
Zoning description: MU-2

Construction

Type & style

Home type: MultiFamily
Architectural style: Two Story
Property subtype: Multi Family, Apartment
Attached to another structure: Yes

Materials

Stucco, Wood Siding, Wood Frame
Roof: Asphalt,Composition

Condition

Year built: 2025

Utilities & green energy

Sewer: Connected
Water: Public

Community & HOA

HOA

Has HOA: Yes
Amenities included: None
Services included: Common Area Maintenance
HOA fee: $10,627 annually

Location

Region: Grand Junction
Elevation: 4800

Financial & listing details

Price per square foot: $266/sqft
Annual tax amount: $39,445
Date on market: 9/5/2025

Price history

Date	Event	Price
7/17/2026	Sold	$14,750,000-6.5%$266/sqft
Source: GJARA #20254559 Report a problem
4/2/2026	Pending sale	$15,780,000$285/sqft
Source: GJARA #20254559 Report a problem
1/26/2026	Price change	$15,780,000-5.5%$285/sqft
Source: GJARA #20254559 Report a problem
11/14/2025	Price change	$16,700,000-2.4%$301/sqft
Source: GJARA #20254559 Report a problem
9/17/2025	Listed for sale	$17,109,000$309/sqft
Source: GJARA #20254559 Report a problem