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For sale
  • $699,000

    2863 Elm Ave, Grand Junction, CO 81501

    11beds
    7baths
    3,890sqft
    : 
    Quadruplex, Multi Family
    Built in 2003
    -- sqft lot
    $689,900 Zestimate®
    $180/sqft
    $-- HOA

    What's special

    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".
    3 days
    on Zillow
    |
    261
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    20
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    Zillow last checked: 7 hours ago

    Listing updated: May 02, 2025 at 03:24pm

    Listed by:

    BRAY REAL ESTATE

    Source: GJARA,MLS#: 20252011
    Travel times

    Tour with a buyer’s agent

    We’ll find a local expert to take you on a private tour of 2863 Elm Ave.

    Next available tour time:Today at 11am

    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: Two
    • Stories: 2
    • 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
    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: $632,740
    • Annual tax amount: $2,753
    • Date on market: 4/28/2025
    • Road surface type: Paved
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