Versatile multi-unit investment opportunity with strong income potential! This property offers three units—live in one and rent out two, or rent all three—making it ideal for owner-occupants or investors. Located directly behind a grocery store–anchored shopping center and just minutes from downtown, the Lunch Loop bike trails, Audubon Nature Preserve, and the Riverfront Trail, this location offers both convenience and lifestyle appeal. The main home features 2 bedrooms and 1 bathroom with a two-car carport. The newly updated studio unit includes 1 bedroom, 1 bathroom, covered patio space, and two covered parking spaces. The separate cottage offers 1 bedroom and 1 bathroom. A shared laundry area provides one washer and one dryer for tenant use. All units are vacant and ready to show. A solid opportunity with multiple income streams and excellent potential. With two carports and ample additional parking, this property is thoughtfully designed to support multiple households while still being enjoyed as one cohesive home. Extra storage with a small workshop and shed included on the property. Call today to schedule your showing. All information, including measurements and square footage, is deemed reliable but not guaranteed and should be verified by Buyer(s).
For sale
$389,000
332 Lake Rd, Grand Junction, CO 81507
4beds
3baths
2,622sqft
Est.:
Triplex, Multi Family, Multi Family
Built in 1964
-- sqft lot
$-- Zestimate®
$148/sqft
$-- HOA
What's special
Two-car carportTwo covered parking spacesCovered patio spaceNewly updated studio unit
- 14 days |
- 1,101 |
- 55 |
Likely to sell faster than
Zillow last checked: 8 hours ago
Listing updated: December 30, 2025 at 09:09am
Listed by:
AMANDA HILL 970-250-0083,
BRAY REAL ESTATE
Source: GJARA,MLS#: 20255647
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
Heating
- Baseboard, Forced Air, Hot Water, Natural Gas
Cooling
- Evaporative Cooling, Window Unit(s)
Appliances
- Included: Dryer, Dishwasher, Electric Oven, Electric Range, Microwave, Refrigerator, Washer
- Laundry: Washer Hookup, Dryer Hookup
Features
- Ceiling Fan(s), Laminate Counters, Pantry, Walk-In Shower, Window Treatments, Programmable Thermostat
- Flooring: Carpet, Laminate, Simulated Wood, Tile, Wood
- Windows: Window Coverings
- Basement: Crawl Space
- Has fireplace: No
Interior area
- Total structure area: 2,622
- Total interior livable area: 2,622 sqft
Video & virtual tour
Property
Parking
- Parking features: Guest, RV Access/Parking
Accessibility
- Accessibility features: None, Low Threshold Shower
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered, Patio
- Exterior features: Shed
Lot
- Size: 0.38 Acres
- Dimensions: 110 x 154 x 90 x 166
- Features: Adjacent To Open Space, Corner Lot, Landscaped, Xeriscape
Details
- Additional structures: Shed(s)
- Parcel number: 294516117001
- Zoning description: RSF-R
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Ranch
- Property subtype: Triplex, Multi Family, Multi Family
- Attached to another structure: Yes
Materials
- Vinyl Siding, Wood Frame
- Foundation: Slab
- Roof: Metal
Condition
- Year built: 1964
- Major remodel year: 2018
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
Green energy
- Energy generation: Solar
- Water conservation: Water-Smart Landscaping
Community & HOA
Community
- Subdivision: Dike Road
HOA
- Has HOA: No
- Amenities included: None
- Services included: None
Location
- Region: Grand Junction
- Elevation: 4550
Financial & listing details
- Price per square foot: $148/sqft
- Tax assessed value: $254,790
- Annual tax amount: $1,222
- Date on market: 12/17/2025
- Road surface type: Gravel, Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/17/2025 | Listed for sale | $389,000-2.5%$148/sqft |
Source: GJARA #20255647 Report a problem | ||
| 8/10/2023 | Listing removed | -- |
Source: GJARA #20230667 Report a problem | ||
| 8/10/2023 | Listed for sale | $399,000$152/sqft |
Source: GJARA #20230667 Report a problem | ||
| 8/7/2023 | Pending sale | $399,000+1%$152/sqft |
Source: GJARA #20230667 Report a problem | ||
| 7/28/2023 | Price change | $395,000-4.8%$151/sqft |
Source: GJARA #20230667 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,609 +0.5% | $17,970 -31.8% |
| 2024 | $1,601 +43.8% | $26,340 -3.6% |
| 2023 | $1,113 -3.3% | $27,330 +76.2% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$2,164/mo
Principal & interest
$1895
Home insurance
$136
Property taxes
$133
Climate risks
Neighborhood: 81507
Nearby schools
GreatSchools rating
- 9/10Scenic Elementary SchoolGrades: K-5Distance: 0.8 mi
- 7/10Redlands Middle SchoolGrades: 6-8Distance: 2.7 mi
- 5/10Grand Junction High SchoolGrades: 9-12Distance: 1.9 mi
Schools provided by the listing agent
- Elementary: Scenic
- Middle: Redlands
- High: Grand Junction
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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