Incredible Investment Opportunity – Brand New Construction! Completed in 2025, this free-standing apartment building is part of a premium 83-unit community at 28 3/4 rd. and North Ave. It can be purchased individually or packaged with 514 (24 units $5,000,000) and 516 (28 units $5,900,000) for $17,109,000 This property includes 23 modern studio/1-bath apartments plus 8 fully furnished studio/1-bath units, all with access to a convenient coin-operated laundry facility. * 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!
For sale
Price increase: $443.1K (11/14)
$5,800,000
512-28 3/4 Rd, Grand Junction, CO 81501
31beds
31baths
16,600sqft
Est.:
Multi Family, Apartment
Built in 2025
-- sqft lot
$5,488,400 Zestimate®
$349/sqft
$295/mo HOA
What's special
- 125 days |
- 101 |
- 2 |
Zillow last checked: 8 hours ago
Listing updated: November 14, 2025 at 08:51am
Listed by:
STACEY COOK 970-250-4663,
COOK REAL ESTATE & DEVELOPMENT,
DEB COOK 970-424-2227,
COOK REAL ESTATE & DEVELOPMENT
Source: GJARA,MLS#: 20254543
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 31
- Bathrooms: 31
Heating
- Forced Air
Cooling
- Central Air, Window Unit(s)
Appliances
- Included: Electric Oven, Electric Range, Disposal, Microwave, Refrigerator, High Efficiency Water Heater
Features
- Ceiling Fan(s), Grab Bars in Shower or Tub, Grab Bars Around Toilet
- Flooring: Carpet, Laminate
- Basement: Finished
Interior area
- Total structure area: 16,600
- Total interior livable area: 16,600 sqft
Property
Parking
- Parking features: Guest
Accessibility
- Accessibility features: Grab Bars, Accessible Approach with Ramp, Accessible Doors, Accessible Hallway(s)
Features
- Levels: Two
- Stories: 2
- Patio & porch: None
- Exterior features: None
Lot
- Size: 0.5 Acres
- Dimensions: 125 x 170
- Features: Sprinklers In Rear, Sprinklers In Front, Landscaped
Details
- Parcel number: 294307478002
- 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: Laundry
- Services included: Common Area Maintenance, Insurance, Maintenance Structure, Sewer, Snow Removal, Taxes, Trash, Water
- HOA fee: $3,542 annually
Location
- Region: Grand Junction
- Elevation: 4800
Financial & listing details
- Price per square foot: $349/sqft
- Tax assessed value: $220,000
- Annual tax amount: $13,200
- Date on market: 9/5/2025
- Road surface type: Paved
Estimated market value
$5,488,400
$5.21M - $5.76M
$1,514/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/14/2025 | Price change | $5,800,000+8.3%$349/sqft |
Source: GJARA #20254543 Report a problem | ||
| 9/17/2025 | Listed for sale | $5,356,900$323/sqft |
Source: GJARA #20254543 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,985 +0.6% | $59,400 +104.8% |
| 2024 | $1,973 +57.3% | $29,000 |
| 2023 | $1,254 +2.5% | $29,000 +66.7% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$33,030/mo
Principal & interest
$28723
Home insurance
$2030
Other costs
$2277
Climate risks
Neighborhood: 81501
Nearby schools
GreatSchools rating
- 2/10Nisley Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 3/10Bookcliff Middle SchoolGrades: 6-8Distance: 0.7 mi
- 4/10Central High SchoolGrades: 9-12Distance: 2.6 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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