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 512 (31 units $5,800,000) and 514 (24 units $5,000,000) for a total of $16,700,000 This property includes 28 modern 1 bedroom /1-bath apartments, all with stackable washer/dryers. 8 Units are fully furnished. * 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 cut: $411.1K (11/14)
$5,900,000
516-28 3/4 Rd, Grand Junction, CO 81501
28beds
28baths
20,888sqft
Est.:
Multi Family, Apartment
Built in 2025
-- sqft lot
$5,413,100 Zestimate®
$282/sqft
$295/mo HOA
What's special
- 124 days |
- 152 |
- 1 |
Zillow last checked: 8 hours ago
Listing updated: November 14, 2025 at 09:09am
Listed by:
STACEY COOK 970-250-4663,
COOK REAL ESTATE & DEVELOPMENT,
DEB COOK 970-424-2227,
COOK REAL ESTATE & DEVELOPMENT
Source: GJARA,MLS#: 20254556
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 28
- Bathrooms: 28
Heating
- Electric
Cooling
- Central Air, Window Unit(s)
Appliances
- Included: Dryer, Electric Oven, Electric Range, Refrigerator, Washer
Features
- None
- Flooring: Carpet, Laminate
- Basement: None
- Has fireplace: No
Interior area
- Total structure area: 20,888
- Total interior livable area: 20,888 sqft
Property
Accessibility
- Accessibility features: Grab Bars, See Remarks
Features
- Levels: Two
- Stories: 2
- Patio & porch: None
- Exterior features: None, Sprinkler/Irrigation
Lot
- Size: 0.62 Acres
- Features: Irregular Lot, Landscaped, Sprinkler System
Details
- Parcel number: 294307476010
- 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
- HOA fee: $3,542 annually
Location
- Region: Grand Junction
- Elevation: 4800
Financial & listing details
- Price per square foot: $282/sqft
- Tax assessed value: $2,976,000
- Annual tax amount: $11,796
- Date on market: 9/5/2025
Estimated market value
$5,413,100
$5.14M - $5.68M
$1,543/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/14/2025 | Price change | $5,900,000-6.5%$282/sqft |
Source: GJARA #20254556 Report a problem | ||
| 9/17/2025 | Listed for sale | $6,311,100$302/sqft |
Source: GJARA #20254556 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $13,181 +38% | $209,810 +9.4% |
| 2024 | $9,554 +291.4% | $191,810 +36.1% |
| 2023 | $2,441 +172.1% | $140,900 +316.1% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$33,438/mo
Principal & interest
$29062
Home insurance
$2065
Other costs
$2311
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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