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Excellent multifamily investment opportunity with four units and strong potential for increased rental income. Units 1 and 4 have been updated with LVP flooring and fresh paint, while Units 2 and 3 are occupied by long-term tenants, providing stable rental history. With updated units already positioned for the market and potential to increase rents over time, this property offers investors an opportunity for both immediate income and future growth. A great addition to any investment portfolio with upside through thoughtful management and rental-rate adjustments. Current cap rate of 6.5%.
Property Type(s):
Residential Income
| Last Updated | 8/19/2026 | Tract | Bookcliff Terra |
|---|---|---|---|
| Year Built | 1981 | Community | NE Grand Junction |
| County | Mesa |
SCHOOLS
| Elementary School | Fruitvale |
|---|---|
| Jr. High School | Bookcliff |
| High School | Central |
Additional Details
| AIR | Evaporative Cooling |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Electric Oven, Electric Range, Refrigerator |
| AREA | NE Grand Junction |
| BASEMENT | Crawl Space |
| CONSTRUCTION | Masonite |
| EXTERIOR | None |
| FIREPLACE | Yes |
| HEAT | Forced Air, Natural Gas |
| LOT | 0.25 acre(s) |
| LOT DESCRIPTION | Landscaped |
| LOT DIMENSIONS | 80 x 135 |
| STORIES | 2 |
| STYLE | Fourplex, TwoStory |
| SUBDIVISION | Bookcliff Terra |
| TAXES | 2391.48 |
| UTILITIES | Sewer Connected |
| WATER | Public |
| ZONING | Multi |
Location
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Listing provided by MICAH FRITZEL, MOUNTAIN VALLEY REAL ESTATE
Listing information is deemed reliable, but not guaranteed.
This IDX solution is (c) Diverse Solutions 2026.
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