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33 Beds
23 Baths
17,259 sqft

$2,900,000

501 Independent Avenue, Grand Junction CO, 81505

Price per sqft$168.03
Built in2001
Property size17,259 sqft
Property typeMulti-family

Overview

Active

Listed May 7, 2026

Updated Jun 25

Rare investment opportunity. This apartment complex is centrally located with 12 units (nine 3bed/2bath and three 2bed/2bath units) all with attached garage spaces. This complex boasts several upsides including new siding, roofing, stairs, fire sprinkler systems and improved insulation. Very low maintenance and almost ZERO vacancy. Rents are going up through attrition and units are typically rented prior to changing from one tenant to another. This property also has potential to add another 4 plex with excellent views. All units have washer/dryer hookups and long term projected maintenance expense is very low. All units include an electric range oven, refrigerator and dishwasher. NOI expected to increase by $8k-$9k in 2027. All information deemed reliable, buyer to verify.

$19,294/mo

Est. mortgage payment based on a $2,900,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
20262136

Interior Features

Bedrooms
33
Bathrooms
23
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.16 Acres

Other Property Details

Taxes
$7,513
Tax Frequency
Annually
MLS provider logo

Courtesy of RE/MAX 4000, INC, ,
Listing Contact: 970-712-6868 

Based on information from Grand Junction Area REALTORS Association as of 6/25/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing.  Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

©2026 Grand Junction Area REALTORS Association. . All rights reserved.

Data last updated 5:31 AM UTC, 6/25/2026

 

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