Incredible Investment Opportunity – 83 New Units! Completed in 2025, Three free-standing apartment buildings with 83 premium units at 28 3/4 rd. and North Ave. They can be purchased individually or as a package with 512 (31 units $5,460,000), 514 (24 units $4,740,000) and 516 (28 units $5,580,000) for $15,780,000 This property includes 60 modern apartments plus 23 fully furnished apartments. * 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!
Multi-familyProperty Type
2025Year Built
1.7 acresLot Size
$266Price/Sq.Ft.
$886/moHOA Dues
Listed by STACEY COOK• COOK REAL ESTATE & DEVELOPMENT
Bought with NON MEMBER• GRAND JUNCTION AREA REALTOR ASSOC
The MU-2 district is intended to accommodate commercial, employment, multifamily, and other uses along transportation corridors to promote development that is comfortably accessible via all modes of transportation, including motor vehicles, bicycles, and walking. Commercial uses in the MU-2 district may be somewhat larger in scale and more flexible than the MU-1 district, including more auto-oriented uses such as gas stations. While ground stories along streets are intended for commercial uses, the upper stories are appropriate for residential and office uses. MU-2 is appropriate as indicated in Table 21.03-2: Comprehensive Plan Implementation.
Permitted uses
Include but are not limited to:
Gas station
Day care facility
General retail
Restaurant
Housing-Group
Housing-Multiple units
Housing-Student
Industrial
Hotel / motel
Office
Property details
Interior
Heating & Cooling
Has Cooling
Cooling: Central Air, Window Unit(s)
Has Heating
Heating: Baseboard, Electric
Interior Features
Appliances: Dryer, Dishwasher, Electric Oven, Electric Range, Disposal, Microwave, Other, Refrigerator, Range Hood, Washer
Flooring: Carpet, Laminate
Room Information
Basement Details: None
Exterior
Exterior Features
Exterior Features: None
Patio And Porch Features: None
Roof: Asphalt, Composition
Building Information
Direction Faces: South
Sq. Ft.: 55392
Levels: Two
# of Stories Total: 2
Construction Materials: Stucco, Wood Siding
Property Information
Property Type: Residential Income
Raw Mls Property Sub Type: Apartment
Current Use: Multi-Family
Land Information
Elevation: 4800
Lot Information
Lot Features: Irregular Lot, Landscaped
Road Responsibility: Public Maintained Road
Road Frontage Type: City Street
Lot Size Dimensions: Irregular
Lot Size Acres: 1.7
Zoning Description: MU-2
Financial
Tax Information
Tax Annual Amount: $39,445
Utilities
Utility Information
Water Source: Public
Utilities: Sewer Connected
Location
HOA Information
Has Homeowners Association
Association Amenities: None
Association Fee: $10,627
Association Fee Frequency: Annually
Derived Association Fee (Monthly): $885.58
Schools Information
Elementary School: Nisley
Middle Or Junior School: Bookcliff
High School: Central
Location Information
Directions: North Ave to 28 3/4 Road turn North, first right.
Subdivision Name: N/A
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: 0.5 acres
Style: Vacant Land
Year Built: —
Year Renovated: —
County: Mesa County
APN: 294307478002
Home facts updated by county records on Sep 16, 2026
Around this home
Schools
Orchard Avenue Elementary School
Public PreK-5 • Assigned • 1.4mi
8/10
Bookcliff Middle School
Public 6-8 • Assigned • 0.7mi
2/10
Central High School
Public 9-12 • Assigned • 2.7mi
3/10
Provided by GreatSchools
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
5/10 Heat Factor
7 days above 96° expected this year, 18 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Grand Junction, CO • 81502
Average low and high temperatures (°F)
43
22
55
31
67
40
70
43
80
52
94
63
95
67
93
65
85
58
72
47
55
33
48
27
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
84/ 100
Very good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.8 hrs
5.4 hrs
JuneDecember
Provided by Shadowmap
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