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540 29 Rd, Grand Junction, CO 81504
About this home
Investment opportunity! Beautiful brick eight unit building convenient to services! Six of the units are leased on annually renewing leases and two of the units have been used by the owners for air b n b purposes. Reach out to schedule your showing for this income producing property today! Gross cap rate over 10%. Seven units are 2 beds, 1 bath. One unit is 1 bed, 1 bath.
Redfin Estimate
Market trends in 81504, CO
Last updated August 2026
Buyer's Market
Seller's Market
Seller's market
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Provided by Redfin
Sale history for 540 29 Rd
$161/sq ft
$161/sq ft
$93/sq ft
$51/sq ft
$46/sq ft
$37/sq ft
$30/sq ft
Tax history for 540 29 Rd
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Property details
Interior
- Virtual Tour
- Heating & Cooling
- Has Cooling
- Cooling: Evaporative Cooling
- Has Heating
- Heating: Baseboard
- Interior Features
- Appliances: Dishwasher, Electric Oven, Electric Range, Refrigerator
- Flooring: Carpet, Laminate
- Room Information
- Has Basement
- Basement Details: Other
Exterior
- Exterior Features
- Exterior Features: None
- Patio And Porch Features: None
- Roof: Asphalt, Composition
- Building Information
- Direction Faces: West
- Sq. Ft.: 5880
- Levels: Two
- # of Stories Total: 2
- Construction Materials: Brick, Other, See Remarks, Wood Siding
- Property Information
- Property Type: Residential Income
- Property Sub Type: Multi Family
- Raw Mls Property Sub Type: MultiFamily
- Current Use: Residential
- Land Information
- Elevation: 4650
- Lot Information
- Lot Features: Corner Lot, Landscaped
- Road Surface Type: Paved
- Road Responsibility: Public Maintained Road
- Road Frontage Type: City Street
- Lot Size Dimensions: 141 x 140
- Lot Size Acres: 0.45
- Zoning Description: RES
Financial
- Tax Information
- Tax Annual Amount: $3,696.54
Utilities
- Utility Information
- Water Source: Public
- Utilities: Sewer Connected
Location
- HOA Information
- Association Amenities: None
- Schools Information
- Elementary School: Nisley
- Middle Or Junior School: Bookcliff
- High School: Central
- Location Information
- Directions: From 29 Road and North Avenue, proceed North on 29 Road. Property is on the Northeast corner of Formay Avenue and 29 Road.
- Subdivision Name: Formay
Public facts
- Beds: 5
- Baths: —
- Sq. Ft.: 5,880
- Stories: 2.0
- Lot Size: 0.44 acres
- Style: Multi-Family (5+ Unit)
- Year Built: 1979
- Year Renovated: 1979
- County: Mesa County
- APN: 294308301019
Around this home
Schools
Public PreK-5 • Assigned • 1.6mi
Public 6-8 • Assigned • 0.3mi
Public 9-12 • Assigned • 2.5mi
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
Minimal risk of a flood reaching the building in the next 30 years
Unlikely to be in a wildfire in next 30 years
7 days above 95° expected this year, 18 days in 30 years
Minimal risk of severe winds over next 30 years
1 unhealthy days expected this year, 1 days in 30 years
Sun exposure
In this area, properties receive around 11.9 hours in June and 5.7 hours in December, placing it above the U.S. average for solar exposure.
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Home values near 540 29 Rd
| Address | Redfin Estimate |
|---|---|
2 Beds | 1 Baths | 1335 Sq. Ft. | $303,399 |
5 Beds | 3 Baths | 2726 Sq. Ft. | $503,745 |
| Address | Redfin Estimate |
|---|---|
2 Beds | 1 Baths | 2086 Sq. Ft. | $372,758 |
2 Beds | 1 Baths | 984 Sq. Ft. | $270,617 |
| Address | Redfin Estimate |
|---|---|
3 Beds | 2 Baths | 1170 Sq. Ft. | $375,796 |
3 Beds | 2 Baths | 1976 Sq. Ft. | $455,582 |
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