Perfect investment property in this fully leased 4-unit property. Property features a multi-unit building with three 3-bedroom, 2-bathroom units in good condition, plus a separate 2-bedroom, 1-bathroom single-family home. Two of the three triplex units have been recently updated. Single-family home was built in 1948 and could be replaced with a larger modern unit for either owner/occupant or a unit with higher income potential. CAP Rate just under 6%. Financial information is available.Triplex photos are from Unit "C".
Sold for $700,000 on 06/20/25
$700,000
2863 Elm Ave, Grand Junction, CO 81501
11beds
7baths
3,890sqft
Quadruplex, Multi Family
Built in 2003
-- sqft lot
$702,900 Zestimate®
$180/sqft
$1,858 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: June 26, 2025 at 02:37pm
Listed by:
BRAY REAL ESTATE
Bought with:
KELLER WILLIAMS COLORADO WEST REALTY
Source: GJARA,MLS#: 20252011
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 11
- Bathrooms: 7
Heating
- Forced Air, Natural Gas
Cooling
- Central Air, Evaporative Cooling
Appliances
- Included: Dryer, Dishwasher, Electric Oven, Electric Range, Disposal, Microwave, Refrigerator, Washer
Features
- Window Treatments
- Flooring: Carpet, Vinyl
- Windows: Window Coverings
Interior area
- Total structure area: 3,890
- Total interior livable area: 3,890 sqft
Property
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Patio & porch: None
- Exterior features: Shed
Lot
- Size: 0.50 Acres
- Dimensions: 72' x 300'
- Features: Landscaped
Details
- Additional structures: Shed(s)
- Parcel number: 294307400030
- Zoning description: RMF
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Ranch,Two Story,Fourplex
- Property subtype: Quadruplex, Multi Family
Materials
- Masonite, Wood Siding, Wood Frame
- Foundation: Slab
- Roof: Asphalt,Composition
Condition
- Year built: 2003
- Major remodel year: 2022
Utilities & green energy
- Sewer: Connected
- Water: Public
Community & neighborhood
Location
- Region: Grand Junction
- Subdivision: Area 12 M&B
Other
Other facts
- Road surface type: Paved
Services availability

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