Incredible Investment Opportunity – Brand New Construction! Completed in 2025, this free-standing apartment building is part of a premium 83-unit community at 28 3/4 rd. and North Ave. It can be purchased individually or packaged with 514 (24 units $4,740,,000) and 516 (28 units $5,580,000) for $15,780,000 This property includes 23 modern studio/1-bath apartments plus 8 fully furnished studio/1-bath units, all with access to a convenient coin-operated laundry facility. * 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!
For sale
Price cut: $340K (1/26)
$5,460,000
512-28 3/4 Rd, Grand Junction, CO 81501
31beds
31baths
16,600sqft
Est.:
Multi Family, Apartment
Built in 2025
-- sqft lot
$5,230,400 Zestimate®
$329/sqft
$295/mo HOA
What's special
- 186 days |
- 81 |
- 2 |
Zillow last checked: 7 hours ago
Listing updated: January 26, 2026 at 09:53am
Listed by:
STACEY COOK 970-250-4663,
COOK REAL ESTATE & DEVELOPMENT,
DEB COOK 970-424-2227,
COOK REAL ESTATE & DEVELOPMENT
Source: GJARA,MLS#: 20254543
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 31
- Bathrooms: 31
Heating
- Forced Air
Cooling
- Central Air, Window Unit(s)
Appliances
- Included: Electric Oven, Electric Range, Disposal, Microwave, Refrigerator, High Efficiency Water Heater
Features
- Ceiling Fan(s), Grab Bars in Shower or Tub, Grab Bars Around Toilet
- Flooring: Carpet, Laminate
- Basement: Finished
Interior area
- Total structure area: 16,600
- Total interior livable area: 16,600 sqft
Property
Parking
- Parking features: Guest
Accessibility
- Accessibility features: Grab Bars, Accessible Approach with Ramp, Accessible Doors, Accessible Hallway(s)
Features
- Levels: Two
- Stories: 2
- Patio & porch: None
- Exterior features: None
Lot
- Size: 0.5 Acres
- Dimensions: 125 x 170
- Features: Sprinklers In Rear, Sprinklers In Front, Landscaped
Details
- Parcel number: 294307478002
- Zoning description: MU-2
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Two Story
- Property subtype: Multi Family, Apartment
- Attached to another structure: Yes
Materials
- Stucco, Wood Siding, Wood Frame
- Roof: Asphalt,Composition
Condition
- Year built: 2025
Utilities & green energy
- Sewer: Connected
- Water: Public
Community & HOA
HOA
- Has HOA: Yes
- Amenities included: Laundry
- Services included: Common Area Maintenance, Insurance, Maintenance Structure, Sewer, Snow Removal, Taxes, Trash, Water
- HOA fee: $3,542 annually
Location
- Region: Grand Junction
- Elevation: 4800
Financial & listing details
- Price per square foot: $329/sqft
- Tax assessed value: $220,000
- Annual tax amount: $13,200
- Date on market: 9/5/2025
- Road surface type: Paved
Estimated market value
$5,230,400
$4.97M - $5.49M
$1,530/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 1/26/2026 | Price change | $5,460,000-5.9%$329/sqft |
Source: GJARA #20254543 Report a problem | ||
| 11/14/2025 | Price change | $5,800,000+8.3%$349/sqft |
Source: GJARA #20254543 Report a problem | ||
| 9/17/2025 | Listed for sale | $5,356,900$323/sqft |
Source: GJARA #20254543 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,985 +0.6% | $59,400 +104.8% |
| 2024 | $1,973 +57.3% | $29,000 |
| 2023 | $1,254 +2.5% | $29,000 +66.7% |
| 2022 | $1,223 -27.8% | $17,400 |
| 2021 | $1,694 | $17,400 -29.4% |
| 2020 | $1,694 +8.1% | $24,650 -75% |
| 2019 | $1,567 | $98,680 +348.7% |
| 2018 | $1,567 -7.7% | $21,990 |
| 2017 | $1,697 | $21,990 -18.1% |
| 2016 | $1,697 -1.3% | $26,840 |
| 2015 | $1,719 | $26,840 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$29,055/mo
Principal & interest
$26895
Property taxes
$1865
HOA Fees
$295
More affordability tools
Climate risks
Neighborhood: 81501
Nearby schools
GreatSchools rating
- 2/10Nisley Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 3/10Bookcliff Middle SchoolGrades: 6-8Distance: 0.7 mi
- 4/10Central High SchoolGrades: 9-12Distance: 2.6 mi
Schools provided by the listing agent
- Elementary: Nisley
- Middle: Bookcliff
- High: Central
Source: GJARA. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Local experts in 81501
- Colorado
- Mesa County
- Grand Junction
- 81501
- 512-28 3/4 Rd
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