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Pending
    • Price cut: $320K (1/26)
    $5,580,000

    516-28 3/4 Rd, Grand Junction, CO 81501

    28beds
    28baths
    20,888sqft
    : 
    Multi Family, Apartment
    Built in 2025
    -- sqft lot
    $5,303,600 Zestimate®
    $267/sqft
    $295/mo HOA

    What's special

    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 512 (31 units $5,460,000) and 514 (24 units $4,740,000) for a total of $15,780,000 This property includes 28 modern 1 bedroom /1-bath apartments, all with stackable washer/dryers. 8 Units are fully furnished. * 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!
    199 days
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    125
    |
    4
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    Zillow last checked: 7 hours ago

    Listing updated: April 02, 2026 at 09:10am

    Listed by:

    STACEY COOK 970-250-4663,

    COOK REAL ESTATE & DEVELOPMENT,

    DEB COOK 970-424-2227,

    COOK REAL ESTATE & DEVELOPMENT

    Source: GJARA,MLS#: 20254556

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 28
      • Bathrooms: 28
      Heating
      • Electric
      Cooling
      • Central Air, Window Unit(s)
      Appliances
      • Included: Dryer, Electric Oven, Electric Range, Refrigerator, Washer
      Features
      • None
      • Flooring: Carpet, Laminate
      • Basement: None
      • Has fireplace: No
      Interior area
      • Total structure area: 20,888
      • Total interior livable area: 20,888 sqft

      Property

      Accessibility
      • Accessibility features: Grab Bars, See Remarks
      Features
      • Levels: Two
      • Stories: 2
      • Patio & porch: None
      • Exterior features: None, Sprinkler/Irrigation
      Lot
      • Size: 0.62 Acres
      • Features: Irregular Lot, Landscaped, Sprinkler System
      Details
      • Parcel number: 294307476010
      • 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: None
      • HOA fee: $3,542 annually
      Location
      • Region: Grand Junction
      • Elevation: 4800

      Financial & listing details

      • Price per square foot: $267/sqft
      • Tax assessed value: $2,976,000
      • Annual tax amount: $11,796
      • Date on market: 9/5/2025
      Get pre-qualifiedBe ready to make an offer.
      Connect with an agentGet info on this home, tour, and more.
      Calculate monthly paymentSee if you can afford this home.

        Estimated market value

        $5,303,600

        $5.04M - $5.57M

        $1,522/mo

        Price history

        Price history
        DateEventPrice
        4/2/2026Pending sale$5,580,000$267/sqft
        Source: GJARA #20254556 Report a problem
        1/26/2026Price change$5,580,000-5.4%$267/sqft
        Source: GJARA #20254556 Report a problem
        11/14/2025Price change$5,900,000-6.5%$282/sqft
        Source: GJARA #20254556 Report a problem
        9/17/2025Listed for sale$6,311,100$302/sqft
        Source: GJARA #20254556 Report a problem

        Public tax history

        Public tax history
        YearProperty taxesTax assessment
        2025$13,181 +38%$209,810 +9.4%
        2024$9,554 +291.4%$191,810 +36.1%
        2023$2,441 +172.1%$140,900 +316.1%
        2022$897 -47%$33,860 +165.4%
        2021$1,694 $12,760 -48.2%
        2020$1,694 -32.8%$24,650 -52.5%
        2019$2,519 $51,870 +46.7%
        2018$2,519 +19.3%$35,360
        2017$2,112 $35,360 +5.9%
        2016$2,112 -1.3%$33,400
        2015$2,139 $33,400

        Find assessor info on the county website

        BuyAbility℠ payment

        Est. payment
        $29,582/mo
        Principal & interest
        $27381
        Property taxes
        $1906
        HOA Fees
        $295
        More affordability tools

          Climate risks

          Neighborhood: 81501

          Getting around

          72 / 100
          Very Walkable
          26 / 100
          Some Transit
          69 / 100
          Bikeable

          Nearby schools

          GreatSchools rating
          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.

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