Grand Junction, CO 81505 501 Independent Avenue
$2,900,000
22 more
Presented By: RE/MAX 4000, INC
- MLS# 20262136
- 05/04/2026
Disclaimer: The information contained in this listing has not been verified by LoKation® Real Estate and should be verified by the buyer.
Beds • 33
Baths • 23
SQFT • 17,259
Home Details
Rare investment opportunity. This apartment complex is centrally located with 12 units (nine 3bed/2bath and three 2bed/2bath units) all with attached garage spaces. This complex boasts several upsides including new siding, roofing, stairs, fire sprinkler systems and improved insulation. Very low maintenance and almost ZERO vacancy. Rents are going up through attrition and units are typically rented prior to changing from one tenant to another. This property also has potential to add another 4 plex with excellent views. All units have washer/dryer hookups and long term projected maintenance expense is very low. All units include an electric range oven, refrigerator and dishwasher. NOI expected to increase by $8k-$9k in 2027. All information deemed reliable, buyer to verify.
Presented By: RE/MAX 4000, INC
Interior Features for 501 Independent Avenue
Bedrooms
Total Bedrooms33
Bathrooms
Total Baths23
Other Interior Features
Air Conditioning Y/NYes
Fireplace Y/NNo
FlooringCarpet
Heating Y/NYes
Interior AmenitiesNone, WindowTreatments
Laundry FeaturesWasherHookup, DryerHookup
Window FeaturesWindowCoverings
General for 501 Independent Avenue
AccessibilityNone
AppliancesDishwasher, ElectricOven, ElectricRange
Architectural StyleTwoStory
Association AmenitiesNone
Association Fee IncludesNone
CityGrand Junction
Construction MaterialsWoodSiding, WoodFrame
CoolingEvaporativeCooling
CountyMesa
Current UseResidential, SingleFamily
DirectionsFrom 1st Street and North Avenue head West on Independent Avenue to property.
Elementary SchoolPomona
Elevation4593
Facing DirectionNorth
Green Water ConservationWaterSmartLandscaping
HOANo
HeatingBaseboard, HotWater, NaturalGas
High SchoolGrand Junction
Land Lease Y/NNo
LevelsTwo
MLS AreaGrand Junction City
Middle/Junior High SchoolWest
ModificationTimestamp2026-05-15T14:29:00.527-00:00
Number Of Units Total12
Patio/Porch FeaturesCovered, Deck
PostalCityGrand Junction
Property Sub Type AdditionalApartment, MultiFamily
Property SubtypeApartment
Property TypeResidential
RoofAsphalt, Composition
SewerConnected
Standard StatusActive
StatusActive
Stories Count2
Subdivision NameArea 15 Merchand
Tax Annual Amount7513.12
Tax Year2025
Year Built2001
Zoning DescriptionRH-16
Exterior for 501 Independent Avenue
Building Area Total17259
Exterior AmenitiesNone
Foundation DetailsSlab
Lot DimensionsIrregular
Lot FeaturesXeriscape
Lot Size Acres0.16
Lot Size SourceAssessor
Road Frontage TypeCityStreet
Road Surface TypePaved
Water SourcePublic
Additional Details
Price History
Schools
Middle School
West Middle School
Elementary School
Pomona Elementary School
Chuck Roland
Realtor
