$650,000
 $3,489 est/mo Sourced by Back At You

558 Garfield Drive,Grand Junction, CO 81504

Grand Junction, CO 81504

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Description

Excellent multifamily investment opportunity with four units and strong potential for increased rental income. Units 1 and 4 have been updated with LVP flooring and fresh paint, while Units 2 and 3 are occupied by long-term tenants, providing stable rental history. With updated units already positioned for the market and potential to increase rents over time, this property offers investors an opportunity for both immediate income and future growth. A great addition to any investment portfolio with upside through thoughtful management and rental-rate adjustments. Current cap rate of 6.5%.

Details

MLS #20264170
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1981
Days On Site18
Listing Provided ByMOUNTAIN VALLEY REAL ESTATE | MICAH FRITZEL

Features

Bed(s)8
Bath(s)4
SQ Feet3,824
BasementY
Story(s)2
Units4
ZoningMulti
Acreage0.25

Exterior

Lot FeaturesLandscaped

Taxes

Tax Annual Amount2391.48

Area Information

StateCO
CountyMesa
CityGrand Junction
Zip Code81504
AreaNE Grand Junction
Community NameBookcliff Terra
Listing VS Median (in Bookcliff Terra)
Price:
$650,000
low | high
Med:
$650,000
50% of Average
sqft:
3,824
low | high
Med:
3,824
50% of Average
$ / sqft:
$170
low | high
Med:
$170
50% of Average
On site:
18
low | high
Med:
18
100% of Average
Sourced by Back At You

Market Activity 81504

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Additional Information

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MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Grand Junction Area REALTOR Association MLS.

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Learn More About This Property

Coldwell Banker Distinctive Properties Sun Valley

Coldwell Banker Distinctive Properties Sun Valley

 (208) 622-3400sunvalleyinfo@cbdistinctive.com
StateCO
CountyMesa
CityGrand Junction
Zip Code81504
AreaNE Grand Junction
Community NameBookcliff Terra
Listing VS Median (in Bookcliff Terra)
Price:
$650,000
low | high
Med:
$650,000
50% of Average
sqft:
3,824
low | high
Med:
3,824
50% of Average
$ / sqft:
$170
low | high
Med:
$170
50% of Average
On site:
18
low | high
Med:
18
100% of Average
Sourced by Back At You
Listing Updated: August 20, 2026 at 10:05:36 AM PDT

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Coldwell Banker Distinctive Properties Sun Valley

120 N 2nd Avenue #101
Ketchum, ID 83340
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Equal housing opportunity. An equal opportunity company. `);
© 2026 Coldwell Banker Distinctive Properties. Equal housing opportunity. An equal opportunity company.

© 2026 Coldwell Banker Distinctive Properties. All Rights Reserved. Coldwell Banker® and the Coldwell Banker Logo are registered service marks owned by Coldwell Banker Real Estate LLC. Coldwell Banker Distinctive Properties fully supports the principles of the Fair Housing Act and Equal Opportunity Act. Each franchise is independently owned and operated. Any services or products provided by independently owned and operated franchises are not provided by, affiliated with or related to Coldwell Banker Real Estate LLC nor any of its affiliated companies.

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Sun Valley Board of REALTORS MLS.

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