# 501 Independent Avenue, Grand Junction, CO 81505

> **TL;DR:** 33bd/23ba multi-family, $2,900,000 ($168/sqft), built 2001, 17,259 sqft.
> A/C. Est. $12,567/mo. Listed 28 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $2,900,000 |
| Price/sqft | $168 |
| Bedrooms | 33 |
| Bathrooms | 23 full |
| Square Feet | 17,259 |
| Year Built | 2001 |
| Lot Size | 6,970 sqft (0.16 acres) |
| Stories | 2 |
| Property Type | Multi-Family (Apartment) |
| Status | For Sale |
| Days on Market | 28 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $12,567 |
| **Total** | **$12,567** |

## Nearby Schools

- **Elementary:** Pomona
- **Middle:** West
- **High:** Grand Junction

## Key Amenities

- A/C

## Property Highlights

- Built in 2001
- 0.16 acre lot
- 2 stories

## Description

### Agent Description
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. For Owner financing options please contact Listing Agent. All information deemed reliable, buyer to verify.

## Location

- **Address:** 501 Independent Avenue, Grand Junction, CO 81505
- **County:** Mesa
- **Neighborhood:** Area 15 Merchand
- **Coordinates:** 39.080758, -108.575791
- **Google Maps:** https://www.google.com/maps?q=39.080758,-108.575791

## Listing Agent

- **Name:** Brandon Palmer
- **Brokerage:** RE/MAX 4000, INC
- **Phone:** 9707126868
- **Email:** brandonpalmerrealestate@gmail.com

## Primary Photo

![501 Independent Avenue - Primary Photo](http://lh.rdcpix.com/830c27bb76f78da0df5eb76dcae6b18dl-f2472999694r.jpg)

*27 total photos available on [listing page](https://www.propertysimple.com/listing/501-independent-avenue-grand-junction-co-81505-20262136)*

---

**MLS#:** 20262136 | **Updated:** 2026-06-19
**Source:** listhub

*Copyright © 2026 Grand Junction Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/501-independent-avenue-grand-junction-co-81505-20262136)

---

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