About This Home

This 8-bedroom, 4-bathroom multi-family at 558 Garfield Drive in Grand Junction, CO is listed for $635,000 ($166 per sqft). Built in 1981, the home offers 3,824 sqft of living space on a 0.25 acres lot.

Key Features

  • Built in 1981
  • 0.25 acre lot
  • 2 stories

Property Details

2 stories
4 full
1981

Amenities

A/C
Listing 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%.

Monthly Cost Estimate

$3,396/mo

20% down · 6.5% · 30 years

Principal$459
Interest$2,752
Insurance$185

Estimates only. Actual payments may vary.

Location

558 Garfield Drive

Grand Junction, CO 81504

Bookcliff Terra

Property Details

Flooring

LinoleumCarpetVinyl

Construction

Masonite WoodFrame

Outdoor Features

Patio

Heating

Forced AirNatural Gas

Appliances

DishwasherElectricOvenElectricRangeRefrigerator

Questions & Answers

This 8-bedroom, 4-bathroom multi-family at 558 Garfield Drive is listed at $635,000 ($166/sqft). The estimated monthly payment is $3,396 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1981, 0.25 acre lot, 2 stories.

This property is listed by Micah Fritzel.

MF

Micah Fritzel

Agent at ASSOCIATED BROKERS & CONSULTANTS

Listed by ASSOCIATED BROKERS & CONSULTANTS · Broker phone: 970-263-7250 · View on Broker Site

MLS# 20264170· Source: Grand Junction Area Association of Realtors· 70 days on PropertySimple

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.

558 Garfield Drive, Grand Junction, CO 81504

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