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    332 Lake Rd Grand Junction, CO 81507

    Sponsored
    For Sale
    $389,000

    MULTI_FAMILY - Ranch - Grand Junction, CO

    Type:Single Family Residence
    Property size:
    2,622 SF
    Lot size:
    0.38 Acres
    Days on Market:
    12
    Last Refresh:
    Jan 10 at 10:06 am

    Property Features for 332 Lake Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Single Family Residence
    Standard status
    Active
    Rooms
    Bedroom 3, Bathroom 3, Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 2, Bedroom 4
    Bedrooms
    4
    Bathrooms
    3
    APN
    2945-161-17-001
    Parking features
    RV, Guest
    Patio and Porch features
    Patio
    Interior features
    CeilingFans, LaminateCounters, Pantry, WalkInShower, WindowTreatments, ProgrammableThermostat
    Exterior features
    Shed
    Appliances
    Dryer, Dishwasher, ElectricOven, ElectricRange, Microwave, Refrigerator, Washer
    Size
    2,622 SF
    Lot size
    0.38 Acres

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Natural Gas, Baseboard, Forced Air, Hot Water(Heating)
    Cooling system
    Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1964
    Floors in Building
    1
    Number of units
    3
    Flooring type
    Laminate, Tile, Wood, Simulatedwood, Carpet
    Building materials
    VinylSiding, WoodFrame
    Roof type
    Metal
    Architectural style
    Ranch
    Additional Structures
    Shed(s)

    BRAY REAL ESTATE (970) 242-3647

    Listing agent Amanda Hill (970) 250-0083

    Listing date Dec 30, 2025

    MLS# 20255647 Listing URL

    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.

    Overview

    Multi-Unit Investment Opportunity

    This multi-unit property presents a versatile investment opportunity with strong income potential. It features three units, suitable for either owner-occupancy with rental income or full rental investment. The property is located behind a shopping center anchored by a grocery store and is near downtown, the Lunch Loop bike trails, Audubon Nature Preserve, and the Riverfront Trail. The main home includes 2 bedrooms and 1 bathroom, along with a two-car carport. A newly updated studio unit offers 1 bedroom, 1 bathroom, a covered patio, and two covered parking spaces. There is also a separate cottage with 1 bedroom and 1 bathroom. A shared laundry area is equipped with one washer and one dryer for tenant use. All units are currently vacant and available for showings. The property includes two carports and additional parking spaces. Extra storage is available with a small workshop and shed. The property is situated on a 0.38-acre lot. The property offers 2622 square feet of living space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Grand Junction
    County
    Mesa
    State
    Colorado
    Longitude
    -108.596209
    Latitude
    39.070405

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    FAQs

    What type of property is this?
    Triplex - Three units near downtown Grand Junction with income potential.
    Where is this triplex located?
    The property is located at 332 Lake Rd Grand Junction, CO.
    What is the asking price?
    The asking price for this property is $389,000.
    What are key features of this property?
    This property features: - Multi-unit property with three separate units offering versatile investment options.; - Excellent location: Directly behind a grocery store-anchored shopping center and minutes from downtown.; - Newly updated studio unit with 1 bedroom, 1 bathroom, **covered patio, and two covered parking spaces.**
    (970) 250-0083
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    332 Lake Rd Grand Junction, CO 81507
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