Turnkey Apartment Building with
174 S Mulberry Street Fruita, CO 81521
174 S Mulberry Street, Fruita, CO, 81521
$1,300,000
For Sale
$1,300,000
MULTI_FAMILY - Fruita, CO
Property Size4,908 SF
Lot Size0.29 Acres
Price / SF$264.87
Days on Market47
Property Features for 174 S Mulberry Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 9
- Bathrooms
- 7
- Rooms
- Bathroom 3, Bedroom 9, Bedroom 4, Bedroom 8, Bathroom 7, Bathroom 6, Bedroom 5, Bathroom 1, Bathroom 4, Bedroom 2, Bathroom 2, Bedroom 3, Bathroom 5, Bedroom 6, Bedroom 1, Bedroom 7
- Standard status
- Active
- APN
- 2697-172-23-019
- Size
- 4,908 SF
- Lot size
- 0.29 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 4896
Utilities
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Year built
- 2020
- Number of units
- 7
- Flooring type
- Carpet, Tile, Laminate
- Building materials
- VinylSiding, WoodSiding
- Roof type
- Asphalt, Composition
- Additional Structures
- Outbuilding
Listing Agency
VENTURE GROUP
(970) 892-2200
627 24 1/2 RD UNIT D, GRAND JUNCTION, CO
Listed by
Becca Posner · License #FA100069180
(970) 424-2281
Added: Jun 3 Checked: Jul 19 at 6:06 pm
MLS# 20262637
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.
Investment Insights
Based on property information with market context.
Turnkey for-sale apartment building featuring seven fully operational apartments and suites, completely remodeled from top to bottom in a restored early-1900s structure. Unit finishes include granite countertops and custom tile and marble bathrooms, with distinctive designs intended to support an above-average guest experience. The sale includes all furnishings, and sellers will assist with the transition of systems and processes.
Located in Fruita, Colorado, approximately two blocks from the heart of downtown. The property has established performance on short-term rental platforms such as Airbnb and VRBO, with consistent near year-round occupancy reported. To help stabilize income further, two units have recently been leased to long-term tenants.
The historical NOI is reported to average approximately $115,000 annually. The property also presents an opportunity to convert the third floor into an additional income-producing unit of approximately 800 square feet.
Located in Fruita, Colorado, approximately two blocks from the heart of downtown. The property has established performance on short-term rental platforms such as Airbnb and VRBO, with consistent near year-round occupancy reported. To help stabilize income further, two units have recently been leased to long-term tenants.
The historical NOI is reported to average approximately $115,000 annually. The property also presents an opportunity to convert the third floor into an additional income-producing unit of approximately 800 square feet.
Key Highlights
- Seven fully operational apartments and suites designed for short‑term stays
- Remodeled throughout with granite countertops and custom tile and marble bathrooms in the units
- Near year‑round occupancy history on short‑term rental platforms (Airbnb/VRBO)
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $88.3k | $18.00 |
| − Vacancy | −$6.8k | −$1.40 |
| EGI | $81.5k | $16.61 |
| − OpEx | −$36.7k | −$7.47 |
| NOI | $44.8k | $9.13 |
4,908 SF · lease $18.00/SF/yr · vacancy 7.75% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$640.3K
$560.3K – $747.1K
NOI $44,824 @ 7.0% cap · market cap 3.45%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$9.31M
$8.15M – $10.87M
NOI $651,979 @ 7.0% cap · market cap 50.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Short term rental ...
Similar For Sale Nearby
FAQs
What type of property is this?
Short term rental property - A fully remodeled apartment building with seven operational units and included furnishings for turn-key operations.
Where is this short term rental property located?
The property is located at 174 S Mulberry Street Fruita, CO.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Seven fully operational apartments and suites designed for short‑term stays; Remodeled throughout with granite countertops and custom tile and marble bathrooms in the units; Near year‑round occupancy history on short‑term rental platforms (Airbnb/VRBO)
