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Renovated Apartment Building
For Sale
$1,190,000

210 NW 5th Street, Cedaredge, CO 81413

Residential, Cedaredge, CO

Property Size3,416 SF
Lot Size0.25 Acres
Price / SF$348.36
Days on Market22

Property Features for 210 NW 5th Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning description Multi Family Residential
Bedrooms 10
Bathrooms 8
Full bathrooms 8
Rooms Bedroom 3, Bedroom 6, Bathroom 8, Bedroom 5, Bathroom 1, Bedroom 10, Bathroom 6, Bathroom 5, Bathroom 7, Bathroom 4, Bedroom 8, Bedroom 7, Bathroom 2, Bedroom 4, Bedroom 9, Bathroom 3, Bedroom 2, Bedroom 1
Patio and Porch features Deck
Appliances Dishwasher, Refrigerator
Subdivision Hogrefe and Wilson
Lot features Corner Lot
Elementary school Delta
Middle school Delta
High school Delta
Directions In Cedaredge, from intersection of W Main St and N Grand Mesa Dr, head west on W Main St. Drive a few blocks, turn right on NW 5th St. Drive 2 blocks, and property will be on your left, just north of NW Aspen Ave.
Standard status Active
APN R002695
Size 3,416 SF
Lot size 0.25 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 3333

Utilities

Heating system Baseboard
Water source Public

Amenities

shared laundry room
private off-street parking

Building Details

Year built 1947
Floors in Building 2
Number of units 7
Flooring type Simulatedwood, Linoleum, Carpet, Laminate
Building materials WoodSiding, WoodFrame
Roof type Metal
Architectural style Other
Listing Agency: THE RESOURCE GROUP, LLC
Listed By: Denice Niethammer
Added: Sep 3 Changed: Sep 24 Last Checked: Sep 24 at 4:06PM
MLS# 20264444

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.

This 3,416-square-foot apartment building contains seven units: six one-bedroom, one-bath residences and one four-bedroom, two-bath residence. Each unit has been renovated, and the property includes a shared laundry room. Recent exterior improvements include a new metal roof and exterior paint. Interior features include baseboard heating, a mix of simulated wood, carpet, linoleum, and laminate flooring, plus dishwashers and refrigerators.

Constructed in 1947 on a 0.25-acre lot at 210 NW 5th Street in Cedaredge, Colorado, the property has public water service, a deck, and private off-street parking. The building is producing income and offers a compact multifamily configuration with a broad mix of unit sizes.

Key Highlights

  • Seven‑unit apartment building with six 1‑bed/1‑bath units and one 4‑bed/2‑bath unit
  • 3,416 square feet on a 0.25‑acre lot
  • All units newly renovated with shared laundry room

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm HVAC Service Hair Salon Big Box & Wholesale Store Grocery & Convenience Store Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

7
Residential units

Location Intelligence

Trade Area within ½ mile

245
Businesses Nearby

Demographics for 81413, CO

5,271
Population
3,047
Households
1.7
Avg Household Size
59
Median Age
34%
College-Educated
93%
High-School Grad
153.5 sq mi
ZIP Area
34
Density / Sq Mi
$56,458
Median Household Income
$39,871
Median Earnings
$1,148
Median Rent
$329,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Income-producing multifamily property with varied unit layouts, shared laundry, and private off-street parking.
Where is this apartment building located?
The property is located at 210 NW 5th Street Cedaredge, CO.
What is the asking price?
The asking price for this property is $1,190,000.
What are key features of this property?
This property features: Seven‑unit apartment building with six 1‑bed/1‑bath units and one 4‑bed/2‑bath unit; 3,416 square feet on a 0.25‑acre lot; All units newly renovated with shared laundry room
More about this property
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