Duplex with Conversion
For Sale
$412,500
285 S Grand Mesa Dr, Cedaredge, CO 81413
Fully leased residential property with private parking and fenced yards near downtown shops and restaurants.
Property Size3,245 SF
Price / SF$127.12
Days on Market67
Property Features for 285 S Grand Mesa Dr
General Information
Standard status
Active
Size
3,245 SF
Property subtype
Multi-Family
Building Details
Year Built
2003
Listing Agency:
Grand Mesa Real Estate Services
(970) 201-2152
Listed By:
Lucinda Stanley · License #5643
Source:
Mountainmeadowrealestate
Added: Jun 26
Changed: Aug 29
Last Checked: Aug 30 at 6:00PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Grand Mesa Real Estate Services
Investment Insights
Based on property information with market context.
This 3,245-square-foot duplex, constructed in 2003, is fully leased and includes recent apartment upgrades, private parking spaces, and fenced private yards. The existing layout can be expanded to a triplex through the addition of a studio apartment and a stackable washer and dryer for the upstairs unit.
The property is located at 285 S Grand Mesa Dr in Cedaredge, adjacent to a pocket park honoring local Veterans. Downtown shops, restaurants, and other amenities are within walking distance. The property is offered at a 6% cap rate, and showings require 48 hours’ notice to tenants through the Broker.
The property is located at 285 S Grand Mesa Dr in Cedaredge, adjacent to a pocket park honoring local Veterans. Downtown shops, restaurants, and other amenities are within walking distance. The property is offered at a 6% cap rate, and showings require 48 hours’ notice to tenants through the Broker.
Key Highlights
- 3,245‑square‑foot duplex built in 2003
- Fully leased residential income property
- Conversion plan supports adding a studio apartment for triplex configuration
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
245
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Fully leased residential property with private parking and fenced yards near downtown shops and restaurants.
Where is this duplex located?
The property is located at 285 S Grand Mesa Dr Cedaredge, CO.
What is the asking price?
The asking price for this property is $412,500.
What are key features of this property?
This property features: 3,245‑square‑foot duplex built in 2003; Fully leased residential income property; Conversion plan supports adding a studio apartment for triplex configuration
