Cedaredge Multi-Tenant Residential
285 S Grand Mesa Drive, Cedaredge, CO 81413
New
MULTI_FAMILY - Other - Cedaredge, CO
Property size:
3,245 SFLot size:
0.20 AcresPrice / SF:
$130/SF- Added:
- May 14, 2026
- Days on Market:
- 3
- Last Refresh:
- May 16 at 2:06 pm
Property Features for 285 S Grand Mesa Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bedroom 5, Bedroom 2, Bathroom 3, Bedroom 3, Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 4
- Parking features
- Assigned
- Patio and Porch features
- Deck, Patio
- Interior features
- CeilingFans, GardenTubRomanTub, JettedTub
- Appliances
- Dryer, Dishwasher, ElectricOven, ElectricRange, Disposal, GasOven, GasRange, Microwave, Refrigerator, Washer
- Standard status
- Active
- APN
- 3193-292-00-050
- Size
- 3,245 SF
- Lot size
- 0.20 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 2620
Utilities
- Heating system
- Baseboard
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 2003
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Vinyl, Wood, Carpet, Tile
- Building materials
- Stucco, WoodFrame
- Roof type
- Composition, Asphalt
- Architectural style
- Other
Listing agent Lucinda Stanley License #100029019 (970) 512-3000
Listing office GRAND MESA REAL ESTATE SERVICES 300 STAFFORD LANE STE 30214, DELTA, CO (970) 512-3000
Listing date May 14, 2026
MLS# 20262280
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.
HighLights
- Turnkey, income‑producing property offered at a 6% CAP rate.
- Excellent location in the heart of downtown Cedaredge, within walking distance to shops, restaurants, and amenities.
- Flexible investment property with multiple opportunities: rental income, owner‑occupied with rental income, or multi‑generational living.
- Easily convertible to a triplex with the addition of a studio apartment and stackable washer/dryer.
- Private parking spaces and fenced private yards for tenants.
- Recent upgrades to the apartments enhance comfort and appeal.
Overview
This well-maintained multi-tenant residential property, constructed in 2003, is situated in downtown Cedaredge and is currently fully leased. The property offers flexibility as an investment opportunity to continue generating rental income, live in one unit while renting the others, or accommodate multi-generational living. Configured and rented as a duplex, the property is set up for conversion to a triplex with the addition of a studio apartment and a stackable washer and dryer for the upstairs unit. Recent upgrades enhance comfort and appeal, while private parking spaces and fenced private yards add convenience for tenants. The property is adjacent to a pocket park honoring local Veterans and is within walking distance to downtown shops, restaurants, and amenities. The property is offered at a 6% CAP rate as a turnkey, income-producing property. The lot size is 0.2 acres and the property size is 3245 square feet. Showings are available with a 48-hour notice to tenants.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Cedaredge
- County
- Delta
- State
- Colorado
- Longitude
- -107.9235857
- Latitude
- 38.9030428
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Well-maintained, fully leased property in downtown Cedaredge with investment potential.
Where is this duplex located?
The property is located at 285 S Grand Mesa Drive Cedaredge, CO.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Turnkey, income‑producing property offered at a 6% CAP rate.; Excellent location in the heart of downtown Cedaredge, within walking distance to shops, restaurants, and amenities.; Flexible investment property with multiple opportunities: rental income, owner‑occupied with rental income, or multi‑generational living.
