4-Unit Residential
585 Roan Creek Road, De Beque, CO 81630
For Sale
$408,000
Residential, De Beque, CO
Property Size4,104 SF
Lot Size0.34 Acres
Price / SF$99.42
Days on Market60
Property Features for 585 Roan Creek Road
General Information
Property type
Property subtype
Zoning description
Bedrooms
Bathrooms
Full bathrooms
Rooms
Patio and Porch features
Subdivision
Elementary school
Middle school
High school
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Heating system
Water source
Amenities
deck
washer/dryer hookups
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Architectural style
Listing Agency:
REAL ESTATE WEST
(970) 243-7100
Listed By:
Edna Davis · License #FA1113225
(970) 250-6081
Added: Sep 8
Changed: Nov 6
Last Checked: Nov 6 at 8:06PM
MLS# 20264512
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.
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Investment Insights
Based on property information with market context.
This four-unit residential property in De Beque contains 4,104 square feet, with each unit measuring more than 1,000 square feet. All four units are vacant. Each has a private deck and washer/dryer hookups, and the property needs some work. The building was constructed in 1981 and sits on a 0.34-acre lot.
Key Highlights
- Four units totaling 4,104 square feet; each unit is over 1,000 square feet
- All four units are vacant
- Private deck and washer/dryer hookups in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,481
Cap Rate
9.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$749,620
$749.6K
Cap Rate 7%
$535,443
$535.4K
Cap Rate 9%
$416,456
$416.5K
Market Conditions
NOI Build-Up for 4,104 SF
Gross rent
$73.9K $18.00/SF
− Vacancy
−$5.7K −$1.40/SF
EGI
$68.1K $16.61/SF
− OpEx
−$30.7K −$7.47/SF
NOI
$37.5K $9.13/SF
Area
Mesa County, CO
Vacancy
7.75%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$749,620
Cap Rate 7%
$535,443
Cap Rate 9%
$416,456
Alternative Uses
Best Use
Multifamily LT 5
$583.1K
$510.2K – $680.3K
NOI $40,817 @ 7.0% cap · market cap 10.00%
Second Best
Apartment 5plus
$535.4K
$468.5K – $624.7K
NOI $37,481 @ 7.0% cap · market cap 9.19%
Theoretical Best
Healthcare Medical
$7.79M
$6.81M – $9.09M
NOI $545,175 @ 7.0% cap · market cap 133.62%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
64
Businesses Nearby
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Business Placement
Demographics for 81630, CO
1,019
Population
437
Households
2.3
Avg Household Size
42
Median Age
19%
College-Educated
91%
High-School Grad
1,256.6 sq mi
ZIP Area
1
Density / Sq Mi
$72,344
Median Household Income
$43,750
Median Earnings
$1,275
Median Rent
$276,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four vacant units include private decks and washer/dryer connections, with interior work needed.
Where is this quadplex located?
The property is located at 585 Roan Creek Road De Beque, CO.
What is the asking price?
The asking price for this property is $408,000.
What are key features of this property?
This property features: Four units totaling 4,104 square feet; each unit is over 1,000 square feet; All four units are vacant; Private deck and washer/dryer hookups in each unit
