Six-Unit Apartment
626 N 7th Street Grand Junction, CO 81501
New
626 N 7th Street, Grand Junction, CO, 81501
$850,000
For Sale
$850,000
MULTI_FAMILY - Other - Grand Junction, CO
Property Size4,261 SF
Lot Size0.24 Acres
Price / SF$199.48
Days on Market1
Property Features for 626 N 7th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 7
- Bathrooms
- 6
- Rooms
- Bathroom 1, Bathroom 2, Bedroom 5, Bedroom 2, Bathroom 4, Bathroom 5, Bedroom 3, Bathroom 6, Basement, Bedroom 1, Bathroom 3, Bedroom 4, Bedroom 6, Bedroom 7
- Parking features
- Driveway, Guest
- Patio and Porch features
- Deck
- Interior features
- CeilingFans
- Appliances
- ElectricOven, ElectricRange, Refrigerator
- Standard status
- Active
- APN
- 2945-141-26-002
- Size
- 4,261 SF
- Lot size
- 0.24 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 3316
Utilities
- Heating system
- Forced Air, Baseboard
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 6
- Flooring type
- Vinyl, Carpet
- Building materials
- WoodSiding, WoodFrame
- Roof type
- Asphalt, Composition
- Architectural style
- Other
Listing Agency
CENTURY 21 ELEVATED REAL ESTATE
(970) 718-9009
330 GRAND AVENUE, GRAND JUNCTION, CO
Listed by
Chanel Crumbaugh
(970) 640-7404
Added: Jul 16 Checked: Jul 16 at 9:06 pm
MLS# 20263486
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.
This multi-unit apartment building includes six apartments, with two dorm-style units that share a bath. All units are currently rented on a month-to-month basis. The property also has documented mechanical updates, including a newer furnace, updated hot water, and a new septic line.
The building is located at 626 N 7th Street in Grand Junction, Colorado, and offers plentiful on-site parking, a practical convenience for tenants.
For showings, at least 48 hours’ notice is required. No showings will be approved until August 1st.
The building is located at 626 N 7th Street in Grand Junction, Colorado, and offers plentiful on-site parking, a practical convenience for tenants.
For showings, at least 48 hours’ notice is required. No showings will be approved until August 1st.
Key Highlights
- Multi‑unit building with six apartments, including two dorm‑style units with a shared bath
- All units currently rented month to month, with a consistent rental history reported
- Mechanical updates include a newer furnace, updated hot water, and a new septic line
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 | $76.7k | $18.00 |
| − Vacancy | −$5.9k | −$1.40 |
| EGI | $70.8k | $16.61 |
| − OpEx | −$31.8k | −$7.47 |
| NOI | $38.9k | $9.13 |
4,261 SF · lease $18.00/SF/yr · vacancy 7.75% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$555.9K
$486.4K – $648.6K
NOI $38,915 @ 7.0% cap · market cap 4.58%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$8.09M
$7.08M – $9.43M
NOI $566,031 @ 7.0% cap · market cap 66.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Six apartments with two dorm-style units and all units rented month to month, plus recent mechanical updates.
Where is this apartment building located?
The property is located at 626 N 7th Street Grand Junction, CO.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Multi‑unit building with six apartments, including two dorm‑style units with a shared bath; All units currently rented month to month, with a consistent rental history reported; Mechanical updates include a newer furnace, updated hot water, and a new septic line
