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558 Garfield Drive

Grand Junction, CO 81504
  • $650,000
  • STATUS: Active
  • ON SITE: 47 Days
  • MLS #: 20264170
UPDATED: 41 min ago
$650,000
  • 8
    BEDS
  • 0.25
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 3,824
    SQFT
  • $170
    $/SQFT
Neighborhood:
Bookcliff Terra
Type:
Multi-Family
Built:
1981
County:
Mesa
Area:
Ne Grand Junction

School Information

Elementary School:
Fruitvale
Middle School:
Bookcliff
High School:
Central
School Ratings & Info

Description

Excellent multifamily investment opportunity with four units and strong potential for increased rental income. Units 1 and 4 have been updated with LVP flooring and fresh paint, while Units 2 and 3 are occupied by long-term tenants, providing stable rental history. With updated units already positioned for the market and potential to increase rents over time, this property offers investors an opportunity for both immediate income and future growth. A great addition to any investment portfolio with upside through thoughtful management and rental-rate adjustments. Current cap rate of 6.5%.

Monthly Payment Calculator

© 2026 Grand Junction MLS. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Coldwell Banker Distinctive Properties. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Coldwell Banker Distinctive Properties. Data last updated 2026-10-06T23:15:23.55 UTC.

www.westerncoloradodistinctiveproperties.com/homes/180304384
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558 Garfield Drive Grand Junction, CO 81504

  • Price: $650,000
  • Status: Active
  • On Site: 47 Days
  • Updated: 41 min ago
  • MLS #: 20264170
8
Beds
4
Baths
0
½ Baths
0.25
Acres
3,824
SQFT
$170
$/SQFT
1981
Built
Neighborhood:
Bookcliff Terra
County:
Mesa
Area:
Ne Grand Junction
Elementary School:
Fruitvale
Middle School:
Bookcliff
High School:
Central
Property Description
Excellent multifamily investment opportunity with four units and strong potential for increased rental income. Units 1 and 4 have been updated with LVP flooring and fresh paint, while Units 2 and 3 are occupied by long-term tenants, providing stable rental history. With updated units already positioned for the market and potential to increase rents over time, this property offers investors an opportunity for both immediate income and future growth. A great addition to any investment portfolio with upside through thoughtful management and rental-rate adjustments. Current cap rate of 6.5%.
Exterior Features

Architectural Style Two Story Fourplex Construction Materials Masonite Wood Frame Direction Faces North Exterior Features None Levels Two Lot Features Landscaped Lot Size Dimensions 80 x 135 Patio And Porch Features Open Patio Road Frontage Type City Street Road Surface Type Paved Roof Asphalt Composition

Interior Features

Appliances Dishwasher Electric Oven Electric Range Refrigerator Basement Crawl Space Cooling Evaporative Cooling Cooling YN Yes Fireplace Features Other See Remarks Flooring Carpet Linoleum Luxury Vinyl Luxury Vinyl Plank Foundation Details Stem Wall Heating Forced Air Natural Gas Heating YN Yes Interior Features None Laundry Features Washer Hookup Dryer Hookup

Property Features

Accessibility Features None Association Amenities None Association Fee Includes None Association YN No Current Use Residential Single Family Elevation 4655 Land Lease YN No Property Sub Type Quadruplex Sewer Connected Tax Annual Amount 2391.48 Tax Year 2026 Water Source Public Year Built Effective 2025 Zoning Description Multi

Listing courtesy of Micah Fritzel of MOUNTAIN VALLEY REAL ESTATE: 970-263-7250.
© 2026 Grand Junction MLS. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Coldwell Banker Distinctive Properties. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Coldwell Banker Distinctive Properties. Data last updated 2026-10-06T23:15:23.55 UTC.

 
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Coldwell Banker Distinctive Properties
131 N 6th Street, Suite 200
Grand Junction CO, 81501