558 Garfield Drive, Grand Junction, CO 81504

Grand Junction
Local realty services provided by:ERA New Age
558 Garfield Drive,Grand Junction, CO 81504
$635,000
  • 8 Beds
  • 4 Baths
  • 3,824 sq. ft.
  • Multi-family
  • Active
Listed by: micah fritzel, micah fritzel
Office: mountain valley real estate
MLS#:20264170
Source:CO_GJARA

Price summary

  • Price:$635,000
  • Price per sq. ft.:$166.06

About this home

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%.

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Home facts

  • Year built:1981
  • Subdivision & Development:Bookcliff Terra
  • Listing ID #:20264170
  • Added:51 day(s) ago
  • Updated:October 09, 2026 at 11:43 PM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:4
  • Full bathrooms:4
  • Flooring:Carpet, Linoleum, Luxury Vinyl Plank
  • Kitchen Description:Dishwasher, Electric Oven, Electric Range, Refrigerator
  • Basement:Yes
  • Basement Description:Crawl Space
  • Living area:3,824 sq. ft.

Heating and cooling

  • Cooling:Evaporative Cooling
  • Heating:Forced Air, Natural Gas

Structure and exterior

  • Roof:Asphalt, Composition
  • Year built:1981
  • Building area:3,824 sq. ft.
  • Lot area:0.25 Acres
  • Lot Features:Landscaped
  • Construction Materials:Masonite, Wood Frame
  • Foundation Description:Stem Wall
  • Levels:2 Story

Schools

  • High school:Central
  • Middle school:Bookcliff
  • Elementary school:Fruitvale

Utilities

  • Water:Public
  • Sewer:Connected

Finances and disclosures

  • Price:$635,000
  • Price per sq. ft.:$166.06
  • Tax amount:$2,391 (2026)

Features and amenities

  • Appliances:Dishwasher, Electric Oven, Electric Range, Refrigerator
  • Laundry features:Dryer Hookup, Washer Hookup

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