516 28 3/4 Rd

Grand Junction, CO 81501

$16,700,000
Price
83
Beds
83
Baths
55,392 Sq. Ft.
$301 / Sq. Ft.
55,392
Sq. Ft.
$301
per Sq. Ft.
an aerial view of residential houses with outdoor space and ocean view
a view of a street with cars
an aerial view of a house
an aerial view of a house with a yard
a view of a terrace with a garden
an aerial view of a house with a yard
a kitchen with cabinets stainless steel appliances and a window
a kitchen with granite countertop a refrigerator stove and microwave
a kitchen with white cabinets sink and stainless steel appliances
a utility room with dryer and washer
a bedroom with a bed and a table
a bathroom with a granite countertop sink a toilet and shower
a bedroom with a bed and wooden floor
a bathroom with a granite countertop sink toilet and shower
a bed sitting in a bedroom next to a window
a view of kitchen with stainless steel appliances with wooden floor
a bedroom with a bed and a window
a living room with furniture and a wooden floor
a living room with furniture and a table
a view of entryway
a utility room with dryer and washer
a utility room with dryer and washer
a bathroom with a double vanity sink and mirror

Description

Incredible Investment Opportunity – 83 New Units! Completed in 2025, Three free-standing apartment buildings with 83 premium units at 28 3/4 rd. and North Ave. They can be purchased individually or as a package with 512 (31 units $5,800,000), 514 (24 units $5,000,000) and 516 (28 units $5,900,000) for $16,700,000 This property includes 60 modern apartments plus 23 fully furnished apartments. Fully leased with excellent tenants Prime central location at 28 3/4 Rd. & North Ave. —steps from Walmart,...Incredible Investment Opportunity – 83 New Units! Completed in 2025, Three free-standing apartment buildings with 83 premium units at 28 3/4 rd. and North Ave. They can be purchased individually or as a package with 512 (31 units $5,800,000), 514 (24 units $5,000,000) and 516 (28 units $5,900,000) for $16,700,000 This property includes 60 modern apartments plus 23 fully furnished apartments. Fully leased with excellent tenants Prime central location at 28 3/4 Rd. & North Ave. —steps from Walmart, Texas Roadhouse, Del Taco & more High-quality new construction by Grand Junction Real Estate Investments Strong, stable income stream with optional on-site management available This is a rare chance to secure a premier, turn-key multifamily investment in one of Grand Junction’s fastest-growing and most in-demand corridors. Call today to learn more—opportunities like this don’t come around often!
  1. Listed by STACEY COOK • COOK REAL ESTATE & DEVELOPMENT
    P: (970)-250-4663 stacey@cookrealestate.org
  2. Listed by DEB COOK • COOK REAL ESTATE & DEVELOPMENT
    P: (970)-424-2227 deb@cookrealestate.org

Property Details for 516 28 3/4 Road

Subdivision Name
N/A
Architectural Style
Two Story
LISTING UPDATED: 11/14/2025 10:08 AM

Property Details for 516 28 3/4 Road

StatusActive
MLS #20254559
Days on Market106
Taxes$39,445 / year
HOA Fees$10,627 / year
Condo/Co-op Fees-
Compass TypeCondo
MLS TypeResidential / Apartment
Year Built2025
CountyMesa County

Location

Listing Courtesy of COOK REAL ESTATE & DEVELOPMENT, STACEY COOK; COOK REAL ESTATE & DEVELOPMENT, DEB COOK
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Building Information for 516 28 3/4 Road

Building/Complex516 28 3/4 RdFloor-Stories2Residences83Pet Policy-Pet Policy Details-Year Built2025

Payment Calculator

$86,693 per month

30 year fixed, 6.28% Interest

Principal and Interest

$82,521

Property Taxes

$3,287

HOA Dues

$886

The Payment Calculator is for illustrative purposes only.

Property Information for 516 28 3/4 Road

Summary
Location and General Information
  • Accessibility Features: None
  • Direction Faces: South
  • Directions: North Ave to 28 3/4 Road turn North, first right.
  • Elementary School: Nisley
  • High School: Central
  • Middle Or Junior School: Bookcliff
  • Elevation: 4800
  • Road Frontage Type: City Street
  • Zoning Description: MU-2
Taxes and HOA Information
  • Association Amenities: None
  • Association Fee: $10,627.00
  • Association Fee Frequency: Annually
  • Association Fee Includes: Common Area Maintenance
  • Tax Year: 2025
Property
Lot Information
  • Current Use: Multi Family
  • Lot Features: Irregular Lot, Landscaped
  • Lot Size Dimensions: Irregular
  • Lot Size Source: Assessor
  • Parcel Number: 2943-074-78-001
Property and Assessments
  • Construction Materials: Stucco, Wood Siding, Wood Frame
  • Number Of Units Total: 83
  • Stories: 2
Utilities
  • Cooling: Central Air, Window Units
  • Cooling: Yes
  • Heating: Baseboard, Electric
  • Heating: Yes
  • Sewer: Connected
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Exterior Features: None
  • Patio And Porch Features: None
  • Roof: Asphalt, Composition
Interior Features
  • Appliances: Dryer, Dishwasher, Electric Oven, Electric Range, Disposal, Microwave, Other, Refrigerator, Range Hood, See Remarks, Washer
  • Basement: None
  • Fireplace: No
  • Flooring: Carpet, Laminate
  • Interior Features: None
  • Laundry Features: Dryer Hookup
  • Levels: Two
Rental Information
Rent Information
  • Land Lease: No

Property History for 516 28 3/4 Road

DateEvent & SourcePriceAppreciation
Feb 4, 2011

Sold (Public Record)

Public Record #304163905

$200,000—
Jan 27, 2011

Sold (Public Record)

Public Record #303878944

$192,000

-85.9% / yr

Oct 21, 2010

Sold (Public Record)

Public Record #302831633

$324,800—
DateEvent & SourcePrice
02/04/2011

Sold (Public Record)

Public Record #304163905

$200,000
01/27/2011

Sold (Public Record)

Public Record #303878944

$192,000

-85.9% / yr

10/21/2010

Sold (Public Record)

Public Record #302831633

$324,800

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 516 28 3/4 Road

Taxable ValueLand$13,140Additions$172,170Total$185,310
Tax Record2024$13,181 ($1,098 / month)
Home Facts
Total Finished SqFt5,908 SqFtAbove Grade Finished SqFt5,908 SqFtStories2StyleMulti-Family Res (5+ Units)Year Built2020ZoningC-1CountyMESAAPN2943-074-76-010

Schools near 516 28 3/4 Road

This home is within Mesa County Valley 51 School District.
Rating
School
Type
Grades
Distance
Nisley Elementary School
Public - PK to 5
Bookcliff Middle School
Public - 6 to 8
Central High School
Public - 9 to 12
R-5 High School
Public - 9 to 12
Rating
School
Distance
Nisley Elementary School
PublicPK to 5

Bookcliff Middle School
Public6 to 8

Central High School
Public9 to 12

R-5 High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 516 28 3/4 Road, Grand Junction, CO 81501

516 28 3/4 Road is a condo for sale in Grand Junction, CO 81501. This property was listed for sale on September 5, 2025 by COOK REAL ESTATE & DEVELOPMENT, it's currently listed at $16,700,000. It has been on the market for a total of 106 days and was last sold on February 4, 2011. This listing's school district is Mesa County Valley 51 School District. Nearby schools include Nisley Elementary School, Bookcliff Middle School and Central High School. 516 28 3/4 Road is a 83-bed, 83-bath, 55,392 sqft condo built in 2025.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of COOK REAL ESTATE & DEVELOPMENT, STACEY COOK; COOK REAL ESTATE & DEVELOPMENT, DEB COOK

Based on information from one of the following Multiple Listing Services: CRENMLS, Telluride Association of REALTORS, Grand Junction Area REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRENMLS, Telluride Association of REALTORS, Grand Junction Area REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.