Property photo 1
Property photo 2
14 Beds
14 Baths
5,544 sqft

$1,800,000

1231 N 23rd Street, Grand Junction CO, 81501

Price per sqft$324.68
Built in1977
Property size5,544 sqft
Property typeMulti-family

Overview

Sold

Closed

Listed Sep 20, 2024

Updated Jun 12

100% OCCUPIED! This recently renovated 14-unit apartment complex is an excellent investment opportunity, featuring 14 brand-new studio apartments. Formerly an office complex, the building has been fully converted into high-quality residential units designed for modern, comfortable living. Each unit is currently leased at $1,100 per month, with tenants responsible for their own electricity. Projected to perform at a 7 CAP. The building is highly energy-efficient, with most systems powered by electricity, including brand-new mini-split HVAC systems installed throughout each unit. Solar panels help offset overall energy costs, making it even more efficient. A shared laundry room is available for tenant convenience, and the low-maintenance exterior ensures easy upkeep. The property also comes with a one-year warranty on all recent construction, offering added peace of mind for new ownership. This turn-key complex presents an ideal opportunity for investors seeking a modern, energy-efficient property with stable rental income. Call today to schedule a showing! Terms deemed reliable but not guaranteed, terms subject to change without notice.

Additional information

MLS® ID
20244313

Interior Features

Bedrooms
14
Bathrooms
14
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.23 Acres

Other Property Details

Taxes
$643
Tax Frequency
Annually
MLS provider logo

Courtesy of CENTURY 21 CAPROCK REAL ESTATE, ,
Listing Contact: 970-615-0201 

Based on information from Grand Junction Area REALTORS Association as of 6/12/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing.  Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

©2026 Grand Junction Area REALTORS Association. . All rights reserved.

Data last updated 4:15 PM UTC, 6/12/2026

 

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