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8 Beds
4 Baths
3,824 sqft

$635,000

558 Garfield Drive, Grand Junction CO, 81504

Price per sqft$166.06
Built in1981
Property size3,824 sqft
Property typeMulti-family

Overview

Active

Listed Aug 19, 2026

Updated 45h ago

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%.

$4,225/mo

Est. mortgage payment based on a $635,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
20264170

Interior Features

Bedrooms
8
Bathrooms
4
Fireplace
Yes
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.25 Acres

Other Property Details

Taxes
$2,391
Tax Frequency
Annually
MLS provider logo

Courtesy of MOUNTAIN VALLEY REAL ESTATE, ,
Listing Contact: 970-261-1150 

Based on information from Grand Junction Area REALTORS Association as of 10/10/2026. 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 3:58 AM UTC, 10/10/2026

 

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