332 Lake Rd Grand Junction, CO 81507
Redlands NeighborhoodEstimated payment $2,148/month
Highlights
- RV Access or Parking
- Adjacent to Greenbelt
- Wood Flooring
- Scenic Elementary School Rated 9+
- Ranch Style House
- Corner Lot
About This Home
Versatile multi-unit investment opportunity with strong income potential! This property offers three units—live in one and rent out two, or rent all three—making it ideal for owner-occupants or investors. Located directly behind a grocery store–anchored shopping center and just minutes from downtown, the Lunch Loop bike trails, Audubon Nature Preserve, and the Riverfront Trail, this location offers both convenience and lifestyle appeal. The main home features 2 bedrooms and 1 bathroom with a two-car carport. The newly updated studio unit includes 1 bedroom, 1 bathroom, covered patio space, and two covered parking spaces. The separate cottage offers 1 bedroom and 1 bathroom. A shared laundry area provides one washer and one dryer for tenant use. All units are vacant and ready to show. A solid opportunity with multiple income streams and excellent potential. With two carports and ample additional parking, this property is thoughtfully designed to support multiple households while still being enjoyed as one cohesive home. Extra storage with a small workshop and shed included on the property. Call today to schedule your showing. All information, including measurements and square footage, is deemed reliable but not guaranteed and should be verified by Buyer(s).
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,223
Year Built
- Built in 1964
Lot Details
- 0.38 Acre Lot
- Lot Dimensions are 110 x 154 x 90 x 166
- Adjacent to Greenbelt
- Xeriscape Landscape
- Corner Lot
Home Design
- Triplex
- Ranch Style House
- Side-by-Side
- Slab Foundation
- Wood Frame Construction
- Metal Roof
- Vinyl Siding
Interior Spaces
- Ceiling Fan
- Window Treatments
- Crawl Space
- Washer and Dryer Hookup
Kitchen
- Electric Oven or Range
- Dishwasher
- Laminate Countertops
Flooring
- Wood
- Carpet
- Laminate
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Bathrooms
- Walk-in Shower
Parking
- 2 Car Garage
- Carport
- RV Access or Parking
Eco-Friendly Details
- Solar owned by a third party
Outdoor Features
- Covered Patio or Porch
- Shed
Schools
- Scenic Elementary School
- Redlands Middle School
- Grand Junction High School
Utilities
- Evaporated cooling system
- Window Unit Cooling System
- Forced Air Heating System
- Baseboard Heating
- Hot Water Heating System
- Programmable Thermostat
- Septic Tank
Listing and Financial Details
- Assessor Parcel Number 2945-161-17-001
Community Details
Overview
- 3 Units
- 2,622 Sq Ft Building
- Dike Road Subdivision
Amenities
- Laundry Facilities
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $1,601 | $22,660 | $1,730 | $20,930 |
| 2023 | $1,601 | $22,660 | $1,730 | $20,930 |
| 2022 | $1,113 | $15,510 | $1,390 | $14,120 |
| 2021 | $1,152 | $15,960 | $1,430 | $14,530 |
| 2020 | $779 | $11,180 | $1,430 | $9,750 |
| 2019 | $731 | $11,180 | $1,430 | $9,750 |
| 2018 | $616 | $8,530 | $1,260 | $7,270 |
| 2017 | $307 | $8,530 | $1,260 | $7,270 |
| 2016 | $301 | $9,350 | $1,390 | $7,960 |
| 2015 | $304 | $9,350 | $1,390 | $7,960 |
| 2014 | $318 | $9,800 | $1,270 | $8,530 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/17/2025 12/17/25 | For Sale | $389,000 | +168.5% | $148 / Sq Ft | |
| 11/02/2017 11/02/17 | Sold | $144,900 | +3.6% | $69 / Sq Ft | View Prior Sale |
| 11/02/2017 11/02/17 | Pending | -- | -- | -- | |
| 10/27/2017 10/27/17 | For Sale | $139,900 | -- | $67 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $144,900 | Abstract & Title Co | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $130,410 | Adjustable Rate Mortgage/ARM |
Source: Grand Junction Area REALTOR® Association
MLS Number: 20255647
APN: 2945-161-17-001
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for 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 not guaranteed.
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