$1,799,000

581 W Indian Creek Dr Unit 2,4,5,6 Grand Junction, CO 81501

Downtown Grand Junction Neighborhood

Estimated payment $10,311/month

Total Views 1,324
12 Beds
9 Baths
6,266 Sq Ft
$287 Price per Sq Ft

Highlights

  • 2 Car Attached Garage
  • Open Patio
  • Luxury Vinyl Plank Tile Flooring
  • Walk-In Closet
  • Landscaped
  • Walk-in Shower

About This Home

Investment opportunity to purchase four townhomes located at 581 W Indian Creek Drive, including units: 2, 4, 5, & 6 at a 5.7% Cap Rate. All units are leased on 1-year terms and offer a stabilized, income-producing asset in a strong rental market. Units were all built in 2022 and feature modern floor plans. Units 2, 5, & 6 are single story and offer 3-bedrooms and 2-bath with nice open concept. Unit 4 is a 2-story unit and features 3-bedrooms and 3-bathrooms. All units come with refrigerators, dishwashers, ranges, microwaves, and in unit washers and dryers. All units come with attached 2-car garages. Unit 2 will be going back on the market and all other units are currently leased.

Listing Agent

Cory Carlson

VENTURE GROUP License #FA100087222 Listed on: 07/14/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,412

Year Built

  • Built in 2022

Lot Details

  • 3,485 Sq Ft Lot
  • Lot Dimensions are 117' x 28'
  • Landscaped

HOA Fees

  • $155 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Side-by-Side
  • Slab Foundation
  • Wood Frame Construction
  • Asphalt Roof
  • Cultured Stone Exterior
  • Stucco Exterior

Kitchen

  • Electric Oven or Range
  • Electric Cooktop
  • Range Hood
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Luxury Vinyl Plank Tile

Bedrooms and Bathrooms

  • 12 Bedrooms
  • Walk-In Closet
  • 9 Bathrooms
  • Walk-in Shower

Laundry

  • Dryer
  • Washer

Schools

  • Nisley Elementary School
  • Bookcliff Middle School
  • Central High School

Utilities

  • Refrigerated Cooling System
  • Forced Air Heating System
  • Separate Meters
  • Separate Water Meter

Additional Features

  • Ceiling Fan
  • Open Patio

Community Details

  • 4 Units
  • 6,266 Sq Ft Building
  • Peppertree Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2943-071-81-007

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,412

Year Built

Built in 2022

Lot Details

0

HOA Fees

$155 per month

Listing Details

  • Construction: Wood Frame
  • Current Use: Residential
  • Elevation: 4495
  • Fronts: E
  • Gas Company: Xcel
  • Heating Type: Forced Air
  • How Built: Site Built
  • Lot Dimensions: 117' x 28'
  • Lvt Date: 08/11/2025
  • Patio Deck: Patio-Open
  • Property Type: Multi-Family
  • Real Estate Incl: Yes
  • Sewer: Sewer Installed
  • Sewer Company: City Of Gj
  • Street Desc Access: City/Town
  • Taxes: 7412.18
  • Tax Year: 2024
  • Total Acres: 0.08
  • Water: City Water
  • Zoning: RM-8
  • Total Building Sq Ft: 6266
  • Display On Internet: Yes
  • Design: Side By Side
  • Separate Electric Meters: Yes
  • Separate Gas Meters: Yes
  • Separate Water Meters: Yes
  • Garage Capacity: 2
  • Garage Type: Attached
  • Garage Capacity: 2
  • Garage Type: Attached
  • Garage Capacity: 2
  • Garage Type: Attached
  • Garage Capacity: 2
  • Garage Type: Attached
  • Year Built: 2022
  • Directions: East on Patterson Road, South on West Indian Creek Drive. Townhomes located on right side.
  • Subdivision Name: Peppertree
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Number Bedrooms: 12
  • Appliances: Dishwasher-All, Dryer-All, Electric Range/Oven-All, Garbage Disposal-All, Microwave Built-In-All, Range Hood-All, Refrigerator-All, Washer-All, Washer Hookup, Dryer Hookup, Electric Cook Top
  • Basement Foundation: Slab
  • Floor: Carpet, Luxury Vinyl Planking
  • Interior Amenities: Ceiling Fan(s), Walk-In Closet(s), Walk-In Shower, Pantry
  • Bathrooms: 9
  • Price Per Sq Ft: 287.11
  • Fireplaces: Fireplace(s)-None

Exterior Features

  • Landscaping: Landscape All
  • Exterior Siding: Stucco, Cultured Stone
  • Roof: Asphalt Composition

Utilities

  • Cooling Type: Refrigerated Central Air
  • Electric Company: Xcel
  • Water Company: City of GJ
  • Laundry: W/D Hookups In All Units

Schools

  • Elementary School: Nisley
  • Middle School: Bookcliff
  • High School: Central
  • Elementary School: Nisley
  • High School: Central

Lot Info

  • Lot Description: 75' - 100' Frontage
  • Lot Size: A: 0-0.24
  • Parcel Number: 2943-071-81-007
  • Geo Update Timestamp: 2025-08-11
  • Geo Subdivision: CO

Multi Family

  • Total Number Units: 4

MLS Schools

  • Middle School: Bookcliff

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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 $1,684 $23,310 $4,340 $18,970
2023 $1,684 $23,310 $4,340 $18,970
2022 $1,071 $14,200 $2,780 $11,420
2021 $178 $1,510 $1,510 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/14/2025 07/14/25 For Sale $1,799,000 -- $287 / Sq Ft
Source: Grand Junction Area REALTOR® Association

Source: Grand Junction Area REALTOR® Association

MLS Number: 20253883

Grand Junction Area REALTOR® Association

APN: R103038

Colorado Mesa County Grand Junction 81501 Downtown Grand Junction

581 W Indian Creek Dr Unit 2,4,5,6, Grand Junction, CO

This home is located at 581 W Indian Creek Dr Unit 2,4,5,6, Grand Junction, CO 81501 and is currently priced at $1,799,000, approximately $287 per square foot. This property was built in 2022. 581 W Indian Creek Dr Unit 2,4,5,6 is a home located in Mesa County with nearby schools including Nisley Elementary School, Bookcliff Middle School, and Central High School.

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.

Grand Junction Area REALTOR® Association 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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Cory Carlson
Listing Agent
Cory Carlson
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VENTURE GROUP
(970) 508-9971