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285 S Grand Mesa Drive, 
Cedaredge, CO 81413

$425,000


5

Beds


3

Baths


3,245

Sq Ft


Multi-Family

Active

Listed by

Lucinda Stanley

Grand Mesa Real Estate Services

970-512-3000

Last updated:

May 15, 2026, 04:41 AM

MLS#

20262280

Source:

CO GJARA

About This Home

285 S Grand Mesa Drive

This well-maintained multi-tenant residential property, built in 2003, is ideally located in the heart of downtown Cedaredge and is fully leased. Offering exceptional flexibility, this investment property presents multiple opportunities — continue generating rental income, live in one unit while renting the others, or accommodate multi-generational living. Currently configured and rented as a duplex, the property is already set up for easy conversion to a triplex with the addition of a studio apartment and a stackable washer and dryer for the upstairs unit. Recent upgrades to the apartments enhance both comfort and appeal, while private parking spaces and fenced private yards add convenience for tenants. The property is adjacent to a pocket park honoring local Veterans and is within walking distance to downtown shops, restaurants, and amenities. A detailed list of improvements is available upon request. Offered at a 6% CAP rate, this turnkey, income-producing property is an excellent investment opportunity. Showings are available with the Listing Broker and require a 48-hour notice to tenants.

Home Facts

Multi-Family

3 Baths

5 Bedrooms

Built in 2003

Price Summary

425,000

$130 per Sq. Ft.

MLS #:

20262280

Last Updated:

May 15, 2026, 04:41 AM

Added:

4 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

5

Bathrooms

Total Bathrooms:

3

Full Bathrooms:

3

Interior

Living Area:

3,245 Sq. Ft.


Structure

Structure

Building Area:

3,245 Sq. Ft.

Year Built:

2003


Lot

Lot Size (Sq. Ft):

8,712


Finances & Disclosures

Finances

Price:

$425,000

Price per Sq. Ft:

$130 per Sq. Ft.

Source:CO GJARA
The information being provided by Grand Junction Area REALTOR® Association is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2026 Grand Junction Area REALTOR® Association All rights reserved.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.