1041 24th, Rifle, CO 81650
1041 24th, Rifle, CO 81650
1041 24th, Rifle, CO 81650
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$2,400,000
Est. payment /mo
61 Beds
27,115 SqFt
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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 27,115 sqft

Price per Sqft $88

Subdivision Knollridge #1

MLS Listing ID 2348611

Bedrooms 61

HOA Y/N No

Abv Grd Liv Area 27,115

Year Built 2000

Tax Year 2025

Property Sub-Type Quadruplex

Source recolorado

Property Description

Eagle's Nest Apartments is a 30-unit workforce housing community located in Rifle, Colorado, one of the last remaining affordable housing markets along the I-70 corridor. The property features a balanced mix of one-, two-, and three-bedroom floorplans with larger average unit sizes that cater to local workers and families seeking quality, attainable housing. Situated on approximately 6.14 acres, the community is well positioned to serve the region's growing demand for workforce housing.

Rifle has become an increasingly attractive residential market due to its affordability and strategic location with convenient access to major employment centers throughout Garfield County and the Roaring Fork Valley. As housing costs continue to rise in nearby communities such as Aspen, Snowmass Village, Basalt, and Carbondale, more residents are choosing Rifle as an affordable alternative while commuting to jobs across the region. The local economy is supported by a diverse mix of industries, including energy, healthcare, education, government, manufacturing, transportation, and construction, providing a stable employment base that supports long-term housing demand.

From an investment perspective, Eagle's Nest offers the opportunity to acquire a stabilized workforce housing asset in a supply-constrained market with durable occupancy fundamentals. Rifle's significant affordability advantage over neighboring mountain communities continues to drive renter demand and household formation, creating strong potential for sustained occupancy and long-term rental growth.

Location

State CO

County Garfield

Interior

Heating Forced Air

Cooling Other

Fireplace N

Exterior

Roof Type Unknown

Total Parking Spaces 72

Garage No

Building

Sewer Public Sewer

Level or Stories One

Structure Type Stucco

Schools

Elementary Schools Elk Creek

Middle Schools Rifle

High Schools Rifle

School District Garfield Re-2

Others

Senior Community No

Ownership Individual

Acceptable Financing Cash, Conventional, Other

Listing Terms Cash, Conventional, Other

Special Listing Condition None


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REColorado (REColorado MLS)
Listed by Marcus & Millichap Real Estate Investment Services of Atlanta, Inc.

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Denise Gerhardt

Denise Gerhardt

+1(720) 212-5231

Independent Broker | License ID: IR100071810

Independent Broker License ID: IR100071810

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