11
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$2,400,000
Est. payment /mo
61 Beds
27,115 SqFt
Pending
1041 24th Rifle, CO 81650
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Key Details
Property Type Other Types
Sub Type Quadruplex
Listing Status Pending
Purchase Type For Sale
Square Footage 27,115 sqft
Price per Sqft $88
Subdivision Knollridge #1
MLS Listing ID 5412325
Bedrooms 61
HOA Y/N No
Year Built 2000
Property Sub-Type Quadruplex
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.
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
Exterior
Roof Type Unknown
Private Pool No
Building
Story One
Sewer Public Sewer
Schools
School District Elementary: Garfield Re-2, Middle/Junior: Garfield Re-2, High: Garfield Re-2
Others
Senior Community No
Tax ID R361506
Special Listing Condition None Known
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed byMarcus & Millichap Real Estate Investment Services of Atlanta, Inc.
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