Address
7120 W 16th Place, Lakewood, CO
Price
$ 900,000
Property Attributes
- MLS#4082967
- TypeMulti-Family
- Listing Status Active
- CountyJEFFERSON
- CityLakewood
- NeighborhoodGrand View Acres
- Zip80214
- StyleContemporary
- Year Built1954
- Taxes$ 5454
- Price$ 900,000
- Bedrooms8
- Full Bathrooms4
- Half Bathrooms0
- Sqr Footage2900
- Lot Size0.29 Acres
Data Source:
REColorado (MTOMLS)
Property Description
Rare investment opportunity in Lakewood’s Grand View Acres! This 1954-built brick quadplex features four 2BD/1BA units with 3 on fixed-term leases generating immediate income from day one. The vacant unit is move-in ready and ideal for an owner-occupant or savvy house hacker looking to live in one unit while the other three help pay the mortgage. Three of the four units were extensively updated in 2026, including new carpet, vinyl flooring, and fresh paint in two units, plus a full renovation in one unit featuring a new kitchen, new bathroom, new stainless steel appliances, vinyl flooring, carpet, lighting, and paint. A new water heater was also installed in 2025. With significant recent improvements already completed, the property offers an attractive low-maintenance opportunity with minimal near-term capital expenditures needed. Additional features include a spacious fenced in yard, two private one-car garages and dedicated off-street parking for the remaining two units. Located in sought-after Grand View Acres, the property offers convenient access to parks, trails, shopping, dining, and other everyday amenities in Lakewood and nearby Denver. This rare investment opportunity with durable interiors, strong tenant appeal, and stable income will go fast!
| Elementary School | Middle School | High School |
|---|---|---|
| Lumberg Elementary School | Jefferson Middle School | Jefferson High School |
| Price History | |
|---|---|
| 3/25/2026 | Listed $950,000 |
| 4/14/2026 | 3$925,000 |
| 7/9/2026 | 3$900,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Forced Air,Natural Gas |
| Cooling | None |
| Utilities | Cable Available,Electricity Connected,Internet Access (Wired),Natural Gas Connected,Phone Connected |
| Possession | Closing/DOD,Subject To Tenant Rights |
| Roof | Shingle |
| Appliances | Dishwasher,Disposal,Dryer,Gas Water Heater,Range Hood,Refrigerator,Self Cleaning Oven |
| Zoning | MGU |
| Garage Spaces | 2 |
| Patio/Porch Features | Covered,Deck,Front Porch |
| Architectural Style | Contemporary |
| Security Features | Carbon Monoxide Detector(s),Smoke Detector(s) |
| Construction Materials | Block,Brick |
| Exclusions | TENANTS PERSONAL PROPERTY |
| Year Built | 1954 |
| Tenant Pays | Cable TV,Electricity,Gas,Internet,Telephone |
| Levels | Multi/Split |
| Property Subtype | Quadruplex |
| Tax Year | 2025 |
| Ownership | Individual |
| Gross Income | 74117 |
| OwnerPays | Electricity,Exterior Maintenance,Gas,Insurance,Taxes,Trash Collection,Water |
| County | Jefferson |
| Operating Expense | 15078 |
| Property Type | Residential Income |
| HOA | No |
| Attached Garage | Yes |
| Subdivision Name | Grand View Acres |
| Status | Active |
| High School | Jefferson |
| City | Lakewood |
| Entry Location | Exterior Access |
| Senior Community Y/N | No |
| High School District | Jefferson County R-1 |
| Lot Size Units | Square Feet |
| Lot Size Square Feet | 12601 |
| Listing Terms | Cash,Conventional |
| Elementary School | Lumberg |
| Tax Annual Amount | 5454 |
| Middle/Junior High School | Jefferson |
| Property Condition | Updated/Remodeled |
| Structure Type | Quadruplex |
| Standard Status | Active |
| Occupancy Type | Tenant |
| Middle/Junior School District | Jefferson County R-1 |
| Elementary School District | Jefferson County R-1 |
| Cap Rate | 6.56 |
Interior Features
| Interior Amenities | Laminate Counters,No Stairs |
|---|---|
| Basement | Bath/Stubbed,Daylight,Exterior Entry,Finished,Walk-Out Access |
| Flooring | Carpet,Tile,Vinyl |
| Basement (Y/N) | Yes |
| Above Grade Finished Area | 1450 |
| Laundry Features | Common Area,In Basement |
| Total Bedrooms | 8 |
| Below Grade Finished Area | 1400 |
| Total Baths | 4 |
Exterior Features
| Exterior Amenities | Private Yard |
|---|---|
| Fencing | Full |
| Parking Features | Gravel |
| Water Source | Public |
| Total Parking | 4 |
| Lot Size Area | 12601 |
| Foundation Details | Concrete Perimeter,Slab |
| Building Area Total | 2900 |
| Lot Size Acres | 0.29 |
| Road Responsibility | Public Maintained Road |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 80214
Price
Taxes
Year Built
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