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New
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$950,000

For Sale

13 hours ago

MLS® 4082967

8 Bed

4 Bath

2850 sqft

4 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Quadruplex
Levels Residential Income
Size 2850 sqft
Garage Yes
Taxes $5,454
Days Active 0
Lot Size 0.29 acres
Approx. Age 1954
Avg. Price Per Sqft $333
MLS® Number 4082967

Property Address: 7120 W 16th Pl, Lakewood, CO, 80214-5367

Average square foot calculated using Size range provided by listing agent.

Description

Rare investment opportunity in Lakewood’s Grand View Acres! This 1954-built brick quadplex features four 2BD/1BA units with 2 on fixed-term leases generating immediate income from day one. The vacant units are 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!
MLS® Number4082967
Laundry LevelCommon Area, In Basement
Central VacNo
FireplaceNo
Acreage0.29
Exterior
GarageYes
Approx. Age1954
BasementBath/Stubbed, Daylight, Exterior Entry, Finished, Walk-Out Access
DrivewayGravel
Garage Spaces2
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 25, 2026List Date
$950,000List Price
  • Commute

Commute

Starting Address
Destination Address
7120 W 16 Th Pl, Lakewood, CO

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