For Sale Multi-Family MLS# 4082967

7120 W 16th Place

Lakewood, CO 80214

$875,000

recolorado-bridge logo

About 7120 W 16th Place

Rare investment opportunity in Lakewood’s Grand View Acres! This 1954-built brick quadplex features four 2BD/1BA units with two 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.

All four units were updated in 2026, including new carpet, vinyl flooring, and fresh paint in three 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!

Property details

Property

Type
Quadruplex
MLS type
Residential Income
Status
Active
Year built
1954
Stories
Multi/Split
Living area
2,850 sqft
Price / sqft
$307
Lot
0.29 AC / 12,601 SF
MLS #
4082967

Interior

Features
Laminate Counters, No Stairs
Appliances
Dishwasher, Disposal, Dryer, Gas Water Heater, Range Hood, Refrigerator, Self Cleaning Oven
Flooring
Carpet, Tile, Vinyl
Heating
Forced Air, Natural Gas
Laundry
Common Area, In Basement

Exterior & lot

Features
Private Yard
Roof
Shingle
Foundation
Concrete Perimeter, Slab
Patio & porch
Covered, Deck, Front Porch
Fence
Full
Parking
Driveway-Gravel
Garage spaces
2

Schools

District
Jefferson County R-1
Elementary
Lumberg
Middle
Jefferson
High
Jefferson

Utilities

Utilities
Cable Available, Electricity Connected, Internet Access (Wired), Natural Gas Connected, Phone Connected
Water
Public
Sewer
Public Sewer

Financial

Annual tax
$5,454
Parcel
052371
Special conditions
None Known

Location

Subdivision
Grand View Acres
County
Jefferson

Ask about this property

Questions on 7120 W 16th Place, or want to see it in person?

Listed by Scot Conti, West and Main Homes Inc

Listings courtesy of REColorado. IDX information is provided exclusively for consumers' 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 use of REColorado data may be subject to an end user license agreement prescribed by the applicable MLS if any and as amended from time to time. Based on information submitted to the REColorado as of date and time noted. All data is obtained from various sources and may not have been verified by broker or REColorado. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. © 2026 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved. 6455 S. Yosemite St., Suite 300, Greenwood Village, CO 80111 USA. Real estate listings held by brokers other than Distinct Real Estate are marked with the IDX Logo. This publication is designed to provide information with regard to the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought. The information contained in this publication is subject to change without notice. METROLIST, INC. MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. METROLIST, INC. SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL. All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin. METROLIST, INC. will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis. ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. The information contained herein including but not limited to all text, photographs, digital images, virtual tours, may be seeded and monitored for protection and tracking. Data displayed may be a portion of, and not a complete set of all listings published in the MLS.