7120 W 16th Place, Lakewood, CO 80214
- $900,000
- 8
- BD
- 4
- BA
- 2,850
- SqFt
Courtesy of West and Main Homes Inc . scot.conti@westandmain.com,303-725-3786
- List Price
- $900,000
- Status
- ACTIVE
- Days on Market
- 128
- Price Change
- ▼ $25,000 1783629705
- MLS#
- 4082967
- Style
- Contemporary
- Year Built
- 1954
- Bedrooms
- 8
- Bathrooms
- 4
- Living Area
- 2,850
- Lot Size
- 12,601
- Acres
- 0.29
- Subdivision
- Grand View Acres
- Neighborhood
- Grand View Acres
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!
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Additional Information
- Interior Features
- Laminate Counters, No Stairs
- Exterior Features
- Private Yard
- Taxes
- $5,454
- Property Description
- Contemporary
- Zoning
- MGU
- Appliances
- Dishwasher, Disposal, Dryer, Gas Water Heater, Range Hood, Refrigerator, Self Cleaning Oven
- Heating
- Forced Air, Natural Gas
- Air Conditioning
- None
- Levels
- Multi/Split
- Roof
- Shingle
- Garage Spaces
- 2
- School District
- Jefferson County R-1
- Elementary School
- Lumberg
- Middle School
- Jefferson
- High School
- Jefferson
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