Residential Income · Active

7120 W 16th Place

Lakewood, CO 80214

8 Beds · 4 Baths · 2,850 Sq Ft

$875,000

Quadruplex

Property Type

0.29 acres

Lot Size

1954

Year Built

$307

Price per Sq Ft

2

Parking Spaces

4082967

MLS #

About This Property

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!

227 days on market

Listed by Scot Conti · West and Main Homes Inc · scot.conti@westandmain.com,303-725-3786

Last updated: 10/26/2026 11:57 AM · Source: REcolorado®, MLS#: 4082967

Property Details

Key Details

Property Type Residential Income
Sub Type Quadruplex
Status Active
Price per Sq Ft $307
Subdivision Grand View Acres
MLS # 4082967
Days on Market 227
Bedrooms 8

More Details

Year Built 1954
Lot Size (Sq Ft) 12,601
Acres 0.29
HOA No
Annual Taxes $5,454
State CO
County Jefferson
Zoning MGU

Interior

Interior Features Laminate Counters, No Stairs
Heating Forced Air, Natural Gas
Cooling None
Flooring Carpet, Tile, Vinyl
Appliances Dishwasher, Disposal, Dryer, Gas Water Heater, Range Hood, Refrigerator, Self Cleaning Oven

Exterior & Parking

Exterior Features Private Yard
Garage Yes
Garage Spaces 2
Parking Features Driveway
Roof Shingle

Building & Lot

Basement Bath/Stubbed, Daylight, Exterior Entry, Finished, Walk-Out Access
Architectural Style Contemporary
Levels Multi/Split
Construction Block, Brick
Sewer Public Sewer
Water Source Public

Terms & Other

Senior Community No
Special Conditions None Known

Location

Price History

DateEventPrice
3/25/2026 Listed for sale
Source: REcolorado® #4082967
$875,000 $307/sqft

Based on information submitted to the MLS GRID as of November 7, 2026 at 4:02 PM MST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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.

Listing information last updated October 26, 2026 at 11:57 AM.

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