7120 W 16th Place Lakewood, CO $ 950,000
7120 W 16th Place
$ 950,000
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7120 W 16th Place

Lakewood, CO, 80214
$ 950,000
Bedrooms8 Baths4.0 Sq 2,900

Monthly Estimate*

$ 5,849

Listed by West and Main Homes Inc
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Multi-Family Home for sale in Lakewood, CO

for $950,000 with 8 bedrooms and 4 full baths. This 2,900 square foot home was built in 1954 on a lot size of 0.29.

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!

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Multi-Family Active

Price

$ 950,000

Bedrooms

8

Full Bath

4

Property Type

Multi-Family

Taxes

$ 5,454

Style

Contemporary

Lot Size

0.29

Year Built

1954

Town/City

Lakewood

County/Region

Jefferson

MLS | Web ID

4082967

Features
Interior
Interior Amenities Laminate Counters No Stairs
Basement Bath/Stubbed Daylight Exterior Entry Finished Walk-Out Access
Flooring Carpet Tile Vinyl
Basement (Y/N) Y
Above Grade Finished Area 1450
Laundry Features Common Area In Basement
Total Bedrooms 8
Below Grade Finished Area 1400
Total Baths 4
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General
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
County Jefferson
Operating Expense 15078
Property Type Residential Income
HOA N
Attached Garage Y
Subdivision Name Grand View Acres
Status Active
High School Jefferson
City Lakewood
Entry Location Exterior Access
Senior Community Y/N N
High School District Jefferson County R-1
Lot Size Units Square Feet
Lot Size Square Feet 12601
Carport Spaces 0
Listing Terms 1031 Exchange 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 6.2
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Exterior
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
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Internal Only
Street Number 1 7120
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* Excluded Features
List By
West And Main Homes Inc

Broker

(303) 725-3786

Phone

Affordability Calculator

$6,304
Per Month
93%
7%
0%
Monthly Principal & Interest
$5,849
Monthly Property Taxes
$455
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1955880 Elementary School
1955845 Middle School
Jefferson High School High School
Pricing History
DatePricePrice ChangeDescription
3/25/2026$950,000 Listed Price

Map


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7120 W 16th Place, Lakewood, CO, 80214 is a Multi-Family Home for sale at $950,000 with 2,900 sqft and a lot size of 0.29. 7120 W 16th Place has 8 bedrooms, 4.0 baths, and was built in 1954. The property's zip code is 80214 which is in Lakewood, CO