7120 W 16th Place Lakewood, CO $ 875,000
7120 W 16th Place
$ 875,000
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7120 W 16th Place

Lakewood, CO, 80214
$ 875,000
Bedrooms8 Baths4.0 Sq 2,850

Monthly Estimate*

$ 6,043

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

for $875,000 with 8 bedrooms and 4 full baths. This 2,850 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 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!

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Multi-Family Active

Price

$ 875,000

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
General
Living Area 2850
Sewer Public Sewer
Heating Forced Air Natural Gas
Cooling None
Utilities Cable Available Electricity Connected Internet Access (Wired) Natural Gas Connected Phone Connected
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
Construction Materials Block Brick
Year Built 1954
Levels Multi/Split
Property Subtype Quadruplex
Parcel Number 052371
County Jefferson
Property Type Residential Income
HOA N
Attached Garage Y
Subdivision Name Grand View Acres
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
Elementary School Lumberg
Property Attached Y/N N
Tax Annual Amount 5454
Middle/Junior High School Jefferson
Standard Status Active
Middle/Junior School District Jefferson County R-1
Elementary School District Jefferson County R-1
Freehold IDX
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Interior
Interior Amenities Laminate Counters No Stairs
Basement Bath/Stubbed Daylight Exterior Entry Finished Walk-Out Access
Flooring Carpet Tile Vinyl
Laundry Features Common Area In Basement
Total Bedrooms 8
Total Baths 4
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Exterior
Exterior Amenities Private Yard
Fencing Full
Parking Features Driveway-Gravel
Water Source Public
Lot Size Area 12601
Foundation Details Concrete Perimeter Slab
Lot Size Acres 0.29
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* Excluded Features
List By
West And Main Homes Inc

Broker

scot.conti@westandmain.com,303-725-3786

Contact

Affordability Calculator

$6,498
Per Month
93%
7%
0%
Monthly Principal & Interest
$6,043
Monthly Property Taxes
$455
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
9/28/2026$875,000 -2.78% Price Down
7/9/2026$900,000 -2.70% Price Down
4/14/2026$925,000 -2.63% Price Down
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 $875,000 with 2,850 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