4500 W 16th Avenue Denver, CO ^$ 1,249,000

4500 W 16th Avenue

^$ 1,249,000

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4500 W 16th Avenue

Denver, CO, 80204

^$ 1,249,000

Bedrooms5 Baths4.0 Sq 3,613

Monthly Estimate*

^$ 8,627

Listed by Capital Property Group LLC

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Multi-Family Home for sale in Denver, CO

for $1,249,000 with 5 bedrooms and 4 full baths. This 3,613 square foot home was built in 1954 on a lot size of 0.22.

Awesome covered-land play opportunity! This exceptional corner lot offers a fantastic development opportunity on a 9,370-square-foot site with U-RH-3A zoning, ideally located just one block from the coveted Sloan's Lake Park. The existing units benefit from strong rental demand, quick leasing, and phenomenal tenant retention, making this an attractive opportunity for both immediate income and future development potential. Adding to the appeal, the City of Denver plans to invest $50 million in improvements to Sloan’s Lake, including shoreline restoration and water-quality improvements. These significant enhancements are expected to further improve the surrounding area and enhance the long-term appeal of the property. Immediate income upside: Two family members currently occupy two of the units at below-market rents. Bringing both units to market rents supports an estimated 4.5% cap rate. The family member occupying the two-bedroom unit is vacating by the end of October, creating an opportunity to increase annual rental income by more than $7,500. The family member residing at 1591 Utica is currently below market, with a lease ending July '27. With strong existing rental performance, significant near-term income upside, desirable zoning, and a prime location near Sloan’s Lake, this property presents an excellent combination of current cash flow and future development potential. Showing Instructions: Listing agent Will McKinlay must be present for all showings. Please provide tenants with at least 24 hours’ notice prior to any showing.

Multi-Family Pending

Price

^$ 1,249,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 5,745

Style

Traditional

Lot Size

0.22

Year Built

1954

Town/City

Denver

County/Region

Denver

MLS | Web ID

4673068

Features

General

Living Area 3613

Sewer Public Sewer

Heating Forced Air

Cooling None

Utilities Electricity Connected Internet Access (Wired) Natural Gas Connected Phone Connected

Roof Composition

Appliances Cooktop Disposal Dryer Microwave Oven Refrigerator Washer

Zoning U-RH-3A

Garage Spaces 0

Patio/Porch Features Covered Patio

Architectural Style Traditional

Construction Materials Brick Frame

Year Built 1954

Electric 220 Volts

View Lake

Levels Two

Property Subtype Quadruplex

Parcel Number 2313-12-014

County Denver

Property Type Residential Income

HOA N

Attached Garage N

Subdivision Name Sloan's Lake

Facing Direction North

High School North

City Denver

Senior Community Y/N N

High School District Denver 1

Lot Size Units Square Feet

Lot Size Square Feet 9370

Carport Spaces 2

Elementary School Colfax

Property Attached Y/N Y

Tax Annual Amount 5745

Middle/Junior High School Strive Lake

Standard Status Pending

Middle/Junior School District Denver 1

Elementary School District Denver 1

Freehold IDX

Interior

Interior Amenities Butcher Counters Ceiling Fan(s) Pantry Smoke Free

Basement Crawl Space

Flooring Tile Wood

Total Fireplaces 0

Laundry Features In Unit Multiple Locations

Total Bedrooms 5

Total Baths 4

Exterior

Exterior Amenities Fire Pit Garden Gas Grill Private Yard Rain Gutters

Fencing Partial

Parking Features Concrete Storage

Lot Features Corner Lot Landscaped Level Near Public Transit Sprinklers In Front Sprinklers In Rear

Water Source Public

Lot Size Area 9370

Lot Size Acres 0.22

* Excluded Features

List By

Capital Property Group Llc

Broker

wmckinlay@capitalpropgroup.com

Contact

Affordability Calculator

$9,105

Per Month

Monthly Principal & Interest: $8,627
Monthly Property Taxes: $479
Monthly Home Insurance: --

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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

Trends
Schools

Multi-family listings in Denver, CO

Average List Price ^$947,784

Percent of Sale Price 24%

About Denver, CO

24,748 Population

9% Since 2002

^$36,940 Median Income

38.83 Median Age

13% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

732044 Elementary School

1700420 Middle School

North High School High School

Pricing History

Date	Price	Price Change	Description
9/10/2026	$1,249,000		Listed Price

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4500 W 16th Avenue, Denver, CO, 80204 is a Multi-Family Home for sale at $1,249,000 with 3,613 sqft and a lot size of 0.22. 4500 W 16th Avenue has 5 bedrooms, 4.0 baths, and was built in 1954. The property's zip code is 80204 which is in Denver, CO

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

The data relating to real estate on this web site comes in part from the Internet Data eXchange (IDX) Program of the REcolorado. Real estate listings held by firms other than Weichert Realtors are marked with the IDX logo and detailed information about them includes the Listing Broker’s Firm Name.

The information being provided is 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.

Data is updated as of 10/23/2026.

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4500 W 16th Avenue

Multi-Family Home for sale in Denver, CO

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