7120 W 16th Place, Lakewood, CO 80214

Lakewood
Local realty services provided by:ERA Teamwork Realty
7120 W 16th Place,Lakewood, CO 80214
$925,000
  • 8 Beds
  • 4 Baths
  • 2,900 sq. ft.
  • Multi-family
  • Active
Listed by: scot conti
Office: west and main homes inc
MLS#:4082967
Source:ML

Price summary

  • Price:$925,000
  • Price per sq. ft.:$318.97

About this home

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....

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Home facts

  • Year built:1954
  • Listing ID #:4082967

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:4
  • Flooring:Carpet, Tile, Vinyl
  • Kitchen Description:Dishwasher, Disposal, Range Hood, Refrigerator, Self Cleaning Oven
  • Basement:Yes
  • Basement Description:Bath/Stubbed, Daylight, Exterior Entry, Finished, Walk-Out Access
  • Living area:2,900 sq. ft.

Heating and cooling

  • Heating:Forced Air, Natural Gas

Structure and exterior

  • Roof:Shingle
  • Year built:1954
  • Building area:2,900 sq. ft.
  • Lot area:0.29 Acres
  • Architectural Style:Contemporary
  • Construction Materials:Block, Brick
  • Exterior Features:Covered, Deck, Front Porch, Private Yard
  • Foundation Description:Concrete Perimeter, Slab

Schools

  • High school:Jefferson
  • Middle school:Jefferson
  • Elementary school:Lumberg

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$925,000
  • Price per sq. ft.:$318.97
  • Tax amount:$5,454 (2025)

Features and amenities

  • Laundry features:Common Area, Dryer
  • Amenities:Carbon Monoxide Detector(s), Gas Water Heater, Smoke Detector(s)

Parking

  • Total parking spaces:4
  • Parking description:Gravel
  • Garage:Yes
  • Garage spaces:2
MLS LogoBased on information submitted to the MLS GRID as of May 14, 2026 02:24 PM. 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.

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