7120 W 16th Place Lakewood CO 80214 MLS #REC4082967

7120 W 16th Place
Lakewood, CO, 80214
$900,000
MLS #REC4082967 image #0
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Rare investment opportunity in Lakewood’s Grand View Acres! This 1954-built brick quadplex features four 2BD/1BA units with 3 on fixed-term leases generating immediate income from day one. The vacant unit is 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!

Property Details

Price:
$900,000
MLS #:
REC4082967
Status:
Active
Beds:
8
Baths:
4
Type:
Multi Family
Subtype:
Quadruplex
Subdivision:
Grand View Acres
Finished Sq Ft:
2,850
Total Sq Ft:
2,900
Lot Size:
12,601 sqft / 0.29 acres (approx)
Year Built:
1954
ContemporaryGrand View AcresJefferson County R-1LumbergJeffersonJefferson

Schools

School District:
Jefferson County R-1
Elementary School:
Lumberg
Middle School:
Jefferson
High School:
Jefferson

Interior

Above Grade Finished Area
1450
Appliances
Dishwasher, Disposal, Dryer, Gas Water Heater, Range Hood, Refrigerator, Self Cleaning Oven
Below Grade Finished Area
1400
Below Grade Unfinished Area
50
Cooling
None
Flooring
Carpet, Tile, Vinyl
Heating
Forced Air, Natural Gas
Interior Features
Laminate Counters, No Stairs
Laundry Features
Common Area, In Basement
Levels
Multi/Split

Exterior

Architectural Style
Contemporary
Attached Garage YN
1
Construction Materials
Block, Brick
Exterior Features
Private Yard
Fencing
Full
Garage Spaces
2
Parking Features
Gravel
Parking Spots
4
Parking Total
4
Patio And Porch Features
Covered, Deck, Front Porch
Roof
Shingle
Security Features
Carbon Monoxide Detector(s), Smoke Detector(s)

Financial

Tax Year
2025
Taxes
$5,454

Map

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Property Summary

    Located in the Grand View Acres subdivision, 7120 W 16th Place Lakewood CO is a Multi Family for sale in Lakewood, CO, 80214. It is listed for $900,000 To schedule a showing of MLS#rec4082967 at 7120 W 16th Place in Lakewood, CO, contact your Smart Sale AI agent at 3039066915.

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Additional Details

MLS ID : REC4082967
Listing Key : REC2043749607
Parcel Number : 052371
Zip Code : 80214
City : Lakewood
State : CO
Building if Condo :
Full Street: 7120 W 16th Place
Address : 7120
Address Prefix :
Address Suffix : Place
Street : 16th
Street Prefix : W
Street Suffix :
Unit if Condo :
Latitude : 39.742908
Longitude : -105.075760
Property Type : multifamily
Property Sub Type : Quadruplex
Stories Total if Condo :
Lot Size : 12,601 sqft / 0.29 acres (approx)
Ownership : Individual
Zoning : MGU
Condition : Updated/Remodeled
Renovation :
Pets Allowed :
Special Conditions : None
Possession : Closing/DOD,Subject To Tenant Rights
Original Price : 950000
Close Price :
Close Date :
List Date : Mar 25, 2026
List Contract Date : 2026-03-25
Off Market Date :
Purchase Contract Date :
Days on Market : 112
Concessions Amount :
Concession Comment :
Renovation :
Company : West and Main Homes Inc
disclosure
Courtesy of West and Main Homes Inc. Disclaimer: Based on information submitted to the MLS GRID as of 2026-07-15 6:33:59 am. 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.

Copyright 2026. All rights reserved.
Rover IDX
7120 W 16th Place
Lakewood, CO