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!
Listed by Scot Conti
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License #55056192
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West and Main Homes Inc
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303-725-3786
Last updated April 27, 2026
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Source: REcolorado #4082967
Listing Facts
TypeMulti-family
NeighborhoodNortheast Lakewood
Bedrooms8
Bathrooms4
Days on Prevu37
Taxes$5,454/year
Size2,850 sqft
Price per sqft$325
Amenities
Dishwasher
Private Outdoor Space
Washer/Dryer
Parking
Location
Mortgage Calculator
Listing History
04/14/2026
Price Decreased
$925,000
03/25/2026
Listed by West and Main Homes Inc
$950,000
Property Details for 7120 W 16th Place
Exterior
Construction
Property Condition: Updated/Remodeled
Roof: Shingle
Structure Type: Quadruplex
Year Built: 1954
Architectural Style: Contemporary
Construction Materials: Block, Brick
Entry Location: Exterior Access
Exterior Features: Private Yard
Features
Fencing: Full
Patio And Porch Features: Covered, Deck, Front Porch
Measurements
Building Area Total: 2,900
Lot Size Acres: 0.29
Lot Size Area: 12,601
Lot Size Square Feet: 12,601
Lot Size Units: Square Feet
Financial
Residential Income
Cap Rate: 6.2
Gross Income: $74,117.00
Operating Expense: $15,078.00
Operating Expense Includes: Insurance, Real Estate Tax, Utilities
Taxes
Parcel Number: 052371
Tax Annual Amount: $5,454.00
Tax Year: 2025
Interior
Features
Appliances: Dishwasher, Disposal, Dryer, Gas Water Heater, Range Hood, Refrigerator, Self Cleaning Oven
Middle Or Junior School District: Jefferson County R-1
Utilities
Equipment
Heating: Forced Air, Natural Gas
Laundry Features: Common Area, In Basement
Sewer: Public Sewer
Utilities: Cable Available, Electricity Connected, Internet Access (Wired), Natural Gas Connected, Phone Connected
Water Source: Public
Frequently Asked Questions
How many bedrooms and bathrooms does this multi-family home have?
There are 8 bedrooms and 4 bathrooms in this multi-family home at 7120 W 16th Place.
What schools are nearby to 7120 W 16th Place?
Nearby schools include the Lumberg Elementary School, Jefferson Middle School, and Jefferson High School.
Does this multi-family home have parking?
Yes, there are 2 parking spaces available for 7120 W 16th Place.
What are the annual taxes for 7120 W 16th Place?
Annual taxes for this multi-family home are estimated at $5,454.
What is the square footage on this multi-family home?
According to the MLS, this listing is 2,850 sqft.
7120 W 16th Place is a 8-bedroom, 4-bath multi-family home for sale in Lakewood CO 80214. Listed on Prevu for 37 days at $925,000. This includes a recent price decrease of $25,000. This home features 2,850 square feet of living space, located in Northeast Lakewood. The median listing price for multi-family homes in this area is $355,000. Nearby schools include Lumberg Elementary School, Jefferson Middle School, and Jefferson High School. The home offers private outdoor space, dishwasher, parking, and washer/dryer. Browse more multi-family home listings in Lakewood.
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