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7120 W 16th Place, Lakewood CO 80214
7120 W 16th Place, Lakewood CO 80214
Colorado>Lakewood>Northeast Lakewood

7120 W 16th PlaceLakewood, CO 80214

For Sale

$900,000

Smart Buyer Rebate $9,000

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!

Listed by Scot Conti

·

License #55056192

·

West and Main Homes Inc

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303-725-3786

Last updated July 09, 2026

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Source: REcolorado #4082967

Listing Facts

  • TypeMulti-family
  • NeighborhoodNortheast Lakewood
  • Bedrooms8
  • Bathrooms4
  • Days on Prevu174
  • Taxes$5,454/year
  • Size2,850 sqft
  • Price per sqft$316

Amenities

  • Dishwasher
  • Private Outdoor Space
  • Washer/Dryer
  • Parking

Location

Mortgage Calculator

Listing History

07/09/2026
Price Decreased
$900,000
04/14/2026
Price Decreased
$925,000
03/25/2026
Listed by West and Main Homes Inc
$950,000
  1. 07/09/2026$900,000
    Price Decreased
  2. 04/14/2026$925,000
    Price Decreased
  3. 03/25/2026$950,000
    Listed by West and Main Homes Inc

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: 6.56
  • 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
  • Flooring: Carpet, Tile, Vinyl
  • Interior Features: Laminate Counters, No Stairs

Measurements

  • Living Area: 2,850

Rooms

  • Basement: Bath/Stubbed, Daylight, Exterior Entry, Finished, Walk-Out Access
  • Has Basement: Yes
  • Bathrooms Total Integer: 4
  • Bedrooms Total: 8

Other

General

  • Exclusions: TENANTS PERSONAL PROPERTY

Location

  • Subdivision Name: Grand View Acres

Parking

Parking

  • Attached Garage: Yes
  • Garage Spaces: 2
  • Parking Features: Gravel
  • Parking Total: 4

Schools

Elementary School

  • Elementary School: Lumberg
  • Elementary School District: Jefferson County R-1

High School

  • High School: Jefferson
  • High School District: Jefferson County R-1

Middle or Junior School

  • Middle Or Junior School: Jefferson
  • 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.

How does 7120 W 16th Place compare to other multi-family homes in Northeast Lakewood?

This multi-family home is listed 0% below the average price for multi-family homes in Northeast Lakewood and has been on the market for 66 more days than the typical home in this area.

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. On Prevu for 174 days at $900,000. This includes a recent price decrease of $25,000. This residence features 2,850 square feet of living space, located in Northeast Lakewood. The median listing price for multi-family homes in this area is $550,000. Nearby schools include Lumberg Elementary School, Jefferson Middle School, and Jefferson High School. Property amenities include private outdoor space, dishwasher, parking, and washer/dryer. Explore more multi-family home listings in Lakewood.

The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange ("IDX") program of METROLIST, INC., DBA RECOLORADO® Real estate listings held by brokers other than Prevu are marked with the IDX Logo. This information is being provided for the consumers' personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.