About 7120 W 16th Place
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!
Features of 7120 W 16th Place
| MLS® # | 4082967 |
|---|---|
| Price | $900,000 |
| Bedrooms | 8 |
| Bathrooms | 4.00 |
| Square Footage | 2,850 |
| Acres | 0.29 |
| Year Built | 1954 |
| Type | Residential Income |
| Sub-Type | Quadruplex |
| Style | Contemporary |
| Status | Active |
Community Information
| Address | 7120 W 16th Place |
|---|---|
| Subdivision | Grand View Acres |
| City | Lakewood |
| County | Jefferson |
| State | CO |
| Zip Code | 80214 |
Amenities
| Utilities | Cable Available, Electricity Connected, Internet Access (Wired), Natural Gas Connected, Phone Connected |
|---|---|
| Parking Spaces | 4 |
| Parking | Gravel |
| # of Garages | 2 |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | Laminate Counters, No Stairs |
|---|---|
| Appliances | Dishwasher, Disposal, Dryer, Gas Water Heater, Range Hood, Refrigerator, Self Cleaning Oven |
| Heating | Forced Air, Natural Gas |
| Cooling | None |
| Fireplace | No |
| Stories | Multi/Split |
| Basement | Bath/Stubbed, Daylight, Exterior Entry, Finished, Walk-Out Access |
Exterior
| Exterior Features | Private Yard |
|---|---|
| Roof | Shingle |
| Foundation | Concrete Perimeter, Slab |
| Fencing | Full |
School Information
| District | Jefferson County R-1 |
|---|---|
| Elementary | Lumberg |
| Middle | Jefferson |
| High | Jefferson |
Additional Information
| Date Listed | March 25th, 2026 |
|---|---|
| Zoning | MGU |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | West and Main Homes Inc |
|---|---|
| Contact Info | scot.conti@westandmain.com,303-725-3786 |
| Contact | scot.conti@westandmain.com,303-725-3786 |