BEDS8
BATHS4
SQUARE FEET2,900
MLS#4082967
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONGrand View Acres
SCHOOLJefferson County R-1
Listing Courtesy of:
West and Main Homes Inc
Agency Contact: scot.conti@westandmain.com,303-725-3786
Property Description
Rare investment opportunity in Lakewoods 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!
Property Features
Property Type: Multi Unit - Multiple
Basement: Bath/Stubbed, Daylight, Exterior Entry, Finished, Walk-Out Access
Cooling: None
Garage: 2 car attached
Heating: Forced Air, Natural Gas
Home Style: Contemporary
Lot Size: 0.29 Acres
Roof Type: Shingle
Taxes: $5,454
Year Built: 1954
Amenities
Laminate Counters
No Stairs
Private Yard
Feature Descriptions
Appliances: Dishwasher, Disposal, Dryer, Gas Water Heater, Range Hood, Refrigerator, Self Cleaning Oven
Baths Total: 4
Days on Site: 8
Exclusions: TENANTS PERSONAL PROPERTY
Exterior: Block, Brick
Fencing: Full
Flooring: Carpet, Tile, Vinyl
Laundry: Common Area, In Basement
Parcel#: 052371
Parking: Gravel
Parking Notes: Gravel
Patio/Porch: Covered, Deck, Front Porch
Security: Carbon Monoxide Detector(s), Smoke Detector(s)
Sewer: Public Sewer
Utilities: Cable Available, Electricity Connected, Internet Access (Wired), Natural Gas Connected, Phone Connected
Water: Public
Local Schools
High School: Jefferson
Middle School: Jefferson
Elementary School: Lumberg
School District: Jefferson County R-1
Listed By / Shown By
Listed By
Agency Name: West and Main Homes Inc
Agency Contact: scot.conti@westandmain.com,303-725-3786
Shown By
Agent Name: Kelly Sheffield
Agent Phone: (719) 322-5725
Agency Title: The Cutting Edge, Realtors
Estimate Your Payment
Estimated Payment
$ 5,411.03 per month $4,679.45 Principal & Interest $454.50 Property Tax $277.08 Homeowner's InsuranceChange Payment Information
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7120 W 16th Place | MLS# 4082967
This multi-family property located at 7120 W 16th Place, Lakewood, CO 80214 is currently listed for sale with an asking price of $950,000. W 16th Place is located within the Jefferson County R-1 school district. Search Lakewood real estate on www.olympiccityproperties.com today.