7120 W 16th Pl

7120 W 16th Pl, Lakewood, CO 80214

$950,000

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!

8
beds

4
baths

2,850 Sq.Ft. LIVING AREA

0.29 Acres lot

Scot Conti

title Real Estate Agent | Broker Associate
PHONE (303) 725-3786
EMAIL [email protected]
DRE # FA.100092023

Features & Amenities

Interior

total bedrooms8
Total bathrooms4
APPLIANCES Self Cleaning Oven, Dishwasher, Refrigerator, Dryer, Disposal, Fire Alarm

Area & Lot

Status For Sale
Living Area2,850 Sq.Ft.
Total Area2,900 Sq.Ft.
Lot Area0.29 Acres
MLS® ID4082967
TypeResidential
YEAR BUILT1954
NeighborhoodLakewood
Architecture StylesContemporary
Elementary SchoolLumberg
Middle SchoolJefferson
High SchoolJefferson
School DistrictJefferson Dist R-1

Exterior

STORIES2
Garage Space2.0
water SourceCity
utilitiesNatural Gas Available, Electricity Available, Cable Available, Master Meter-Gas, Separate Meter Electricity
roofFiberglass
parkingAttached
HEAT TYPEForced Air
sewerPublic Sewer
Disability FeaturesNo Stairs

Financial

Sales Price$950,000
Real Estate Tax $5,454/yr
Zoning MGU

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