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8 Beds
4 Baths
2,850 sqft

$875,000

7120 W 16th Pl, Lakewood CO, 80214

Price per sqft$307.02
Built in1954
Property size2,850 sqft
Property typeResidential
Courtesy of West and Main Homes Inc, Scot Conti Listing Contact: [email protected],303-725-3786

Overview

Active

Listed Mar 25, 2026

Updated 11 days ago

Rare investment opportunity in Lakewood's Grand View Acres! This 1954-built brick quadplex features four 2BD/1BA units with two 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. All four units were updated in 2026, including new carpet, vinyl flooring, and fresh paint in three 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!

$5,821/mo

Est. mortgage payment based on a $875,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
4082967

Interior Features

Bedrooms
8
Bathrooms
4
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.29 Acres

Other Property Details

Taxes
$5,454
Tax Frequency
Annually
Garage
Yes
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Listings courtesy of Information and Real Estate Services, LLC (IRES) as distributed by MLS GRID

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Based on information submitted to the MLS GRID as of 3:14 AM UTC on 9/30/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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