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(720) 432-8695
New Horizons Real Estate
7120 W 16th Pl, Lakewood, CO 80214
- $875,000
- 8
- BD
- 4
- BA
- 2,850
- SqFt
- List Price
- $875,000
- Status
- ACTIVE
- MLS#
- 4082967
- Price Change
- ▼ $25,000 1790639652
- Year Built
- 1954
- Bedrooms
- 8
- Bathrooms
- 4
- Living Area
- 2,850
- Region
- Metro Denver
- Subdivision
- Grand View Acres
Property Description
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!
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Additional Information
- Taxes
- $5,454
- Style
- Contemporary
- School District
- Jefferson Dist R-1
- Elementary School
- Lumberg
- Middle School
- Jefferson
- High School
- Jefferson
- Heating
- Forced Air
- Utilities
- Natural Gas Available, Electricity Available, Cable Available, Master Metered, Separate Meters
- Garage Spaces
- 2
- Tenant Pays
- Gas, Electricity
- Zoning
- MGU
Listing courtesy of Scot Conti.
scot.conti@westandmain.com,303-725-3786
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Listings courtesy of Information and Real Estate Services, LLC as distributed by MLS GRID. 
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker of 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. Some listings have been excluded from this website.