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$1,249,000 New to Website
Property Description
Awesome covered-land play opportunity! This exceptional corner lot offers a fantastic development opportunity on a 9,370-square-foot site with U-RH-3A zoning, ideally located just one block from the coveted Sloan's Lake Park. The existing units benefit from strong rental demand, quick leasing, and phenomenal tenant retention, making this an attractive opportunity for both immediate income and future development potential. Adding to the appeal, the City of Denver plans to invest $50 million in improvements to Sloan's Lake, including shoreline restoration and water-quality improvements. These significant enhancements are expected to further improve the surrounding area and enhance the long-term appeal of the property. Immediate income upside: Two family members currently occupy two of the units at below-market rents. Bringing both units to market rents supports an estimated 4.5% cap rate. The family member occupying the two-bedroom unit is vacating by the end of October, creating an opportunity to increase annual rental income by more than $7,500. The family member residing at 1591 Utica is currently on a 30-day notice at a discounted rental rate. Bringing this unit to market rent could increase annual income by more than $9,000. With strong existing rental performance, significant near-term income upside, desirable zoning, and a prime location near Sloan's Lake, this property presents an excellent combination of current cash flow and future development potential. Showing Instructions: Listing agent Will McKinlay must be present for all showings. Please provide tenants with at least 24 hours' notice prior to any showing.
Full Property Details
Full Property Details for 4500 W 16th Ave
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General
- Price: $1,249,000
- Taxes: $5,745 (2025)
- Status: Active
- Type: Multi-Family
- Source: MetroList_Colorado
- MLS ID: 4673068
- Updated: 9/10/2026
- Added to Site: 1 day(s) ago
Interior
- Interior Features: Butcher Counters, Ceiling Fan(s), Pantry, Smoke Free
- Appliances: Cooktop, Disposal, Dryer, Microwave, Oven, Refrigerator, Washer
- Flooring: Tile, Wood
Rooms
Bathrooms
- Total Bathrooms: 4
Bedrooms
- Total Bedrooms: 5
Other Rooms
- Laundry: In Unit, Multiple Locations
Additional Information
- Security/Safety: Carbon Monoxide Detector(s), Smoke Detector(s)
Exterior
- Exterior Features: Fire Pit, Garden, Gas Grill, Private Yard, Rain Gutters
- Porch/Patio/Deck: Covered, Patio
Parking
- Carports: Yes
- Carport Spaces: 2
- Total Spaces: 4
- Parking Features: Concrete, Storage
Location
- County: Denver
- Subdivision: Sloan's Lake
- Direction Faces: North
- Dist. to Public Trans.: 1 Blocks
School Information
- Elem School District: Denver 1
- Midd School District: Denver 1
- High School District: Denver 1
- Elementary School: Colfax
- Middle School: Strive Lake
- High School: North
Community
- Pets Allowed: Yes
Heating & Cooling
- Cooling Type: None
- Heating Type: Forced Air
Utilities
- Gas: Yes
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Connected, Internet Access (Wired), Natural Gas Connected, Phone Connected
Structural Information
- Architectural Style: Traditional
- Structure Type: Quadruplex
- Construction: Brick, Frame
- Basement Desc.: Crawl Space
- Roof: Composition
- Common Walls: 2+ Common Walls
- Square Feet: 3,613
- Sq. Ft. Source: Public Records
- Living Area: 3,613 Sq. Ft.
- Year Built: 1954
Lot Features
- Property View: Lake
- Lot Size (Acres): 0.22
- Lot Size (Sq. Ft.): 9,370
- Road Maintenance: Public Maintained Road
- Fence: Yes
- Lot Features: Corner Lot, Landscaped, Level, Near Public Transit, Sprinklers In Front, Sprinklers In Rear
- Zoning: U-RH-3A
- Fencing (Description): Partial
Water Features
- Water View: Yes
Financial Considerations
- Operating Expenses: Personal Property Tax, Utilities
- Tax Amount: $5,745
- Tax Year: 2025
- Terms: Cash, Conventional, Jumbo
- Owner Pays: Exterior Maintenance, Grounds Care, Insurance, Taxes, Trash Collection, Water
- Tenant Pays: Cable TV, Electricity, Gas, Internet, Telephone
Disclosures and Reports
- Ownership: Corporation/Trust
- Special Conditions: None
- Documents Avail.: Leases
- Legal Description: L 44 TO 46 INC BLK 18 SLOAN LAKE SUB(AKA SLOANE LAKE SUB BLOCKS 18, 19 & PT 17)
- Exclusions: Tenant personal property
- Property ID: 2313-12-014
Listed by Capital Property Group LLC
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Schools
Schools serving 4500 W 16th Ave
School District:Denver County School District 1
| Name | Grades | Distance |
|---|---|---|
Colfax Elementary School 1526 Tennyson Street, Denver, CO 80204 | K-5 | 0.1 mi |
Strive Prep - Lake Campus 1820 Lowell Boulevard, Denver, CO 80204 | 6-8 | 0.7 mi |
Lake Middle School 1820 Lowell Boulevard, Denver, CO 80204 | 6-8 | 0.7 mi |
North High School 2960 North Speer Boulevard, Denver, CO 80211 | 9-12 | 1.7 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Tax History
Tax History for 4500 W 16th Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,745
-32%
$75,100
-30%
2024
$8,475
2%
$107,000
—
2023
$8,291
63%
$107,000
65%
2021
$5,101
—
$65,010
-5%
2021
$5,101
5%
$68,360
4%
2020
$4,866
3%
$65,580
—
2019
$4,729
13%
$65,580
21%
2018
$4,178
—
$54,000
—
2017
$4,165
30%
$54,000
37%
2016
$3,210
4%
$39,360
—
2015
$3,075
45%
$39,360
54%
2014
$2,125
—
$25,590
—
2013
$2,126
—
$25,590
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 4500 W 16th Ave
4500 W 16th Avenue, Denver, CO 80204 (MLS# 4673068) is a Multi-Family property with units containing 5 bedrooms and 0 full bathrooms. 4500 W 16th Avenue is currently listed for $1,249,000 and was received on September 10, 2026. Want to learn more about 4500 W 16th Avenue? Do you have questions about finding other Multi-Family real estate for sale in Five Points? You can browse all Five Points real estate or contact a Coldwell Banker agent to request more information.
