Date
Details
Price
Change
Source
12/14/2020
Sold
$800,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/42
$950,000 New to Website
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1/42
Property Description
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!
Full Property Details
Full Property Details for 7120 W 16th Pl
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General
- Price: $950,000
- Taxes: $5,454 (2025)
- Status: Active
- Type: Multi-Family
- Source: MetroList_Colorado
- MLS ID: 4082967
- Updated: 3/25/2026
- Added to Site: 7 day(s) ago
Interior
- Interior Features: Laminate Counters, No Stairs
- Appliances: Dishwasher, Disposal, Dryer, Gas Water Heater, Range Hood, Refrigerator, Self Cleaning Oven
- Flooring: Carpet, Tile, Vinyl
Rooms
Bathrooms
- Total Bathrooms: 4
Bedrooms
- Total Bedrooms: 8
Other Rooms
- Laundry: Common Area, In Basement
Additional Information
- Security/Safety: Carbon Monoxide Detector(s), Smoke Detector(s)
Exterior
- Exterior Features: Private Yard
- Porch/Patio/Deck: Covered, Deck, Front Porch
Parking
- Garage: Yes
- Garage Spaces: 2
- Total Spaces: 4
- Parking Features: Gravel
Location
- County: Jefferson
- Subdivision: Grand View Acres
- Dist. to Public Trans.: 2 Blocks
School Information
- Elem School District: Jefferson County R-1
- Midd School District: Jefferson County R-1
- High School District: Jefferson County R-1
- Elementary School: Lumberg
- Middle School: Jefferson
- High School: Jefferson
Community
- Pets Allowed: Yes
Heating & Cooling
- Cooling Type: None
- Heating Type: Forced Air, Natural Gas
Utilities
- Gas: Yes
- Sewer: Public Sewer
- Water: Public
- Utility Description: Cable Available, Electricity Connected, Internet Access (Wired), Natural Gas Connected, Phone Connected
Structural Information
- Architectural Style: Contemporary
- Structure Type: Quadruplex
- Construction: Block, Brick
- Basement: Yes
- Basement Desc.: Bath/Stubbed, Daylight, Exterior Entry, Finished, Walk-Out Access
- Roof: Shingle
- Entry Location: Exterior Access
- Square Feet: 2,900
- Sq. Ft. Source: Public Records
- Living Area: 2,850 Sq. Ft.
- Year Built: 1954
- Property Condition: Updated/Remodeled
Lot Features
- Lot Size (Acres): 0.29
- Lot Size (Sq. Ft.): 12,601
- Road Maintenance: Public Maintained Road
- Fence: Yes
- Zoning: MGU
- Fencing (Description): Full
Financial Considerations
- Operating Expenses: Insurance, Real Estate Tax, Utilities
- Tax Amount: $5,454
- Tax Year: 2025
- Terms: 1031 Exchange, Cash, Conventional
- Owner Pays: Electricity, Exterior Maintenance, Gas, Insurance, Taxes, Trash Collection, Water
- Tenant Pays: Cable TV, Electricity, Gas, Internet, Telephone
Disclosures and Reports
- Ownership: Individual
- Special Conditions: None
- Legal Description: SECTION 35 TOWNSHIP 03 RANGE 69 QTR SE SUBDIVISIONCD 294200 SUBDIVISIONNAME GRANDVIEW ACRES BLOCK 004 LOT SIZE: 12601 TRACT 009 VALUE: .289
- Exclusions: TENANTS PERSONAL PROPERTY
- Property ID: 52371
Listed by West and Main Homes Inc
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Listing agent
— 7120 W 16th Pl —
West and Main Homes Inc
scot.conti@westandmain.com,303-725-3786
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Schools
Schools serving 7120 W 16th Pl
School District:Jefferson County School District R-1
| Name | Grades | Distance |
|---|---|---|
Lumberg Elementary School 6705 West 22nd Avenue, Edgewater, CO 80214 | PK-6 | 0.5 mi |
Jefferson High School 2305 Pierce Street, Edgewater, CO 80214 | 7-12 | 0.5 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 7120 W 16th Pl
Tax History
Tax History for 7120 W 16th Pl
Year
Property Taxes
Change
Tax Assessment
Change
2024
$4,293
1%
$47,353
—
2023
$4,271
19%
$47,353
20%
2021
$3,590
4%
$39,468
5%
2022
$3,463
-4%
$37,536
9%
2021
$3,590
17%
$34,320
—
2019
$3,068
15%
$34,320
19%
2018
$2,662
14%
$28,800
—
2017
$2,339
9%
$28,800
17%
2016
$2,137
-1%
$24,548
—
2015
$2,158
3%
$24,548
11%
2014
$2,097
—
$22,065
—
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 7120 W 16th Pl
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7120 W 16th Place, Lakewood, CO 80214 (MLS# 4082967) is a Multi-Family property with units containing 8 bedrooms and 0 full bathrooms. 7120 W 16th Place is currently listed for $950,000 and was received on March 25, 2026. Want to learn more about 7120 W 16th Place? Do you have questions about finding other Multi-Family real estate for sale in Lakewood? You can browse all Lakewood real estate or contact a Coldwell Banker agent to request more information.