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Hot
Street View
$1,249,000
Monthly Est:$6,217
5 Beds
4 Baths
3,613sqft
4500 W 16th Avenue, Denver, CO 80204
$1,249,000
$6,217/moEst:
Get Pre-Approved
Quadruplex
Built in 1954
$-- HOA
9,370 sqft lot
$346/sq.ft
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 below market, with a lease ending July '27.
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.
- Houzeo last checked: 10 hours ago
- Listing updated: October 5, 2026 at 7:46 pm
- Listing Provided by: Will McKinlay (303) 514-7412 | Capital Property Group LLC (303) 502-7333
- Source: DENVER (RE COLORADO) MLS-CO | MLS#: 4673068
Property Details
Status
Active
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
Year Built
1954
HOA Fees
-
Finished Area
3,613 sqft
Lot Size
9,370 sqft lot
Basement Area
- sqft
MLS Name
DENVER (RE COLORADO) MLS
MLS Number
4673068
MLS Status
Active
Days on Market
29
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 5
Bathrooms: 4
Interior
Heating
Forced Air
Appliances
Cooktop, Disposal, Dryer, Microwave, Oven, Refrigerator, Washer
Interior Features
Butcher Counters, Ceiling Fan(s), Pantry, Smoke Free
Flooring
Tile, Wood
Cooling
None
Exterior Features
Fire Pit, Garden, Gas Grill, Private Yard, Rain Gutters
Sewer
Public Sewer
Construction
Year Built
Year Built: 1954
Home type
Quadruplex
Construction Materials
Brick, Frame
Architectural Style
Traditional
Roof
Composition
Utilities & Energy
Parking Features
Concrete, Storage
Security Features
Carbon Monoxide Detector(s), Smoke Detector(s)
Basement
Crawl Space
Utilities
Electricity Connected, Internet Access (wired), Natural Gas Connected, Phone Connected
Water Source
Public
Laundry Features
In Unit, Multiple Locations
Electric
220 Volts
Other Features
Patio And Porch Features
Covered, Patio
Tenant Pays
Cable Tv, Electricity, Gas, Internet, Telephone
Subdivision Name
Sloan's Lake
Lot Features
Corner Lot, Landscaped, Level, Near Public Transit, Sprinklers In Front, Sprinklers In Rear
Price History
| Date | Event | Price |
|---|---|---|
10/05/2026 Source: | Listed for Sale | $1,249,000 $346/sqft |
10/03/2026 Source: | Contingent (Active Under Contract) | $1,249,000 $346/sqft |
West Colfax Ranks #62 in Denver, CO
Homes
Rental Prices
Median Home Price
Getting Around 4500 W 16th Avenue
Bike Score®
Biker's Paradise
96/100
Walk Score®
Very Walkable
78/100
Transit Score®
Some Transit
47/100
Data provided by Redfin
Nearby Homes
Find Homes by Property Features in Denver, CO
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