4500 W 16th, Denver, CO 80204

Denver
Local realty services provided by:Better Homes and Gardens Real Estate Kenney & Company
4500 W 16th,Denver, CO 80204
$1,249,000
  • 5 Beds
  • 4 Baths
  • 3,613 sq. ft.
  • Multi-family
  • Pending
Listed by: will mckinlay
Office: capital property group llc.
MLS#:4673068
Source:ML

Price summary

  • Price:$1,249,000
  • Price per sq. ft.:$345.7

About this home

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,...

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Home facts

  • Year built:1954
  • Subdivision & Development:Sloan's Lake
  • Listing ID #:4673068

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:4
  • Flooring:Tile, Wood
  • Kitchen Description:Butcher Counters, Cooktop, Disposal, Microwave, Oven, Pantry, Refrigerator
  • Basement Description:Crawl Space
  • Living area:3,613 sq. ft.

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Roof:Composition
  • Year built:1954
  • Building area:3,613 sq. ft.
  • Lot Features:Corner, Landscaped, Level, Near Public Transit, Sprinklers In Front, Sprinklers In Rear
  • Architectural Style:Traditional
  • Construction Materials:Brick, Frame
  • Exterior Features:Covered, Fire Pit, Garden, Gas Grill, Patio, Private Yard, Rain Gutters
  • Levels:2 Story

Schools

  • High school:North
  • Middle school:Strive Lake
  • Elementary school:Colfax

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,249,000
  • Price per sq. ft.:$345.7
  • Tax amount:$5,745

Features and amenities

  • Laundry features:Dryer, In Unit, Washer

Parking

  • Carport spaces:2
MLS LogoBased on information submitted to the MLS GRID as of October 27, 2026 08:37 AM. 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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