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4500 W 16th Ave, Denver, CO 80204

Denver
Local realty services provided by:CENTURY 21 Cornerstone
4500 W 16th Ave,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 llc303-502-7333
MLS#:4673068
Source:IRES

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
  • Added:45 day(s) ago
  • Updated:October 26, 2026 at 08:23 AM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:4
  • Kitchen Description:Disposal, Gas Bar-B-Q, Microwave, Pantry, Refrigerator
  • Basement Description:Crawl Space
  • Living area:3,613 sq. ft.

Heating and cooling

  • Cooling:Ceiling Fan(s)
  • Heating:Forced Air

Structure and exterior

  • Roof:Composition
  • Year built:1954
  • Building area:3,613 sq. ft.
  • Lot area:0.22 Acres
  • Lot Features:Corner Lot, Gutters, House Faces North, Level
  • Construction Materials:Brick, Frame
  • Exterior Features:Patio, Sprinkler System
  • 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

  • Appliances:Disposal, Dryer, Fire Alarm, Gas Bar-B-Q, Microwave, Refrigerator, Washer
  • Laundry features:Dryer, Washer
  • Amenities:Pantry

Parking

  • Garage spaces:2
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