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Pending
    • $1,249,000

    4500 W 16th Avenue, Denver, CO 80204

    5beds
    4baths
    3,613sqft
    : 
    $7,985/mo
    Get pre-qualified
    Quadruplex
    Built in 1954
    -- sqft lot
    $-- Zestimate®
    $346/sqft
    $-- HOA

    What's special

    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.
    36 days
    286
    24

    Zillow last checked:

    Listing updated:

    Listed by:

    Will McKinlay wmckinlay@capitalpropgroup.com,

    Capital Property Group LLC

    Source: REcolorado as distributed by MLS GRID,MLS#: 4673068MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 4
      Heating
      • Forced Air
      Cooling
      • None
      Appliances
      • Included: Cooktop, Disposal, Dryer, Microwave, Oven, Refrigerator, Washer
      • Laundry: In Unit, Multiple Locations
      Features
      • Butcher Counters, Ceiling Fan(s), Pantry, Smoke Free
      • Flooring: Tile, Wood
      • Basement: Crawl Space
      • Common walls with other units/homes: 2+ Common Walls
      Interior area
      • Total structure area: 3,613
      • Total interior livable area: 3,613 sqft
      • Finished area above ground: 3,613

      Property

      Parking
      • Total spaces: 4
      • Parking features: Concrete, Storage
      • Carport spaces: 2
      • Details: Off Street Spaces: 2
      Features
      • Levels: Two
      • Stories: 2
      • Patio & porch: Covered, Patio
      • Exterior features: Fire Pit, Garden, Gas Grill, Private Yard, Rain Gutters
      • Fencing: Partial
      • Has view: Yes
      • View description: Lake
      • Has water view: Yes
      • Water view: Lake
      Lot
      • Size: 9,370 Square Feet
      • Features: Corner Lot, Landscaped, Level, Near Public Transit, Sprinklers In Front, Sprinklers In Rear
      Details
      • Parcel number: 231312014
      • Zoning: U-RH-3A
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Traditional
      • Property subtype: Quadruplex
      • Attached to another structure: Yes
      Materials
      • Brick, Frame
      • Roof: Composition
      Condition
      • Year built: 1954

      Utilities & green energy

      • Electric: 220 Volts
      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Electricity Connected, Internet Access (Wired), Natural Gas Connected, Phone Connected

      Community & HOA

      Community
      • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
      • Subdivision: Sloan'S Lake
      HOA
      • Has HOA: No
      Location
      • Region: Denver

      Financial & listing details

      • Price per square foot: $346/sqft
      • Tax assessed value: $1,065,200
      • Annual tax amount: $5,745
      • Date on market: 9/10/2026
      • Listing terms: Cash,Conventional,Jumbo
      • Exclusions: Tenant Personal Property
      • Ownership: Corporation/Trust
      • Tenant pays: Cable TV, Electricity, Gas, Internet, Telephone
      • Electric utility on property: Yes

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        10/13/2026Pending sale$1,249,000$346/sqft
        Source: REcolorado as distributed by MLS GRID #4673068 Report a problem
        10/5/2026Listed for sale$1,249,000$346/sqft
        Source: REcolorado as distributed by MLS GRID #4673068 Report a problem
        10/3/2026Pending sale$1,249,000$346/sqft
        Source: REcolorado as distributed by MLS GRID #4673068 Report a problem
        9/10/2026Listed for sale$1,249,000$346/sqft
        Source: REcolorado as distributed by MLS GRID #4673068 Report a problem
        1/13/2026Listing removed$1,265
        Source: Zillow Rentals Report a problem
        12/19/2025Price change$1,265-2.7%
        Source: Zillow Rentals Report a problem
        11/23/2025Price change$1,300-5.5%
        Source: Zillow Rentals Report a problem
        10/17/2025Price change$1,375-5.2%
        Source: Zillow Rentals Report a problem
        10/6/2025Listed for rent$1,450+1.4%
        Source: Zillow Rentals Report a problem
        8/9/2024Listing removed--
        Source: Zillow Rentals Report a problem
        7/14/2024Listed for rent$1,430
        Source: Zillow Rentals Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$8,475 +2.2%$75,100 -29.8%
        2024$8,291 +60.4%$107,000 -3.4%
        2023$5,170 +1.4%$110,740 +70.3%
        2022$5,101 +4.8%$65,010 -4.9%
        2021$4,866 +2.9%$68,360 +4.2%
        2020$4,729 +13.2%$65,587 -0.7%
        2019$4,178 $66,046 +22.3%
        2018$4,178 +0.3%$54,000
        2017$4,165 +35.5%$54,000 +37.2%
        2016$3,075 +44.7%$39,360
        2015$2,125 0%$39,360 +53.8%
        2014$2,126 $25,590
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: West Colfax

        Getting around

        79 / 100
        Very Walkable
        48 / 100
        Some Transit
        96 / 100
        Biker's Paradise

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Colfax
        • Middle: Strive Lake
        • High: North
        • District: Denver 1

        Source: REcolorado as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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