1982 Vintage Multifamily
1380 W Mississippi Ave Denver, CO 80223
For Sale
Contact for pricing
24-unit multifamily with recent windows, roof, electrical upgrades, and exterior improvements for practical, ongoing operations.
Property Size16,067 SF
Price / SF$231.53
Days on Market52
Property Features for 1380 W Mississippi Ave
General Information
- Standard status
- Active
- Size
- 16,067 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1982
Listing Agency:
Kaufman Hagan Commercial Real Estate
(650) 740-9570
Listed By:
Brandon Kaufman · License #FA100071442
Source:
Crexi
Added: Jun 3
Changed: Jul 10
Last Checked: Jul 21 at 7:34AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kaufman Hagan Commercial Real Estate
Investment Insights
Based on property information with market context.
The Riverpoint is a 24-unit multifamily property built in 1982. The unit mix includes 17 one-bedroom apartments and 7 two-bedroom apartments, set within a thoughtfully maintained 1982 building. Ownership has already completed upgrades across major systems and key exterior components, including new windows, a newer roof, upgraded electrical panels, a refinished parking lot, new perimeter fencing, and rebuilt exterior stairs.
Located in Denver’s Ruby Hill submarket at 1380 W Mississippi Avenue, the property is within blocks of Overland Golf Course, the South Platte River trail system, and the South Broadway retail corridor. The Riverpoint is approximately one mile west of Denver Summit FC’s new Santa Fe Yards stadium, scheduled to deliver in 2028, and roughly three miles south of Burnham Yard, the Broncos’ proposed site for a new stadium and 100+ acre mixed-use district targeting a 2031 opening. The property also sits within the boundaries of Denver’s Southwest Area Plan, adopted by City Council in March 2026 to guide public investment in housing, mobility, parks, the South Platte River corridor, and the Federal Boulevard commercial spine.
For investors and operators, the Riverpoint’s mix of one- and two-bedroom apartments can support a range of resident needs, while the completed improvements to windows, roof, electrical, and exterior infrastructure help reduce near-term capital exposure compared with properties that have not received these upgrades. The remaining unrenovated portion of the units provides a straightforward interior path for continued value creation.
Located in Denver’s Ruby Hill submarket at 1380 W Mississippi Avenue, the property is within blocks of Overland Golf Course, the South Platte River trail system, and the South Broadway retail corridor. The Riverpoint is approximately one mile west of Denver Summit FC’s new Santa Fe Yards stadium, scheduled to deliver in 2028, and roughly three miles south of Burnham Yard, the Broncos’ proposed site for a new stadium and 100+ acre mixed-use district targeting a 2031 opening. The property also sits within the boundaries of Denver’s Southwest Area Plan, adopted by City Council in March 2026 to guide public investment in housing, mobility, parks, the South Platte River corridor, and the Federal Boulevard commercial spine.
For investors and operators, the Riverpoint’s mix of one- and two-bedroom apartments can support a range of resident needs, while the completed improvements to windows, roof, electrical, and exterior infrastructure help reduce near-term capital exposure compared with properties that have not received these upgrades. The remaining unrenovated portion of the units provides a straightforward interior path for continued value creation.
Key Highlights
- 24‑unit multifamily property built in 1982 at 1380 W Mississippi Avenue (Denver’s Ruby Hill submarket).
- Unit mix: 17 one‑bedroom and 7 two‑bedroom apartments.
- Capital improvements include new windows, a newer roof, upgraded electrical panels, and rebuilt exterior stairs.
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $472.4k | $29.40 |
| − Vacancy | −$28.8k | −$1.79 |
| EGI | $443.6k | $27.61 |
| − OpEx | −$199.6k | −$12.42 |
| NOI | $244.0k | $15.18 |
16,067 SF · lease $29.40/SF/yr · vacancy 6.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$3.49M
$3.05M – $4.07M
NOI $243,955 @ 7.0% cap · market cap 6.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.11M
$4.48M – $5.97M
NOI $358,029 @ 7.0% cap · market cap 9.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
MOD Prop - 1380 ...
Apartment Building
FAQs
What type of property is this?
Apartment building - 24-unit multifamily with recent windows, roof, electrical upgrades, and exterior improvements for practical, ongoing operations.
Where is this apartment building located?
The property is located at 1380 W Mississippi Ave Denver, CO.
What is the asking price?
The asking price for this property is $3,720,000.
What are key features of this property?
This property features: 24‑unit multifamily property built in 1982 at 1380 W Mississippi Avenue (Denver’s Ruby Hill submarket).; Unit mix: 17 one‑bedroom and 7 two‑bedroom apartments.; Capital improvements include new windows, a newer roof, upgraded electrical panels, and rebuilt exterior stairs.
