1380 W Mississippi Ave, Denver, CO 80223
24-unit multifamily with recent windows, roof, electrical upgrades, and exterior improvements for practical, ongoing operations.
- Added:
- Jun 3, 2026
- Days on Market:
- 7
- Last Refresh:
- Jun 6 at 5:45 am
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 agent Brandon Kaufman License #FA100071442
Listing office Kaufman Hagan Commercial Real Estate (650) 740-9570
Listing date Jun 3, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Kaufman Hagan Commercial Real Estate
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.
- Exterior and parking upgrades include refinished parking lot and new perimeter fencing.
- Located within blocks of Overland Golf Course, the South Platte River trail system, and the South Broadway retail corridor.
- Approx. 1 mile west of Denver Summit FC’s Santa Fe Yards stadium (scheduled to deliver in 2028) and about 3 miles south of Burnham Yard (Broncos’ proposed stadium and 100+ acre mixed‑use district targeting a 2031 opening).
Overview
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.
Local 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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Denver
- County
- Arapahoe
- State
- Colorado
- Longitude
- -105.0034961
- Latitude
- 39.6963902
