11-Unit Apartment
New
For Sale
$1,825,000
830 Dexter, Denver, CO 80220
A varied bedroom mix, on-site parking, and recent building-system upgrades define this Denver rental property.
Property Size6,512 SF
Lot Size0.15 Acres
Price / SF$280.25
Days on Market2
Property Features for 830 Dexter
General Information
Standard status
Active
Size
6,512 SF
Total Parking Spaces
6
Lot size
0.15 Acres
Property subtype
Commercial
Site & Location
Neighborhood
Hale
Road Access
Yes
Units
Unit Mix
10 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
11
Taxes and HOA fees
Annual Taxes
$11,017
Amenities
keyless entry systems
washer/dryer units
Building Details
Year Built
1956
Listing Agency:
PINNACLE REAL ESTATE ADVISORS
(303) 962-9555
Listed By:
JIM KNOWLTON · License #100032419
(719) 651-8495
Source:
Corcoran
Added: Oct 30
Last Checked: Oct 30 at 2:24PM
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 PINNACLE REAL ESTATE ADVISORS
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Investment Insights
Based on property information with market context.
Built in 1956, this 11-unit apartment property at 830 Dexter Street contains 10 one-bedroom, one-bathroom apartments and one two-bedroom, one-bathroom apartment. The building totals 6,512 SF on a 6,350 SF lot and has six surface parking spaces. Improvements include newer windows, a newer boiler, a new boiler pump and expansion tank, a new hot water heater, new washer and dryer units, and keyless entry at both entrances.
The property is three blocks from the 9+CO redevelopment and has access to Colorado Boulevard and E. 6th Avenue. Rose Medical Center is nearby, and Cherry Creek is approximately 1.5 miles away. A 26-acre mixed-use development by Continuum Partners is within half a mile and walking distance; its planned components include approximately 1,100 apartments, condominiums, and townhomes, 40–50 shops and restaurants, 150,000 SF of office space, parks, and plazas.
The property is three blocks from the 9+CO redevelopment and has access to Colorado Boulevard and E. 6th Avenue. Rose Medical Center is nearby, and Cherry Creek is approximately 1.5 miles away. A 26-acre mixed-use development by Continuum Partners is within half a mile and walking distance; its planned components include approximately 1,100 apartments, condominiums, and townhomes, 40–50 shops and restaurants, 150,000 SF of office space, parks, and plazas.
Key Highlights
- 11 apartments: 10 one‑bedroom/one‑bathroom units and 1 two‑bedroom/one‑bathroom unit
- 6,512 SF building on a 6,350 SF lot
- 6 surface parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$98,876
Cap Rate
5.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,977,520
$2.0M
Cap Rate 7%
$1,412,514
$1.4M
Cap Rate 9%
$1,098,622
$1.1M
Market Conditions
NOI Build-Up for 6,512 SF
Gross rent
$191.5K $29.40/SF
− Vacancy
−$11.7K −$1.79/SF
EGI
$179.8K $27.61/SF
− OpEx
−$80.9K −$12.42/SF
NOI
$98.9K $15.18/SF
Area
Denver, CO
Vacancy
6.10%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,977,520
Cap Rate 7%
$1,412,514
Cap Rate 9%
$1,098,622
Alternative Uses
Best Use
Apartment 5plus
$1.41M
$1.24M – $1.65M
NOI $98,876 @ 7.0% cap · market cap 5.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.07M
$1.81M – $2.42M
NOI $145,110 @ 7.0% cap · market cap 7.95%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
11
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,865
Businesses Nearby
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Business Placement
Demographics for 80220, CO
37,233
Population
17,675
Households
2.1
Avg Household Size
37
Median Age
66%
College-Educated
94%
High-School Grad
5.2 sq mi
ZIP Area
7,160
Density / Sq Mi
$101,961
Median Household Income
$61,568
Median Earnings
$1,621
Median Rent
$739,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - A varied bedroom mix, on-site parking, and recent building-system upgrades define this Denver rental property.
Where is this apartment building located?
The property is located at 830 Dexter Denver, CO.
What is the asking price?
The asking price for this property is $1,825,000.
What are key features of this property?
This property features: 11 apartments: 10 one‑bedroom/one‑bathroom units and 1 two‑bedroom/one‑bathroom unit; 6,512 SF building on a 6,350 SF lot; 6 surface parking spaces
