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30-Unit Apartment Community
New
For Sale
$4,500,000

980 S Dexter St, Denver, CO 80246

Flexible-term leasing includes furniture, utilities, and parking in roughly two-thirds of the apartments.

Property SizeContact for details
Days on Market7

Property Features for 980 S Dexter St

General Information

Standard status Active
Property subtype Residential Income
Zoning MX-8

Additional Details

Multifamily Units 30

Taxes and HOA fees

Annual Taxes $22,340

Building Details

Year Built 1974
Listing Agency: Folsom & Co. Real Estate
Listed By: Andy Hawk
Source: Exprealty
Added: Oct 12 Changed: Oct 16 Last Checked: Oct 16 at 8:11AM

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 Folsom & Co. Real Estate

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Investment Insights

Based on property information with market context.

This 30-unit apartment community was built in 1974 and spans two adjoining parcels at 970 and 980 S. Dexter Street. Roughly two-thirds of the apartments include furniture, utilities, and/or parking as part of the base rent, supporting a flexible-term leasing model. The property has received updates during the ownership period.

The 970 S. Dexter Street parcel provides surface parking and site infrastructure. Both parcels are zoned MX-8, and Denver adopted a rezoning in 2024 that introduced Suburban Mixed Use districts along major corridors. The property’s walk score is 55, bike score is 87, and transit score is 35.

Key Highlights

  • 30‑unit multifamily community
  • Two adjoining parcels at 970 and 980 S. Dexter Street
  • Built in 1974

Property Analytics

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Current Use

Wheelhouse Apartments Apartment Building

Suggested Use

Top Pick Grocery & Convenience Store (Bike/Boat/Book/etc) Store Butcher Electrical Service Parking Lot & Garage Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

30
Residential units

Location Intelligence

Trade Area within ½ mile

3,612
Businesses Nearby

Demographics for 80246, CO

13,265
Population
8,148
Households
1.6
Avg Household Size
32
Median Age
59%
College-Educated
96%
High-School Grad
1.7 sq mi
ZIP Area
7,803
Density / Sq Mi
$66,503
Median Household Income
$47,870
Median Earnings
$1,661
Median Rent
$659,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Flexible-term leasing includes furniture, utilities, and parking in roughly two-thirds of the apartments.
Where is this apartment building located?
The property is located at 980 S Dexter St Denver, CO.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: 30‑unit multifamily community; Two adjoining parcels at 970 and 980 S. Dexter Street; Built in 1974
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