30-Unit Multifamily Apartment
New
For Sale
$4,500,000
980 S Dexter St, Denver, CO 80246
Residential Income, Denver, CO
Property Size19,262 SF
Lot Size0.32 Acres
Price / SF$233.62
Days on Market3
Property Features for 980 S Dexter St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
S-MX-8
Bedrooms
16
Bathrooms
30
Full bathrooms
30
Rooms
Bathroom 14, Bedroom 3, Bathroom 29, Bathroom 11, Bedroom 4, Bedroom 1, Bathroom 8, Bedroom 9, Bathroom 5, Bathroom 13, Bathroom 2, Bathroom 15, Bathroom 3, Basement, Bathroom 9, Bathroom 7, Bathroom 19, Bathroom 30, Bathroom 22, Bathroom 4, Bathroom 28, Bathroom 26, Bedroom 15, Bedroom 11, Bathroom 6, Bathroom 27, Bedroom 5, Bedroom 10, Bathroom 12, Bedroom 16, Bedroom 2, Bedroom 13, Bedroom 12, Bathroom 23, Bathroom 1, Bedroom 6, Bedroom 14, Bathroom 24, Bathroom 10, Bathroom 16, Bathroom 20, Bathroom 21, Bathroom 25, Bathroom 18, Bedroom 7, Bedroom 8, Bathroom 17
Parking
50
Window features
Window Coverings
Basement
Partial
Appliances
Electric Range, Dishwasher, Refrigerator, Washer, Dryer, Microwave, Some Appliances, Personal Property Inventory
Subdivision
Swandora Lane Sub
Lot features
Corner Lot, Level, House Faces South, House Faces East, House Faces West, City Limits, Paved, Curbs, Gutters, Sidewalks, Street Light, Fire Hydrant within 500 Feet
View
City
Elementary school
Ellis
Middle school
Merrill
High school
Washington, George
Elementary school district
Denver District 1
Middle school district
Denver District 1
High school district
Denver District 1
Directions
980 sits at the corner of S. Dahlia and E. Tennessee. The vacant lot 970 S. Dexter is included in this sale, and sits at the corner of S. Dexter and E. Tennessee.
Standard status
Active
APN
6183-03-015
Size
19,262 SF
Lot size
0.32 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
22340
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Baseboard
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1974
Floors in Building
2
Number of units
30
Building materials
Brick
Roof type
Rubber
Listing Agency:
Folsom & Co. Real Estate
(303) 499-9944
Listed By:
Andy Hawk
(303) 641-0695
Added: Oct 12
Changed: Oct 14
Last Checked: Oct 14 at 5:06PM
MLS# 1070446
Copyright © 2026 IRES MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 30-unit apartment property spans two adjoining parcels totaling 0.32 acres, with 19,262 square feet of building area. Constructed in 1974, the brick building has received updates during the current ownership period. Its leasing approach accommodates furnished and flexible-duration stays; roughly two-thirds of the apartments include furniture, utilities, and/or parking as part of base rent.
The second parcel, at 970 S. Dexter Street, currently provides surface parking and site infrastructure rather than income-producing improvements. Both parcels are offered together as one assemblage. The property is in Denver, and the building is served by public water and public sewer.
The second parcel, at 970 S. Dexter Street, currently provides surface parking and site infrastructure rather than income-producing improvements. Both parcels are offered together as one assemblage. The property is in Denver, and the building is served by public water and public sewer.
Key Highlights
- 30 apartments across two adjoining parcels
- 19,262 square feet of building area on 0.32 acres
- Built in 1974; brick construction with updates during current ownership
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$292,467
Cap Rate
6.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,849,340
$5.8M
Cap Rate 7%
$4,178,100
$4.2M
Cap Rate 9%
$3,249,633
$3.2M
Market Conditions
NOI Build-Up for 19,262 SF
Gross rent
$566.3K $29.40/SF
− Vacancy
−$34.5K −$1.79/SF
EGI
$531.8K $27.61/SF
− OpEx
−$239.3K −$12.42/SF
NOI
$292.5K $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%
$5,849,340
Cap Rate 7%
$4,178,100
Cap Rate 9%
$3,249,633
Alternative Uses
Best Use
Apartment 5plus
$4.18M
$3.66M – $4.87M
NOI $292,467 @ 7.0% cap · market cap 6.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.13M
$5.37M – $7.15M
NOI $429,225 @ 7.0% cap · market cap 9.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
30
Residential units
Location Intelligence
Trade Area within ½ mile
3,612
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Furnished, flexible-term leasing includes furniture, utilities, and/or 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 apartments across two adjoining parcels; 19,262 square feet of building area on 0.32 acres; Built in 1974; brick construction with updates during current ownership
