980 S Dexter St, Denver, CO 80246
Local realty services provided by:CENTURY 21 Top Dog Properties
980 S Dexter St,Denver, CO 80246
$4,500,000
- - Beds
- - Baths
- 19,262 sq. ft.
- Multi-family
- Active
Listed by: andy hawk, clint folsom
Office: folsom & co. real estate3034999944
MLS#:1070446
Source:IRES
Price summary
- Price:$4,500,000
- Price per sq. ft.:$233.62
About this home
Apex 980 is a 30-unit multifamily community across two adjoining parcels at 980 and the vacant 970 S. Dexter Street, both zoned MX-8 with potential for development. The seller offers the parcels and existing building as a single opportunity. Built in 1974 and improved with ongoing updates over the course of ownership, the property is distinguished by a furnished and flexible-term leasing model. Roughly two-thirds of units include furniture, utilities, and/or parking bundled into base rent, which has allowed ownership to achieve premium in-place rents relative to a traditional unfurnished workforce product. The property serves a resilient tenant base of relocating professionals, traveling workers, and mid-term renters. Current signed rent roll ($35,248/month base rent) has climbed steadily through 2026 (from $28,123/month in January), reflecting in-place mark-to-market upside progressively captured through re-leasing. Unified two-parcel assemblage provides dedicated parking/site infrastructure on the 970 parcel and clean ownership history, uncommon for a 30-unit asset in this location. Beyond its in-place income, Apex 980's assemblage offers a buyer potential optionality on the 970 S. Dexter parcel, which today provides surface parking and site infrastructure rather than income-producing improvements. In 2024, the City and County of Denver adopted a proactive rezoning. That rezoning introduced a series of Suburban Mixed Use zone districts along major corridors, and Denver's citywide parking reform has also eliminated minimum off-street parking requirements in many mixed-use districts....
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Home facts
- Year built:1974
- Subdivision & Development:Swandora Lane Sub
- Listing ID #:1070446
- Added:10 day(s) ago
- Updated:October 23, 2026 at 02:34 PM
Rooms and interior
- Kitchen Description:Dishwasher, Electric Range, Microwave, Refrigerator
- Basement Description:Partial
- Living area:19,262 sq. ft.
Heating and cooling
- Cooling:Wall/Window Unit(s)
- Heating:Baseboard, Hot Water
Structure and exterior
- Roof:Rubber
- Year built:1974
- Building area:19,262 sq. ft.
- Lot area:0.32 Acres
- Lot Features:City Limits, Corner Lot, Curbs, Fire Hydrant within 500 Feet, Gutters, House Faces East, House Faces South, House Faces West, Level, Paved, Sidewalks, Street Light
- Construction Materials:Brick
- Levels:2 Story
Schools
- High school:Washington, George
- Middle school:Merrill
- Elementary school:Ellis
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$4,500,000
- Price per sq. ft.:$233.62
- Tax amount:$22,340
Features and amenities
- Appliances:Dishwasher, Dryer, Electric Range, Microwave, Refrigerator, Some Appliances, Washer
- Laundry features:Dryer, Washer
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