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Gerald Mayo

mayo@estesparkteamrealty.com +1(970) 215-5757

$ 4,500,000

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980 S Dexter Denver, CO 80246

19,262 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 19,262 sqft

Subdivision Swandora Lane Sub

MLS Listing ID IRE1070446

HOA Y/N No

Year Built 1974

Annual Tax Amount $22,340

Tax Year 2025

Lot Size 0.320 Acres

Acres 0.32

Property Sub-Type Multi Family

Source ires

Property Description

Apex 980 is a 30-unit multifamily community across two adjoining parcels at 980 and 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.

Location

State CO

County Denver

Community Swandora Lane Sub

Area Metro Denver

Zoning S-MX-8

Direction 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.

Rooms

Basement Partial

Interior

Heating Hot Water, Baseboard

Cooling Wall/Window Unit(s)

Appliance Electric Range, Dishwasher, Refrigerator, Washer, Dryer, Microwave, Some Appliances, Personal Property Inventory

Exterior

Fence Partial

Community Features Park, Extra Storage, Community Laundry

Utilities Available Natural Gas Available, Electricity Available, Cable Available, High Speed Avail

View Y/N Yes

View City

Roof Type Rubber

Improvements No

Garage No

Building

Lot Description 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

Sewer Public Sewer

Water Public

Level or Stories Two

Structure Type Brick

New Construction false

Schools

Elementary Schools Ellis

Middle Schools Merrill

High Schools Denver District 1

School District Denver District 1

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Private Owner

Information and Real Estate Services (IRES)

Listed by Andy Hawk

NEARBY SCHOOLS & PROPERTIES

Gerald Mayo

Broker License ID: 1322538

+1(970) 215-5757

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Colorado

Gerald Mayo

980 S Dexter Denver, CO 80246

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOLS & PROPERTIES

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980 S Dexter