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$4,500,000 Coming Soon

  • For Sale
  • Coming Soon
  • Multi-Family
  • 30 Units
  • 0.32 Acres
  • Updated 13 hours ago
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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.

Full Property Details for 980 S Dexter St

General

  • Price: $4,500,000
  • Taxes: $22,340 (2025)
  • Status: Coming Soon
  • Type: Multi-Family
  • Source: IRES
  • MLS ID: 1070446
  • Updated: 10/12/2026
  • Added to Site: 1 day(s) ago

Interior

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

Parking

  • Total Spaces: 50

Location

  • Area: Denver
  • County: Denver
  • Subdivision: Swandora Lane Sub
  • Driving 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.

School Information

  • School District: Denver District 1
  • Elementary School: Ellis
  • Middle School: Merrill
  • High School: Washington, George

Heating & Cooling

  • Cooling Type: Wall/Window Unit(s)
  • Heating Type: Hot Water, Baseboard

Utilities

  • Gas: Yes
  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Natural Gas Available, Electricity Available, Cable Available, High-Speed Internet Available

Structural Information

  • Construction: Brick
  • Exterior Const.: Brick
  • Basement: Yes
  • Basement Desc.: Partial
  • Roof: Rubber
  • Windows: Window Coverings
  • Square Feet: 19,262
  • Sq. Ft. Source: Assessor
  • Year Built: 1974

Lot Features

  • Property View: City
  • Lot Size (Acres): 0.32
  • Lot Size (Sq. Ft.): 13,807
  • Frontage: City Street
  • Street/Road Desc.: Asphalt
  • Fence: Yes
  • 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
  • Potential Use: Multi-Family, Business, Commercial, Additional Units, Industrial
  • Zoning: S-MX-8
  • Fencing (Description): Partial

Financial Considerations

  • Operating Expenses: $118,300
  • Tax Amount: $22,340
  • Tax Year: 2025
  • Terms: Cash, Conventional
  • Tenant Pays: Deposit, Electricity, Parking Fee

Disclosures and Reports

  • Special Conditions: Private Owner
  • Exclusions: Leased furniture is excluded from sale, but sale subject to rental agreements in place for rented furnishings for some units.
  • Property ID: 6183-03-015

Listed by Folsom & Co. Real Estate (303) 499-9944

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Listing agents

— 980 S Dexter St —

  • Folsom & Co. Real Estate

    303-499-9944

  • Folsom & Co. Real Estate

    303-499-9944

3036410695

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 980 S Dexter St

School District:Denver County School District 1
NameGradesDistance
Ellis Elementary School
1651 South Dahlia Street, Denver, CO 80222
K-50.8 mi
Merrill Middle School
1551 South Monroe Street, Denver, CO 80210
6-81 mi
George Washington High School
655 South Monaco Street Parkway, Denver, CO 80224
9-121.1 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 980 S Dexter St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/12/2026
Listed
$4,500,000
2.27%
MLS
4/10/2019
Sold
$4,400,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 980 S Dexter St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$22,340
1%
$292,020
5%
2024
$22,040
2%
$278,270
—
2023
$21,562
15%
$278,270
17%
2021
$18,693
—
$238,240
-5%
2021
$18,693
5%
$250,510
4%
2020
$17,867
3%
$240,810
—
2019
$17,366
27%
$240,810
36%
2018
$13,718
—
$177,310
—
2017
$13,677
—
$177,310
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Folsom & Co. Real Estate (303) 499-9944

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980 S Dexter St, Denver, CO 80246 (MLS# 1070446) is a Multi-Family property with 30 units containing 0 bedrooms and 0 full bathrooms. 980 S Dexter St is currently listed for $4,500,000 and was received on October 12, 2026. Want to learn more about 980 S Dexter St? Do you have questions about finding other Multi-Family real estate for sale in Denver? You can browse all Denver real estate or contact a Coldwell Banker agent to request more information.

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