Listed by Andy Hawk of Folsom & Co. Real Estate (3036410695)

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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.

Property Details of 980 S Dexter Street

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Listings courtesy of IRES MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of October 15, 2026 10:50 PM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end user license agreement.

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