This study investigates the phase-specific mechanical behavior of hot-rolled DP980 steel through microstructural characterization, nanoindentation testing, and a reverse algorithm-based property extraction method. FE-SEM analysis revealed a pronounced banded microstructure consisting of ferrite and martensite aligned along the thickness direction. High-magnification images showed the coexistence of fresh and tempered martensite within martensitic regions, indicating heterogeneous transformation and tempering histories. WDS elemental mapping further demonstrated localized segregation of carbon and manganese in martensite bands, confirming that solute partitioning during hot rolling contributed to the formation of the banded structure. Phase-dependent mechanical properties-including elastic modulus, hardness, yield strength, and strain-hardening exponent-were quantitatively derived from nanoindentation data using the reverse algorithm. The resulting property distributions allowed the microstructure to be classified into four groups: ferrite, ferrite-dominant, martensite-dominant, and martensite. These clusters reflect variations in local phase fraction and tempering degree, highlighting the microstructural heterogeneity inherent to DP980 steel. Using the phase-specific stress-strain curves as input, the mixture rule accurately predicted the macroscopic tensile behavior of DP980 steel, showing close agreement with experimental measurements. These results demonstrate that the proposed nanoindentation-reverse algorithm framework provides a reliable and quantitative approach for linking microstructural features to bulk mechanical performance in dual-phase steels.