1131 W ARAPAHOE Ave, Salt Lake City, UT 84104
MULTI_FAMILY - Other - Salt Lake City, UT
- Added:
- Jun 11, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 12 at 9:06 am
Property Features for 1131 W ARAPAHOE Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bedroom 3, Bathroom 2, Bedroom 2, Bathroom 3, Bedroom 4, Bedroom 5, Bedroom 1, Bathroom 1
- Parking
- 7
- Parking features
- Covered
- Window features
- Blinds
- Interior features
- Range/Oven: Free Stdng.
- Exterior features
- Basement Entrance
- Standard status
- Active
- APN
- 15-11-126-025
- Size
- 2,230 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2648
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Central, Natural Gas
Building Details
- Year built
- 1962
- Number of units
- 3
- Flooring type
- Vinyl, Carpet
- Building materials
- Brick, Frame
- Roof type
- Asphalt
- Architectural style
- Other
Listing agent Porter Criddle (801) 694-5291
Listing office Investment Realty Advisors LLC 411 W 7200 S Ste 201, Salt Lake City, UT (435) 485-7070
Listing date Jun 11, 2026
Copyright © 2026 UtahRealEstate.com. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Solid income‑producing triplex with a 2 bed/1 bath unit mix (Units 1 and 2) plus a vacant 1 bed/1 bath unit (Unit 3).
- Current rents: Unit 1 at $1,120/month and Unit 2 at $1,375/month; Unit 3 is listed at $995/month.
- Estimated potential gross rental income of approximately $3,490/month once Unit 3 is fully leased.
- Central forced‑air natural gas heating and asphalt shingle roof.
- Brick and frame construction with vinyl and carpet flooring.
- Covered parking and public sewer; Year built 1962.
Overview
The property is located at 1131 W Arapahoe Ave in Salt Lake City, UT 84104, within Salt Lake County. The lot size is listed as 0.14 acres, and the total property size is 2,230 square feet.
For buyers looking for an income-producing residential asset, the current configuration provides rental income from two occupied units while Unit 3 remains available for lease-up. The clear breakdown of unit sizes, current rents, and the stated fully-leased gross amount can help investors underwrite the property with a straightforward path to stabilizing occupancy.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $45.0k | $20.16 |
| − Vacancy | −$2.5k | −$1.11 |
| EGI | $42.5k | $19.05 |
| − OpEx | −$12.7k | −$5.72 |
| NOI | $29.7k | $13.34 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Salt Lake City
- County
- Salt Lake
- State
- Utah
- Longitude
- -111.923388
- Latitude
- 40.754748
