Salt Lake City Multifamily
120 G St Salt Lake City, UT 84103
120 G St, Salt Lake City, UT, 84103
$4,450,000
For Sale
$4,450,000
MULTI_FAMILY - Other - Salt Lake City, UT
Property Size13,077 SF
Lot Size0.31 Acres
Price / SF$340.29
Days on Market82
Property Features for 120 G St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 27
- Bathrooms
- 15
- Rooms
- Bedroom 8, Bedroom 10, Bathroom 10, Bedroom 25, Bedroom 1, Bathroom 8, Bedroom 6, Bedroom 26, Bedroom 15, Bedroom 24, Bedroom 16, Bedroom 3, Bathroom 3, Bedroom 22, Bedroom 19, Bathroom 2, Bathroom 1, Bedroom 20, Bedroom 18, Bathroom 11, Bedroom 13, Bedroom 27, Bedroom 4, Bathroom 5, Bathroom 4, Bathroom 14, Bedroom 2, Bedroom 12, Bedroom 21, Bathroom 12, Bedroom 17, Bedroom 23, Bathroom 9, Bedroom 5, Bathroom 7, Bathroom 6, Bedroom 9, Bathroom 15, Bathroom 13, Bedroom 7, Bedroom 11, Bedroom 14
- Parking features
- Covered
- Window features
- Blinds
- Interior features
- Closet: Walk-In, Disposal, Kitchen: Updated
- Exterior features
- Balcony, Sliding Glass Doors
- Standard status
- Active
- APN
- 09-31-478-005
- Size
- 13,077 SF
- Lot size
- 0.31 Acres
Taxes and HOA fees
- Tax Annual Amount
- 18235
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1969
- Floors in Building
- 2
- Number of units
- 15
- Flooring type
- Hardwood, Tile
- Building materials
- Brick
- Architectural style
- Other
Listing Agency
Investment Realty Advisors LLC
(435) 485-7070
411 W 7200 S Ste 201, Salt Lake City, UT
Listed by
Porter Criddle
(801) 694-5291
Added: Apr 28 Checked: Jul 18 at 11:06 am
MLS# 2153730
Listing URL
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Investment Insights
Based on property information with market context.
This is a 15-unit multifamily investment property in Salt Lake City, Utah, featuring a mix of twelve two-bedroom units and three one-bedroom units. The property has 13,077 square feet of space and sits on a 0.31-acre lot. Significant renovations were completed in 2023. The units are spacious and well-designed, combining modern upgrades with timeless character. The property is located in Salt Lake City, Utah, with the postal code 84103.
Key Highlights
- 15‑unit multifamily with a unit mix of 12 two‑bedroom units and 3 one‑bedroom units
- Significant renovations completed in 2023
- Brick construction with forced‑air heating
Local Financial Insights For Apartment 5plus
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 | $310.7k | $23.76 |
| − Vacancy | −$16.2k | −$1.24 |
| EGI | $294.6k | $22.52 |
| − OpEx | −$132.5k | −$10.14 |
| NOI | $162.0k | $12.39 |
13,077 SF · lease $23.76/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.31M
$2.03M – $2.70M
NOI $162,004 @ 7.0% cap · market cap 3.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.52M
$3.08M – $4.11M
NOI $246,619 @ 7.0% cap · market cap 5.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
gas station
Gas Company
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Turnkey 15-unit Salt Lake City investment property for sale.
Where is this apartment building located?
The property is located at 120 G St Salt Lake City, UT.
What is the asking price?
The asking price for this property is $4,450,000.
What are key features of this property?
This property features: 15‑unit multifamily with a unit mix of 12 two‑bedroom units and 3 one‑bedroom units; Significant renovations completed in 2023; Brick construction with forced‑air heating
