Student Housing Apartment
For Sale
$8,500,000
125 S 1300 E, Salt Lake City, UT 84102
Residential, Salt Lake City, UT
Property Size28,576 SF
Lot Size0.83 Acres
Price / SF$297.45
Days on Market254
Property Features for 125 S 1300 E
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Multi-Family
Zoning description
RMF 45
Bedrooms
34
Bathrooms
35
Full bathrooms
35
Rooms
Bathroom 9, Bedroom 13, Bathroom 35, Bathroom 29, Bedroom 10, Bedroom 17, Bathroom 17, Bedroom 7, Bedroom 12, Bathroom 8, Bathroom 14, Bathroom 33, Bathroom 23, Bathroom 34, Bedroom 30, Bathroom 20, Bathroom 32, Bedroom 2, Bedroom 32, Bathroom 12, Bathroom 15, Bedroom 6, Bedroom 27, Bedroom 15, Bathroom 10, Bedroom 11, Bathroom 5, Bathroom 22, Bedroom 18, Bathroom 30, Bedroom 34, Bedroom 29, Bedroom 16, Bedroom 4, Bathroom 24, Bedroom 33, Bedroom 25, Bathroom 21, Bedroom 5, Bathroom 4, Bedroom 22, Bathroom 7, Bedroom 1, Bedroom 28, Bathroom 19, Bedroom 31, Bathroom 3, Bedroom 26, Bathroom 26, Bedroom 20, Bedroom 3, Bedroom 9, Bathroom 18, Bathroom 6, Bathroom 27, Bathroom 25, Bedroom 8, Bathroom 31, Bedroom 14, Bathroom 11, Bedroom 21, Bathroom 2, Bathroom 28, Bathroom 1, Bathroom 13, Bathroom 16, Bedroom 19, Bedroom 24, Bedroom 23
Parking
49
Parking features
Covered
Interior features
Disposal, Range/Oven: Free Stdng.
Subdivision
PLAT F
Lot features
Curb & Gutter, Road: Paved, View: Mountain, View: Valley
View
Valley
Elementary school
Wasatch
Middle school
Bryant
High school
East
Elementary school district
Salt Lake
Middle school district
Salt Lake
High school district
Salt Lake
Standard status
Active
APN
16-05-232-009
Size
28,576 SF
Lot size
0.83 Acres
Taxes and HOA fees
Tax Annual Amount
30574
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating)
Building Details
Year built
1929
Number of units
15
Flooring type
Tile, Hardwood
Building materials
Brick
Roof type
Membrane
Architectural style
High Rise
Listing Agency:
Utah Realty
Listed By:
Marty Gale
(801) 205-3500
Added: Dec 25, 2025
Changed: Sep 4
Last Checked: Sep 5 at 9:06AM
MLS# 2128093
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.
Investment Insights
Based on property information with market context.
This 28,576-square-foot apartment building contains 15 units, 34 bedrooms, and 35 bathrooms. Built in 1929, the high-rise property features brick construction, tile and hardwood flooring, hot water heating, covered parking, and a membrane roof. Interior amenities include freestanding ranges and disposals, while public sewer serves the building. The property is zoned Multi-Family and occupies 0.83 acres.
The building is positioned 1 block from the University of Utah and is identified as student housing. It is fully leased, with rent roll and financial statements available upon request. The address is 125 S 1300 E in Salt Lake City, Utah.
The building is positioned 1 block from the University of Utah and is identified as student housing. It is fully leased, with rent roll and financial statements available upon request. The address is 125 S 1300 E in Salt Lake City, Utah.
Key Highlights
- 15‑unit apartment building with 34 bedrooms and 35 bathrooms
- 28,576 square feet on 0.83 acres
- Student housing located 1 block from the University of Utah
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$354,013
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.16%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$7,080,260
$7.1M
Cap Rate 7%
$5,057,329
$5.1M
Cap Rate 9%
$3,933,478
$3.9M
Market Conditions
NOI Build-Up for 28,576 SF
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.
Gross rent
$679.0K $23.76/SF
− Vacancy
−$35.3K −$1.24/SF
EGI
$643.7K $22.52/SF
− OpEx
−$289.6K −$10.14/SF
NOI
$354.0K $12.39/SF
Area
Salt Lake City, UT
Vacancy
5.20%
Lease Rate
$23.76 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$7,080,260
Cap Rate 7%
$5,057,329
Cap Rate 9%
$3,933,478
Alternative Uses
Best Use
Apartment 5plus
$5.06M
$4.43M – $5.90M
NOI $354,013 @ 7.0% cap · market cap 4.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.70M
$6.74M – $8.98M
NOI $538,915 @ 7.0% cap · market cap 6.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
15
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,575
Businesses Nearby
Explore this area
Business Placement
Demographics for 84102, UT
18,857
Population
11,348
Households
1.7
Avg Household Size
29
Median Age
56%
College-Educated
94%
High-School Grad
1.9 sq mi
ZIP Area
9,925
Density / Sq Mi
$50,040
Median Household Income
$32,432
Median Earnings
$1,305
Median Rent
$487,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Fully leased 15-unit property near the University of Utah with covered parking and brick construction.
Where is this apartment building located?
The property is located at 125 S 1300 E Salt Lake City, UT.
What is the asking price?
The asking price for this property is $8,500,000.
What are key features of this property?
This property features: 15‑unit apartment building with 34 bedrooms and 35 bathrooms; 28,576 square feet on 0.83 acres; Student housing located 1 block from the University of Utah
