Apartment Building Boarding Home
For Sale
$875,000
157 S 800 E, Salt Lake City, UT 84102
MULTI_FAMILY - Other - Salt Lake City, UT
Property Size5,989 SF
Lot Size0.22 Acres
Price / SF$146.10
Days on Market98
Property Features for 157 S 800 E
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Multi-Family
Zoning description
MR GRM
Bedrooms
10
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 10, Bedroom 7, Bathroom 4, Bathroom 5, Bedroom 6, Bedroom 1, Bathroom 3, Bedroom 2, Bathroom 2, Bedroom 8, Bathroom 1, Bedroom 5, Bedroom 3, Bedroom 9, Bedroom 4
Parking
5
Parking features
Covered
Window features
Blinds, Drapes
Exterior features
Entry (Foyer), Lighting
Lot features
Curb & Gutter, Fenced: Part, Sidewalks, View: Mountain, Private
Elementary school
Wasatch
Middle school
Bryant
High school
East
Elementary school district
Salt Lake
Middle school district
Salt Lake
High school district
Salt Lake
Subdivision
Salt Lake City; So. Salt Lake
Standard status
Active
APN
16-05-161-005
Size
5,989 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Annual Amount
4000
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Radiant, Natural Gas
Building Details
Year built
1950
Floors in Building
2
Number of units
10
Flooring type
Linoleum, Hardwood, Carpet, Vinyl
Building materials
Stucco
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Masters Utah Real Estate · RE/MAX International
(801) 558-7301
Listed By:
Terry Cononelos
(801) 205-7019
Added: Apr 29
Changed: Aug 1
Last Checked: Aug 4 at 9:06AM
MLS# 2154089
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Investment Insights
Based on property information with market context.
This apartment building is currently licensed and operated as a single-room boarding home with multiple tenants. The property was originally built as an elderly care facility that required overhead water sprinklers, which are still in place. The main level includes one 2-bedroom apartment and one 1-bedroom apartment, and both have kitchens. The 2-bedroom unit has a 3/4 bath, while the 1-bedroom unit has a full bath; one 1-bedroom has a 1/2 bath, and the other 7 rooms share two common baths. Upstairs, there are 2 common full bathrooms and a common area kitchen.
The building sits on a 0.22-acre lot with 5,989 SF of property size, and it is zoned Multi-Family. Constructed in 1950 with stucco exterior materials, the home features a covered parking arrangement, asphalt roof, and a mix of flooring including linoleum, hardwood, carpet, and vinyl. Heating is provided by natural gas with hot water heating and radiant systems.
As noted, the boiler is a couple of years old and the roof is in excellent condition. The property is presented as-is with the option to pursue alternate uses, subject to applicable approvals.
The building sits on a 0.22-acre lot with 5,989 SF of property size, and it is zoned Multi-Family. Constructed in 1950 with stucco exterior materials, the home features a covered parking arrangement, asphalt roof, and a mix of flooring including linoleum, hardwood, carpet, and vinyl. Heating is provided by natural gas with hot water heating and radiant systems.
As noted, the boiler is a couple of years old and the roof is in excellent condition. The property is presented as-is with the option to pursue alternate uses, subject to applicable approvals.
Key Highlights
- 0.22‑acre lot and 5,989 SF apartment building zoned Multi‑Family
- Overhead water sprinklers installed for elderly care and still in place
- Licensed single‑room boarding home with shared bath areas and common upstairs kitchen
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 | $142.3k | $23.76 |
| − Vacancy | −$7.4k | −$1.24 |
| EGI | $134.9k | $22.52 |
| − OpEx | −$60.7k | −$10.14 |
| NOI | $74.2k | $12.39 |
5,989 SF · lease $23.76/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.06M
$927.4K – $1.24M
NOI $74,195 @ 7.0% cap · market cap 8.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.61M
$1.41M – $1.88M
NOI $112,947 @ 7.0% cap · market cap 12.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
3,316
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Licensed boarding home with shared bath areas, main-level apartments, and overhead sprinkler system still in place.
Where is this apartment building located?
The property is located at 157 S 800 E Salt Lake City, UT.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 0.22‑acre lot and 5,989 SF apartment building zoned Multi‑Family; Overhead water sprinklers installed for elderly care and still in place; Licensed single‑room boarding home with shared bath areas and common upstairs kitchen
