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    240 N Spencer Ct Salt Lake City, UT 84103

    For Sale
    $3,699,000

    MULTI_FAMILY - Salt Lake City, UT

    Property size:
    14,859 SF
    Lot size:
    0.58 Acres
    Days on Market:
    30
    Last Refresh:
    Dec 5 at 2:06 am

    Property Features for 240 N Spencer Ct

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Window features
    Blinds
    Zoning
    Multi-Family
    Rooms
    Bedroom 26, Bedroom 17, Bedroom 13, Bedroom 3, Bedroom 22, Bathroom 12, Bathroom 13, Bathroom 2, Bedroom 2, Bathroom 4, Bedroom 9, Bedroom 25, Bathroom 14, Bathroom 3, Bedroom 29, Bathroom 5, Bedroom 23, Bedroom 11, Bedroom 20, Bedroom 24, Bedroom 18, Bedroom 21, Bathroom 1, Bathroom 16, Bathroom 22, Bathroom 17, Bedroom 27, Bedroom 1, Bathroom 20, Bathroom 18, Bedroom 15, Bedroom 8, Bathroom 9, Bathroom 7, Bathroom 21, Bathroom 8, Bedroom 28, Bedroom 30, Bathroom 10, Bedroom 7, Bathroom 15, Bedroom 10, Bedroom 19, Bedroom 5, Bedroom 16, Bedroom 6, Bathroom 19, Bathroom 11, Bedroom 4, Bathroom 6, Bedroom 12, Bedroom 14
    Bedrooms
    30
    Bathrooms
    22
    APN
    09-31-333-007
    Parking features
    Covered
    Size
    14,859 SF
    Lot size
    0.58 Acres

    Utilities

    Sewer type
    Public Sewer

    Building Details

    Year built
    1916
    Number of units
    22
    Flooring type
    Hardwood, Concrete, Tile
    Building materials
    Brick, Stucco
    Roof type
    Asphalt, Membrane

    Investment Realty Advisors, LLC (801) 971-2542 [email protected]

    Listing agent Joseph Mills (435) 485-7070

    Listing date Nov 6, 2025

    MLS# 2074030 Listing URL

    Copyright © 2025 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.

    Overview

    Salt Lake City Multifamily Property

    This multifamily property, known as Spencer Court Apartments, presents a value-add opportunity in Salt Lake City. Constructed in the early 20th century, the property comprises six multi-unit buildings, totaling 22 units. Each building features unique layouts and options for tenants. The property is located near Memory Grove Park, City Creek Center, and the State Capital. The site has a lot size of 0.58 acres. The property size is 14,859 square feet. The zoning is designated for multi-family use. The property is 100% occupied and has a strong rental history.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Salt Lake City
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.884842
    Latitude
    40.774955

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    FAQs

    What type of property is this?
    Apartment building - Multifamily property in Salt Lake City with value-add opportunity.
    Where is this apartment building located?
    The property is located at 240 N Spencer Ct Salt Lake City, UT.
    What is the asking price?
    The asking price for this property is $3,699,000.
    What are key features of this property?
    This property features: - Prime Location: Situated in a highly desirable area of Salt Lake City, near Memory Grove Park, City Creek Center, and the State Capital.; - Value-Add Opportunity: Presents a chance to increase property value through improvements and upgrades.; - Strong Rental History: Property is 100% occupied, indicating consistent rental income.
    (435) 485-7070
    Request Owner's contact information
    240 N Spencer Ct Salt Lake City, UT 84103
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    Salt Lake City, UT 84103
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    240 N Spencer Ct Salt Lake City, UT 84103
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