Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    404 E 5600 S Murray, UT 84107

    Sponsored
    For Sale
    $9,500,000

    MULTI_FAMILY - Other - Murray, UT

    Property size:
    38,374 SF
    Lot size:
    2.60 Acres
    Days on Market:
    43
    Last Refresh:
    Feb 23 at 10:06 am

    Property Features for 404 E 5600 S

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Multi-Family
    Rooms
    Bathroom 14, Bedroom 41, Bedroom 21, Bathroom 43, Bathroom 29, Bathroom 34, Bathroom 31, Bathroom 47, Bathroom 33, Bedroom 14, Bedroom 35, Bedroom 7, Bedroom 26, Bathroom 12, Bathroom 38, Bedroom 36, Bedroom 40, Bathroom 6, Bedroom 16, Bedroom 12, Bedroom 20, Bathroom 30, Bathroom 23, Bathroom 35, Bathroom 36, Bathroom 32, Bedroom 27, Bedroom 28, Bathroom 37, Bathroom 24, Bathroom 3, Bedroom 45, Bedroom 11, Bathroom 13, Bathroom 44, Bathroom 10, Bedroom 23, Bedroom 9, Bathroom 27, Bathroom 5, Bathroom 41, Bedroom 2, Bedroom 44, Bedroom 43, Bedroom 5, Bathroom 39, Bedroom 42, Bathroom 9, Bathroom 25, Bedroom 29, Bathroom 8, Bathroom 15, Bathroom 7, Bathroom 4, Bathroom 2, Bedroom 31, Bathroom 42, Bedroom 10, Bedroom 4, Bathroom 46, Bedroom 15, Bedroom 13, Bedroom 18, Bedroom 46, Bedroom 32, Bedroom 19, Bedroom 24, Bedroom 39, Bathroom 26, Bedroom 17, Bedroom 8, Bedroom 30, Bedroom 34, Bedroom 47, Bedroom 6, Bathroom 22, Bathroom 40, Bathroom 21, Bedroom 25, Bathroom 1, Bathroom 16, Bedroom 3, Bathroom 20, Bathroom 45, Bathroom 17, Bathroom 11, Bedroom 22, Bathroom 19, Bathroom 18, Bathroom 28, Bedroom 33, Bedroom 1, Bedroom 37, Bedroom 38, Bathroom 48
    Bedrooms
    47
    Bathrooms
    48
    APN
    22-18-177-045
    Parking features
    Covered
    Interior features
    Alarm: Fire, Disposal, Kitchen: Updated, Range/Oven: Free Stdng., Dishwasher: Built-In
    Exterior features
    Entry (Foyer)
    Accessibility
    Accessible Elevator Installed
    Size
    38,374 SF
    Lot size
    2.60 Acres

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1969
    Floors in Building
    3
    Number of units
    39
    Architectural style
    Other

    We can help!

    Listing Contact
    Joseph Mills
    Joseph Mills

    Investment Realty Advisors, LLC (801) 971-2542

    Listing agent Joseph Mills (435) 485-7070

    Listing date Jan 12, 2026

    MLS# 2093496 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Renovated Multifamily Property in Murray

    This newly renovated 39-unit multifamily property, originally built in 1969 and tastefully upgraded in 2023, is located in Murray, Utah. The property spans 2.6 acres and features modern interiors and community amenities. Residents have access to a brand-new fitness center, resident lounge, fire pits, and a spacious BBQ courtyard. Each unit includes an individual locked storage room, and assigned covered parking is available. The property has 79.49% occupancy. Additional amenities include community laundry rooms, an on-site professional management team, and elevator access. Units feature luxury plank flooring, quartz countertops, Moen chrome fixtures, stainless steel GE kitchen appliances, including a microwave, refrigerator, 4-burner electric stove, dishwasher, and disposal, two-tone kitchen cabinetry, air conditioning, panoramic views, open-concept floorplans, full-height backsplash, and undermount stainless steel sinks. Murray is referred to as the "Hub of Salt Lake County" and its central position provides residents with convenient access to major transportation routes, including I-15 and I-215, as well as TRAX light rail. Local amenities include diverse retail options, quality healthcare facilities such as Intermountain Medical Center, and abundant recreational opportunities at nearby parks and trails. The property is a short distance to Trax, IMC, and shopping.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Murray
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.88175
    Latitude
    40.648383

    Nearby Similar for Sale

    • $725,000
      0.28 Acres

      Office Building in Murray, Utah

      Office building for sale in Murray, Utah.
      184 E 5900 S, Murray, UT 84107
      View Details
    • $1,242,880
      3,884 SF

      Class-A Office Condo with Amenities

      3,884 SF Murray office condo with golf simulator and gym.
      746 E Winchester St, Murray, UT 84107
      View Details
    • $6,800,000
      25,852 SF

      Medical Office Building Near Interstate-15

      Strategically located medical office building with high visibility and strong tenants.
      5444 S Grn St, Murray, UT
      View Details
    • Contact for pricing

      Murray/Holladay Condo with Basement

      Main-level condo in gated community with unfinished basement.
      1369 E Farm Hill Dr, Murray, UT 84117
      View Details
    • $1,085,000
      4,944 SF

      Renovated Millcreek Office Building For Sale

      Two-story office building in Millcreek neighborhood, renovated in 2022.
      4541 S E St E, Murray, UT 84103
      View Details

    FAQs

    What type of property is this?
    Apartment building - Newly renovated 39-unit multifamily property in the heart of Murray, Utah.
    Where is this apartment building located?
    The property is located at 404 E 5600 S Murray, UT.
    What is the asking price?
    The asking price for this property is $9,500,000.
    What are key features of this property?
    This property features: - Newly renovated in 2023 with modern interiors and community amenities.; - Strong income potential with 79.49% occupancy. Lease remaining units to increase revenue.; - Located in the heart of Murray, Utah, providing convenient access to major transportation routes, shopping, healthcare, and TRAX light rail.
    (801) 528-4446
    Request Owner's contact information
    404 E 5600 S Murray, UT 84107
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    404 E 5600 S
    Murray, UT 84107
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    404 E 5600 S Murray, UT 84107
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Joseph Mills
    Joseph Mills
    (801) 528-4446 (801) 971-2542 (435) 485-7070
    Learn more
    Google sign-in failed. Please try again or use another login method.