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    The Largest CRE Database in the US with Over 1 Million Listings

    937 E 300 S Salt Lake City, UT 84101

    Sponsored
    For Sale
    $2,100,000

    MULTI_FAMILY - Other - Salt Lake City, UT

    Property size:
    5,678 SF
    Lot size:
    0.12 Acres
    Days on Market:
    1
    Last Refresh:
    Feb 5 at 6:06 am

    Property Features for 937 E 300 S

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Window features
    Drapes
    Zoning
    Multi-Family
    Rooms
    Bedroom 6, Bedroom 5, Bedroom 4, Bathroom 3, Bathroom 5, Bedroom 2, Bathroom 4, Bedroom 8, Bedroom 3, Bathroom 2, Bedroom 7, Bedroom 9, Bedroom 10, Bedroom 1, Bathroom 1
    Bedrooms
    10
    Bathrooms
    5
    APN
    16-05-182-025
    Parking
    5
    Patio and Porch features
    Patio, Deck
    Interior features
    Disposal, Kitchen: Updated, Range/Oven: Free Stdng., Dishwasher: Built-In
    Exterior features
    Basement Entrance, Deck; Covered, Double Pane Windows, Patio: Covered, Patio: Open
    Size
    5,678 SF
    Lot size
    0.12 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air

    Building Details

    Year built
    1911
    Number of units
    5
    Flooring type
    Tile, Carpet
    Building materials
    Brick, Composition, Stone
    Roof type
    Rubber
    Architectural style
    Other

    We can help!

    Listing Contact
    Lucile Walbeck

    Lift Realty (801) 636-8426

    Listing agent Lucile Walbeck (801) 636-8426

    Listing date Feb 5, 2026

    MLS# 2135108

    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

    Furnished Multifamily Property Near University

    This fully occupied 5-plex is located in a prime Eastside Downtown Salt Lake City location. The 5,678-square-foot multifamily property is just minutes from the University of Utah and nearby bus/TRAX stations, offering strong, consistent tenant demand in one of the city's most walkable and convenient neighborhoods. The property is fully furnished and turn-key, offering immediate cash flow, with consistent demand via Airbnb, Furnished Finder, and Facebook Marketplace from students, working professionals, and travelers. Each of the five apartments features two bedrooms, one full bathroom, a comfortable living area, and a full kitchen with dining space. All units have been recently painted and upgraded with remote-controlled mini-split heating and cooling, providing individual climate control in each room. Two of the units were newly constructed in 2024. Residents enjoy private front porch/deck spaces, a shared rear patio area, and an on-site laundry room with coin and credit card-operated machines. The property includes five designated outdoor parking spaces, with additional free street parking available. The lot size is 0.12 acres. This multifamily asset blends historic character with modern updates, making it a compelling opportunity for investors seeking long-term stability in a highly desirable Salt Lake City location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Dental Office Nail Salon Building Supply Gym & Fitness Center Daycare Center

    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
    -111.863976
    Latitude
    40.763138

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    FAQs

    What type of property is this?
    Apartment building - Fully occupied 5-plex near University of Utah.
    Where is this apartment building located?
    The property is located at 937 E 300 S Salt Lake City, UT.
    What is the asking price?
    The asking price for this property is $2,100,000.
    What are key features of this property?
    This property features: - Fully occupied 5-plex in a prime Eastside Downtown Salt Lake City location, ensuring strong tenant demand and immediate cash flow.; - Turn-key property, fully furnished and ready for consistent demand via Airbnb, Furnished Finder, and Facebook Marketplace.; - Each unit features two bedrooms, one full bathroom, a living area, and a full kitchen, appealing to a broad range of tenants.
    (801) 636-8426
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    937 E 300 S Salt Lake City, UT 84101
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    Salt Lake City, UT 84101
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    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
    937 E 300 S Salt Lake City, UT 84101
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    We can help!
    Listing Contact
    Lucile Walbeck
    (801) 636-8426
    Learn more
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