Historic Triplex with Original
New
For Sale
$896,000
1111 E 100 S, Salt Lake City, UT 84102
Built in 1901, the property retains period architectural details, stained-glass windows, and three fireplaces in the main unit.
Property Size3,773 SF
Days on Market6
Property Features for 1111 E 100 S
General Information
Standard status
Active
Size
3,773 SF
Property subtype
Triplex
Taxes and HOA fees
Annual Taxes
$3,451
Building Details
Building Size
3,773 SF
Year Built
1901
Listing Agency:
Urban Utah Homes & Estates, LLC
Listed By:
Babs De Lay
(801) 201-8824
Source:
Acresutah
Added: Sep 9
Changed: Sep 14
Last Checked: Sep 14 at 9:13AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Urban Utah Homes & Estates, LLC
Investment Insights
Based on property information with market context.
This 3,773-square-foot triplex was built in 1901 and retains a range of historic architectural features. Patterned brickwork, beveled and stained-glass windows, decorative gable detailing, and substantial original woodwork remain throughout the property. The main unit includes three fireplaces that are not converted or in use, while the stairs to a former fourth unit remain in place. A shed occupies the site where a carriage house once stood.
Located at 1111 E 100 S in Salt Lake City, Utah, the property combines a three-unit configuration with preserved period character. The main unit was previously owner occupied, and the existing layout includes features associated with the property's earlier four-unit arrangement.
Located at 1111 E 100 S in Salt Lake City, Utah, the property combines a three-unit configuration with preserved period character. The main unit was previously owner occupied, and the existing layout includes features associated with the property's earlier four-unit arrangement.
Key Highlights
- 3,773‑square‑foot triplex built in 1901
- Patterned brickwork with beveled, leaded, and stained‑glass windows
- Original woodwork preserved throughout much of the interior
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
$50,316
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
5.62%
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%
$1,006,320
$1.0M
Cap Rate 7%
$718,800
$718.8K
Cap Rate 9%
$559,067
$559.1K
Market Conditions
NOI Build-Up for 3,773 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
$76.1K $20.16/SF
− Vacancy
−$4.2K −$1.11/SF
EGI
$71.9K $19.05/SF
− OpEx
−$21.6K −$5.72/SF
NOI
$50.3K $13.34/SF
Area
Salt Lake City, UT
Vacancy
5.50%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
30.00%
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%
$1,006,320
Cap Rate 7%
$718,800
Cap Rate 9%
$559,067
Alternative Uses
Best Use
Multifamily LT 5
$718.8K
$629.0K – $838.6K
NOI $50,316 @ 7.0% cap · market cap 5.62%
Second Best
Apartment 5plus
$667.7K
$584.3K – $779.0K
NOI $46,742 @ 7.0% cap · market cap 5.22%
Theoretical Best
Office A
$1.02M
$889.4K – $1.19M
NOI $71,155 @ 7.0% cap · market cap 7.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
697
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
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Triplex - Built in 1901, the property retains period architectural details, stained-glass windows, and three fireplaces in the main unit.
Where is this triplex located?
The property is located at 1111 E 100 S Salt Lake City, UT.
What is the asking price?
The asking price for this property is $896,000.
What are key features of this property?
This property features: 3,773‑square‑foot triplex built in 1901; Patterned brickwork with beveled, leaded, and stained‑glass windows; Original woodwork preserved throughout much of the interior
