Renovated Multifamily Investment
For Sale
$2,695,000
1127 E S TEMPLE, Salt Lake City, UT 84102
MULTI_FAMILY - Other - Salt Lake City, UT
Property Size7,607 SF
Lot Size0.31 Acres
Price / SF$354.28
Days on Market95
Property Features for 1127 E S TEMPLE
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Multi-Family
Zoning description
RMF-35
Bedrooms
10
Bathrooms
8
Full bathrooms
8
Rooms
Bathroom 6, Bathroom 2, Bedroom 7, Bedroom 6, Bathroom 1, Bathroom 7, Bathroom 8, Bedroom 1, Bedroom 5, Bedroom 8, Bedroom 2, Bedroom 4, Bedroom 9, Bathroom 4, Bathroom 5, Bedroom 10, Bathroom 3, Bedroom 3
Parking
12
Parking features
Covered
Patio and Porch features
Patio
Exterior features
Patio: Covered, Stained Glass Windows
Lot features
Fenced: Part, Road: Paved, Sprinkler: Auto- Full, View: Mountain
Elementary school
Wasatch
Middle school
Bryant
High school
West
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
09-32-459-015
Size
7,607 SF
Lot size
0.31 Acres
Taxes and HOA fees
Tax Annual Amount
12169
Utilities
Heating system
Electric (Heating)
Water source
Private
Building Details
Year built
1906
Floors in Building
3
Number of units
8
Flooring type
Hardwood, Tile
Building materials
Brick
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Investment Realty Advisors LLC
(435) 485-7070
Listed By:
Porter Criddle
(801) 694-5291
Added: Apr 28
Changed: Jul 28
Last Checked: Jul 31 at 8:06AM
MLS# 2153723
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Investment Insights
Based on property information with market context.
This is a 100% rented, turnkey 8-unit multifamily investment property located on historic South Temple. The Tudor-style property underwent a full renovation in 2022, including new electrical and plumbing throughout. The kitchens and bathrooms have been remodeled, with updated cabinetry and tile backsplashes. Fresh paint and high-efficiency mini-split HVAC systems have been installed in all units. The property is located in a prime location near downtown Salt Lake City and the University of Utah, offering long-term rental stability. The lot size is 0.31 acres. The property size is 7607 square feet. Additional third-floor studio space and a basement area provide future upside potential, which the buyer is advised to verify. The property is zoned for multi-family use.
Key Highlights
- 8‑unit multifamily property with 100% rented occupancy
- Full renovation completed in 2022, including new electrical and plumbing throughout
- High‑efficiency mini‑split HVAC systems in all units
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 | $180.7k | $23.76 |
| − Vacancy | −$9.4k | −$1.24 |
| EGI | $171.3k | $22.52 |
| − OpEx | −$77.1k | −$10.14 |
| NOI | $94.2k | $12.39 |
7,607 SF · lease $23.76/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.35M
$1.18M – $1.57M
NOI $94,239 @ 7.0% cap · market cap 3.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.05M
$1.79M – $2.39M
NOI $143,460 @ 7.0% cap · market cap 5.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
1,491
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Turnkey 8-unit multifamily property near downtown Salt Lake City.
Where is this apartment building located?
The property is located at 1127 E S TEMPLE Salt Lake City, UT.
What is the asking price?
The asking price for this property is $2,695,000.
What are key features of this property?
This property features: 8‑unit multifamily property with 100% rented occupancy; Full renovation completed in 2022, including new electrical and plumbing throughout; High‑efficiency mini‑split HVAC systems in all units
