8-Unit Apartment
For Sale
$2,695,000
1127 E S TEMPLE, Salt Lake City, UT 84102
Fully occupied residences feature updated kitchens and bathrooms, plus mini-split HVAC systems throughout.
Property Size7,607 SF
Price / SF$354.28
Days on Market190
Property Features for 1127 E S TEMPLE
General Information
Standard status
Active
Size
7,607 SF
Property subtype
> 4 Units
Occupancy
100%
Site & Location
Neighborhood
East Central
Additional Details
Multifamily Units
8
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$12,169
Building Details
Building Size
7,607 SF
Year Built
1906
Year Renovated
2022
Construction
Tudor-style
Listing Agency:
Investment Realty Advisors LLC
Listed By:
Porter Criddle
(801) 694-5291
Source:
Doxeygroup
Added: Apr 28
Changed: Nov 2
Last Checked: Nov 3 at 6:47AM
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 Investment Realty Advisors LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 8-unit apartment property was built in 1906 and received a full renovation in 2022. Work included new electrical and plumbing, remodeled kitchens and bathrooms, updated cabinetry, tile backsplashes, fresh paint, and high-efficiency mini-split HVAC systems in every unit. The building also contains third-floor studio space and a basement area; buyers should verify details and potential uses.
Located on South Temple, the property is near downtown Salt Lake City and the University of Utah. All units are currently rented.
Located on South Temple, the property is near downtown Salt Lake City and the University of Utah. All units are currently rented.
Key Highlights
- Eight units; 100% rented
- Full renovation completed in 2022, including new electrical and plumbing
- Mini‑split HVAC systems installed in all units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$94,239
Cap Rate
3.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,884,780
$1.9M
Cap Rate 7%
$1,346,271
$1.3M
Cap Rate 9%
$1,047,100
$1.0M
Market Conditions
NOI Build-Up for 7,607 SF
Gross rent
$180.7K $23.76/SF
− Vacancy
−$9.4K −$1.24/SF
EGI
$171.3K $22.52/SF
− OpEx
−$77.1K −$10.14/SF
NOI
$94.2K $12.39/SF
Area
Salt Lake City, UT
Vacancy
5.20%
Lease Rate
$23.76 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,884,780
Cap Rate 7%
$1,346,271
Cap Rate 9%
$1,047,100
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.
How Realmo checks its estimates
Property Analytics
Lease Details
8
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,623
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
Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied residences feature updated kitchens and bathrooms, plus mini-split HVAC systems throughout.
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: Eight units; 100% rented; Full renovation completed in 2022, including new electrical and plumbing; Mini‑split HVAC systems installed in all units
