Tudor-Style 8-Unit Apartment
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 Market99
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, Bedroom 4, Bathroom 1, Bedroom 10, Bathroom 8, Bathroom 2, Bathroom 4, Bedroom 3, Bedroom 8, Bedroom 6, Bathroom 7, Bedroom 2, Bathroom 3, Bedroom 1, Bedroom 9, Bathroom 5, Bedroom 5, Bedroom 7
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
Tile, Hardwood
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: Aug 1
Last Checked: Aug 4 at 5:06PM
MLS# 2153723
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Investment Insights
Based on property information with market context.
Tudor-style 8-unit apartment building on a 0.31-acre lot with a brick exterior, stained glass windows, and an asphalt roof. Built in 1906, the property totals 7,607 SF and features tile and hardwood flooring. Heating is electric, and the building is served by a private water source. Outside, there is a covered patio, and the parking is covered.
The property is 100% rented turnkey. A full renovation was completed in 2022, including all new electrical and plumbing throughout, remodeled kitchens and bathrooms, updated cabinetry and tile backsplashes, fresh paint, and high-efficiency mini-split HVAC systems in all units. Additional space includes a third-floor studio area and a basement area, described as potential upside by the buyer to verify.
Zoned Multi-Family, the building is positioned near downtown Salt Lake City and the University of Utah, supporting long-term rental stability.
The property is 100% rented turnkey. A full renovation was completed in 2022, including all new electrical and plumbing throughout, remodeled kitchens and bathrooms, updated cabinetry and tile backsplashes, fresh paint, and high-efficiency mini-split HVAC systems in all units. Additional space includes a third-floor studio area and a basement area, described as potential upside by the buyer to verify.
Zoned Multi-Family, the building is positioned near downtown Salt Lake City and the University of Utah, supporting long-term rental stability.
Key Highlights
- 0.31‑acre lot with a 7,607 SF Tudor‑style 8‑unit brick apartment building
- Fully renovated in 2022: new electrical and plumbing, remodeled kitchens and bathrooms, fresh paint
- 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
100%
Occupancy
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
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Frequently Asked Questions
What type of property is this?
Apartment building - 8-unit apartment building with covered patio, covered parking, and unit-by-unit high-efficiency mini-split HVAC.
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: 0.31‑acre lot with a 7,607 SF Tudor‑style 8‑unit brick apartment building; Fully renovated in 2022: new electrical and plumbing, remodeled kitchens and bathrooms, fresh paint; High‑efficiency mini‑split HVAC systems in all units
