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    Large Multifamily Near University of Utah Title is generated by Realmo AI

    1162 E 400 S, Salt Lake City, UT 84102

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    Claim this Listing
    For Sale
    $2,300,000

    MULTI_FAMILY - Other - Salt Lake City, UT

    Property size:
    9,563 SF
    Lot size:
    0.27 Acres
    Price / SF:
    $240/SF
    Added:
    May 4, 2026
    Days on Market:
    48
    Last Refresh:
    Jun 20 at 6:06 am

    Property Features for 1162 E 400 S

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Multi-Family
    Bedrooms
    16
    Bathrooms
    8
    Rooms
    Bedroom 16, Bathroom 2, Bathroom 5, Bathroom 6, Bedroom 2, Bedroom 5, Bedroom 3, Bathroom 8, Bedroom 6, Bedroom 9, Bedroom 4, Bathroom 1, Bedroom 13, Bedroom 10, Bedroom 1, Bathroom 3, Bathroom 4, Bedroom 15, Bedroom 14, Bedroom 7, Bathroom 7, Bedroom 8, Bedroom 12, Bedroom 11
    Parking
    12
    Parking features
    Covered
    Window features
    Blinds
    Interior features
    Disposal, Range/Oven: Free Stdng.
    Standard status
    Active
    APN
    16-05-408-055
    Size
    9,563 SF
    Lot size
    0.27 Acres

    Taxes and HOA fees

    Tax Annual Amount
    12164

    Utilities

    Heating system
    Natural Gas, Central

    Building Details

    Year built
    1973
    Floors in Building
    3
    Number of units
    8
    Flooring type
    Laminate, Carpet, Vinyl
    Building materials
    Brick
    Roof type
    Membrane
    Architectural style
    Other

    We can help!

    Listing Contact
    Porter Criddle

    Listing agent Porter Criddle

    Listing office Investment Realty Advisors LLC 411 W 7200 S Ste 201, Salt Lake City, UT

    Listing date May 4, 2026

    MLS# 2155284 Listing URL

    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.

    HighLights

    • 8‑plex located steps from the University of Utah
    • All eight units feature an approximately 1,100 SF 2‑bedroom / 1‑bathroom layout
    • Brick construction with central heating and natural gas
    • Covered parking on site
    • Membrane roof
    • Built in 1973

    Overview

    This multifamily property features eight units, each offering approximately 1,100 square feet with a 2-bedroom / 1-bathroom layout. The property is located within walking distance to the University of Utah campus, transit options, and downtown Salt Lake City. The 0.27-acre lot is located in Salt Lake City, UT 84102, in Salt Lake County. The property offers cosmetic value-add potential and operational upside through rental strategy improvements. Historically operated under multiple leasing structures, providing flexibility for investors to optimize income. The property is zoned for multi-family use. The property size is 9,563 square feet.

    Local 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 $227.2k $23.76
    − Vacancy −$11.8k −$1.24
    EGI $215.4k $22.52
    − OpEx −$96.9k −$10.14
    NOI $118.5k $12.39
    9,563 SF · lease $23.76/SF/yr · vacancy 5.20% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $1.69M
    $1.48M – $1.97M (±1% cap)
    NOI $118,471 @ 7.0% cap · market cap 5.15%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $2.58M
    $2.25M – $3.01M (±1% cap)
    NOI $180,349 @ 7.0% cap · market cap 7.84%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    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
    -111.857468
    Latitude
    40.760251

    FAQs

    What type of property is this?
    Apartment building - Eight-unit multifamily property near the University of Utah.
    Where is this apartment building located?
    The property is located at 1162 E 400 S Salt Lake City, UT.
    What is the asking price?
    The asking price for this property is $2,300,000.
    What are key features of this property?
    This property features: 8‑plex located steps from the University of Utah; All eight units feature an approximately 1,100 SF 2‑bedroom / 1‑bathroom layout; Brick construction with central heating and natural gas
    More about this property
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