7-Unit Apartment
1169 E 200 S, Salt Lake City, UT 84102
For Sale
$1,550,000
Two buildings offer a mix of one-bedroom, studio, and two-bedroom residences.
Property Size5,212 SF
Price / SF$297.39
Days on Market368
Property Features for 1169 E 200 S
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Christie's International Real Estate VUE (Christies VUE Salt Lake)
Listed By:
Cherie M Major
(801) 557-5627
Source:
Moveutahrealestate
Added: Nov 5, 2025
Changed: Nov 7
Last Checked: Nov 7 at 7:52PM
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 Christie's International Real Estate VUE (Christies VUE Salt Lake)
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Investment Insights
Based on property information with market context.
Built in 1924, this 5,212-square-foot apartment property contains seven residences across two buildings. The front building has five one-bedroom units. A separate rear duplex consists of a studio and a two-bedroom, one-bath residence, which has access to a private yard.
The property is within walking distance of the University of Utah in Salt Lake City’s University neighborhood.
The property is within walking distance of the University of Utah in Salt Lake City’s University neighborhood.
Key Highlights
- Seven residences across two buildings
- 5,212 square feet; built in 1924
- Front building contains five one‑bedroom units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,569
Cap Rate
4.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,291,380
$1.3M
Cap Rate 7%
$922,414
$922.4K
Cap Rate 9%
$717,433
$717.4K
Market Conditions
NOI Build-Up for 5,212 SF
Gross rent
$123.8K $23.76/SF
− Vacancy
−$6.4K −$1.24/SF
EGI
$117.4K $22.52/SF
− OpEx
−$52.8K −$10.14/SF
NOI
$64.6K $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%
$1,291,380
Cap Rate 7%
$922,414
Cap Rate 9%
$717,433
Alternative Uses
Best Use
Apartment 5plus
$922.4K
$807.1K – $1.08M
NOI $64,569 @ 7.0% cap · market cap 4.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.40M
$1.23M – $1.64M
NOI $98,293 @ 7.0% cap · market cap 6.34%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
1,839
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
$487,200
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Salt Lake City, UT
Properties on Market for Apartment buildings in Salt Lake City
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Two buildings offer a mix of one-bedroom, studio, and two-bedroom residences.
Where is this apartment building located?
The property is located at 1169 E 200 S Salt Lake City, UT.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Seven residences across two buildings; 5,212 square feet; built in 1924; Front building contains five one‑bedroom units
