Renovated 15-Unit Apartment
For Sale
$4,450,000
120 G St, Salt Lake City, UT 84103
Residential, Salt Lake City, UT
Property Size13,077 SF
Lot Size0.31 Acres
Price / SF$340.29
Days on Market173
Property Features for 120 G St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
RMF-35
Bedrooms
27
Bathrooms
15
Full bathrooms
15
Rooms
Bedroom 22, Bedroom 24, Bathroom 12, Bedroom 9, Bedroom 14, Bedroom 6, Bedroom 4, Bedroom 27, Bedroom 3, Bathroom 5, Bathroom 6, Bedroom 10, Bedroom 19, Bathroom 15, Bathroom 11, Bathroom 8, Bedroom 2, Bathroom 1, Bedroom 21, Bathroom 7, Bedroom 25, Bedroom 20, Bedroom 16, Bathroom 14, Bedroom 23, Bathroom 4, Bedroom 1, Bedroom 26, Bedroom 7, Bedroom 5, Bathroom 2, Bedroom 11, Bedroom 12, Bedroom 15, Bedroom 18, Bathroom 3, Bedroom 17, Bathroom 9, Bathroom 10, Bedroom 13, Bathroom 13, Bedroom 8
Parking features
Covered
Window features
Blinds
Interior features
Closet: Walk-In, Disposal, Kitchen: Updated
Exterior features
Balcony, Sliding Glass Doors
Lot features
Curb & Gutter, Fenced: Part, Road: Paved, Sidewalks, 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: Avenues Area
Standard status
Active
APN
09-31-478-005
Size
13,077 SF
Lot size
0.31 Acres
Taxes and HOA fees
Tax Annual Amount
18235
Utilities
Heating system
Forced Air
Building Details
Year built
1969
Floors in Building
2
Number of units
15
Flooring type
Hardwood, Tile
Building materials
Brick
Architectural style
Other
Listing Agency:
Investment Realty Advisors LLC
(435) 485-7070
Listed By:
Porter Criddle
(801) 694-5291
Added: Apr 28
Changed: Oct 16
Last Checked: Oct 17 at 3:06AM
MLS# 2153730
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.
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Investment Insights
Based on property information with market context.
This 15-unit apartment property at 120 G St in Salt Lake City includes 12 two-bedroom units and 3 one-bedroom units. The 13,077-square-foot building occupies 0.31 acres and was built in 1969, with significant renovations completed in 2023. Updated kitchens, walk-in closets, disposals, hardwood and tile flooring, and forced-air heating are among the interior features. Balconies, sliding glass doors, brick construction, and covered parking add to the physical profile.
Located in Salt Lake City, the property is identified by ZIP Code 84103 in Salt Lake County. The unit mix provides a clear multifamily configuration, while the recent renovation work and range of apartment features contribute to a current residential income property offering.
Located in Salt Lake City, the property is identified by ZIP Code 84103 in Salt Lake County. The unit mix provides a clear multifamily configuration, while the recent renovation work and range of apartment features contribute to a current residential income property offering.
Key Highlights
- 15‑unit apartment property with 12 two‑bedroom units and 3 one‑bedroom units
- 13,077 square feet on a 0.31‑acre parcel
- Significant renovations completed in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$162,004
Cap Rate
3.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,240,080
$3.2M
Cap Rate 7%
$2,314,343
$2.3M
Cap Rate 9%
$1,800,044
$1.8M
Market Conditions
NOI Build-Up for 13,077 SF
Gross rent
$310.7K $23.76/SF
− Vacancy
−$16.2K −$1.24/SF
EGI
$294.6K $22.52/SF
− OpEx
−$132.5K −$10.14/SF
NOI
$162.0K $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%
$3,240,080
Cap Rate 7%
$2,314,343
Cap Rate 9%
$1,800,044
Alternative Uses
Best Use
Apartment 5plus
$2.31M
$2.03M – $2.70M
NOI $162,004 @ 7.0% cap · market cap 3.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.52M
$3.08M – $4.11M
NOI $246,619 @ 7.0% cap · market cap 5.54%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
15
Residential units
Location Intelligence
Trade Area within ½ mile
3,241
Businesses Nearby
Explore this area
Business Placement
Demographics for 84103, UT
22,788
Population
13,528
Households
1.7
Avg Household Size
36
Median Age
66%
College-Educated
98%
High-School Grad
20.5 sq mi
ZIP Area
1,112
Density / Sq Mi
$81,386
Median Household Income
$54,787
Median Earnings
$1,374
Median Rent
$710,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Brick multifamily property with updated kitchens, covered parking, balconies, and hardwood and tile flooring.
Where is this apartment building located?
The property is located at 120 G St Salt Lake City, UT.
What is the asking price?
The asking price for this property is $4,450,000.
What are key features of this property?
This property features: 15‑unit apartment property with 12 two‑bedroom units and 3 one‑bedroom units; 13,077 square feet on a 0.31‑acre parcel; Significant renovations completed in 2023
