Student Housing Apartment
For Sale
$8,500,000
125 S 1300 E, Salt Lake City, UT 84102
Residential, Salt Lake City, UT
Property Size28,576 SF
Lot Size0.83 Acres
Price / SF$297.45
Days on Market303
Property Features for 125 S 1300 E
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Multi-Family
Zoning description
RMF 45
Bedrooms
34
Bathrooms
35
Full bathrooms
35
Rooms
Bedroom 15, Bathroom 13, Bathroom 29, Bathroom 10, Bedroom 24, Bedroom 27, Bedroom 2, Bathroom 8, Bathroom 9, Bedroom 12, Bathroom 16, Bathroom 34, Bathroom 2, Bathroom 6, Bedroom 33, Bedroom 5, Bedroom 31, Bathroom 28, Bathroom 35, Bathroom 12, Bathroom 19, Bathroom 4, Bedroom 11, Bathroom 3, Bedroom 22, Bathroom 24, Bathroom 30, Bathroom 11, Bedroom 9, Bathroom 17, Bedroom 20, Bedroom 14, Bathroom 1, Bathroom 26, Bathroom 23, Bedroom 16, Bathroom 27, Bedroom 17, Bathroom 5, Bedroom 30, Bedroom 7, Bedroom 1, Bedroom 19, Bathroom 21, Bedroom 3, Bathroom 22, Bathroom 25, Bathroom 32, Bedroom 23, Bathroom 18, Bedroom 10, Bathroom 20, Bathroom 14, Bedroom 18, Bedroom 25, Bedroom 6, Bedroom 4, Bedroom 28, Bathroom 33, Bedroom 8, Bedroom 21, Bedroom 29, Bedroom 32, Bathroom 15, Bathroom 7, Bedroom 34, Bathroom 31, Bedroom 26, Bedroom 13
Parking
49
Parking features
Covered
Interior features
Disposal, Range/Oven: Free Stdng.
Subdivision
PLAT F
Lot features
Curb & Gutter, Road: Paved, View: Mountain, View: Valley
View
Valley
Elementary school
Wasatch
Middle school
Bryant
High school
East
Elementary school district
Salt Lake
Middle school district
Salt Lake
High school district
Salt Lake
Standard status
Active
APN
16-05-232-009
Size
28,576 SF
Lot size
0.83 Acres
Taxes and HOA fees
Tax Annual Amount
30574
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating)
Building Details
Year built
1929
Number of units
15
Flooring type
Tile, Hardwood
Building materials
Brick
Roof type
Membrane
Architectural style
High Rise
Listing Agency:
Utah Realty
Listed By:
Marty Gale
(801) 205-3500
Added: Dec 25, 2025
Changed: Oct 18
Last Checked: Oct 24 at 1:06AM
MLS# 2128093
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 28,576-square-foot apartment building contains 15 units, 34 bedrooms, and 35 bathrooms. Built in 1929, the high-rise property features brick construction, tile and hardwood flooring, hot water heating, covered parking, and a membrane roof. Interior amenities include freestanding ranges and disposals, while public sewer serves the building. The property is zoned Multi-Family and occupies 0.83 acres.
The building is positioned 1 block from the University of Utah and is identified as student housing. It is fully leased, with rent roll and financial statements available upon request. The address is 125 S 1300 E in Salt Lake City, Utah.
The building is positioned 1 block from the University of Utah and is identified as student housing. It is fully leased, with rent roll and financial statements available upon request. The address is 125 S 1300 E in Salt Lake City, Utah.
Key Highlights
- 15‑unit apartment building with 34 bedrooms and 35 bathrooms
- 28,576 square feet on 0.83 acres
- Student housing located 1 block from the University of Utah
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$354,013
Cap Rate
4.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,080,260
$7.1M
Cap Rate 7%
$5,057,329
$5.1M
Cap Rate 9%
$3,933,478
$3.9M
Market Conditions
NOI Build-Up for 28,576 SF
Gross rent
$679.0K $23.76/SF
− Vacancy
−$35.3K −$1.24/SF
EGI
$643.7K $22.52/SF
− OpEx
−$289.6K −$10.14/SF
NOI
$354.0K $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%
$7,080,260
Cap Rate 7%
$5,057,329
Cap Rate 9%
$3,933,478
Alternative Uses
Best Use
Apartment 5plus
$5.06M
$4.43M – $5.90M
NOI $354,013 @ 7.0% cap · market cap 4.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.70M
$6.74M – $8.98M
NOI $538,915 @ 7.0% cap · market cap 6.34%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
15
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,575
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
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Fully leased 15-unit property near the University of Utah with covered parking and brick construction.
Where is this apartment building located?
The property is located at 125 S 1300 E Salt Lake City, UT.
What is the asking price?
The asking price for this property is $8,500,000.
What are key features of this property?
This property features: 15‑unit apartment building with 34 bedrooms and 35 bathrooms; 28,576 square feet on 0.83 acres; Student housing located 1 block from the University of Utah
