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    Salt Lake City Multifamily Investment Title is generated by Realmo AI

    125 S 1300 E, Salt Lake City, UT 84102

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    Claim this Listing
    For Sale
    $8,500,000

    MULTI_FAMILY - High Rise - Salt Lake City, UT

    Property size:
    26,364 SF
    Lot size:
    0.83 Acres
    Price / SF:
    $322/SF
    Added:
    Dec 25, 2025
    Days on Market:
    148
    Last Refresh:
    May 22 at 6:06 pm

    Property Features for 125 S 1300 E

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Multi-Family
    Bedrooms
    34
    Bathrooms
    35
    Rooms
    Bedroom 4, Bedroom 1, Bathroom 35, Bedroom 15, Bedroom 21, Bedroom 24, Bedroom 34, Bathroom 30, Bathroom 17, Bedroom 5, Bathroom 22, Bedroom 6, Bathroom 12, Bathroom 25, Bedroom 19, Bedroom 32, Bathroom 4, Bathroom 6, Bedroom 26, Bathroom 16, Bedroom 14, Bathroom 7, Bedroom 11, Bedroom 7, Bathroom 19, Bathroom 2, Bedroom 30, Bathroom 28, Bathroom 34, Bathroom 21, Bathroom 27, Bathroom 32, Bathroom 10, Bathroom 23, Bedroom 23, Bathroom 1, Bedroom 18, Bathroom 26, Bedroom 31, Bedroom 28, Bedroom 16, Bathroom 3, Bathroom 5, Bedroom 12, Bedroom 17, Bedroom 8, Bathroom 15, Bathroom 29, Bathroom 18, Bedroom 13, Bathroom 14, Bedroom 20, Bedroom 22, Bedroom 2, Bathroom 11, Bedroom 25, Bathroom 20, Bedroom 27, Bathroom 13, Bathroom 8, Bathroom 24, Bathroom 31, Bedroom 10, Bathroom 33, Bedroom 29, Bedroom 33, Bedroom 9, Bathroom 9, Bedroom 3
    Parking
    49
    Parking features
    Covered
    Interior features
    Disposal, Range/Oven: Free Stdng.
    Standard status
    Active
    APN
    16-05-232-009
    Size
    26,364 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

    We can help!

    Listing Contact
    Marty Gale

    Listing agent Marty Gale

    Listing office Utah Realty 10883 S Martingale Ln., South Jordan, UT

    Listing date Dec 25, 2025

    MLS# 2128093 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

    • Fully leased student housing opportunity.
    • Located just 1 block from the University of Utah.
    • 15 Units with 34 Bedrooms and 35 Bathrooms.
    • Rent roll and financials available upon request.
    • Brick construction.
    • Covered parking provided.

    Overview

    The Commander Apartments, a multifamily property in Salt Lake City, Utah, is available for sale. The property is currently fully leased and operates as student housing. It is located one block from the University of Utah. The building contains 15 units with a total of 34 bedrooms and 35 bathrooms. The property size is 26,364 square feet and the lot size is 0.83 acres. The zoning is Multi-Family.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Commander Apartments Apartment Building

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Dental Office Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    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
    -111.853333
    Latitude
    40.766396

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    FAQs

    What type of property is this?
    Apartment building - Fully leased student housing near the University of Utah.
    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: Fully leased student housing opportunity.; Located just 1 block from the University of Utah.; 15 Units with 34 Bedrooms and 35 Bathrooms.
    (801) 205-3500
    We can help!
    Listing Contact
    Marty Gale
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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