6-Unit Apartment
1250 E 300 S, Salt Lake City, UT 84102
For Sale
$1,650,000
Four townhouses and two apartments are complemented by four garages and coin-operated laundry.
Property Size6,624 SF
Price / SF$249.09
Days on Market29
Property Features for 1250 E 300 S
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Public Transit
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Amenities
coin-operated laundry
Building Details
Building Size
Year Built
Listing Agency:
Coldwell Banker Realty (Salt Lake-Sugar House)
(801) 488-5300
Listed By:
Susan S Davis
(801) 809-9555
Source:
Liftrealty
Added: Oct 12
Changed: Nov 8
Last Checked: Nov 8 at 6:30AM
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 Coldwell Banker Realty (Salt Lake-Sugar House)
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1938, this 6,624-square-foot apartment property contains four two-bedroom, one-bath townhouses and two one-bedroom, one-bath apartments. Four one-car garages with additional storage and an on-site coin-operated laundry provide separate amenity and income components. Improvements include exterior paint, double-pane windows, appliances, kitchen cabinets, solid-core entry doors, steel security doors, and a hot water recirculation system.
The property is in Salt Lake City’s University of Utah Historic District, near the University campus, shuttle stops, hospitals, restaurants, and TRAX service to downtown.
The property is in Salt Lake City’s University of Utah Historic District, near the University campus, shuttle stops, hospitals, restaurants, and TRAX service to downtown.
Key Highlights
- Six apartments: four 2‑bedroom/1‑bath townhouses and two 1‑bedroom/1‑bath apartments
- 6,624 square feet; built in 1938
- Four one‑car garages with additional storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$82,061
Cap Rate
4.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,641,220
$1.6M
Cap Rate 7%
$1,172,300
$1.2M
Cap Rate 9%
$911,789
$911.8K
Market Conditions
NOI Build-Up for 6,624 SF
Gross rent
$157.4K $23.76/SF
− Vacancy
−$8.2K −$1.24/SF
EGI
$149.2K $22.52/SF
− OpEx
−$67.1K −$10.14/SF
NOI
$82.1K $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%
$1,641,220
Cap Rate 7%
$1,172,300
Cap Rate 9%
$911,789
Alternative Uses
Best Use
Apartment 5plus
$1.17M
$1.03M – $1.37M
NOI $82,061 @ 7.0% cap · market cap 4.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.78M
$1.56M – $2.08M
NOI $124,922 @ 7.0% cap · market cap 7.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
1,234
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
$487,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/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 - Four townhouses and two apartments are complemented by four garages and coin-operated laundry.
Where is this apartment building located?
The property is located at 1250 E 300 S Salt Lake City, UT.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Six apartments: four 2‑bedroom/1‑bath townhouses and two 1‑bedroom/1‑bath apartments; 6,624 square feet; built in 1938; Four one‑car garages with additional storage
