Historic 5-Plex with Conversion
128 S 1000 E Salt Lake City, UT 84102
128 S 1000 E, Salt Lake City, UT, 84102
$1,600,000
For Sale
$1,600,000
Well-maintained 5-plex with vaulted ceilings, stained glass, and heated flooring; tenant occupied with 24-hour notice.
Property Size4,900 SF
Price / SF$326.53
Days on Market17
Property Features for 128 S 1000 E
General Information
- Standard status
- Active
- Size
- 4,900 SF
- Property subtype
- Quadruplex
Building Details
- Year Built
- 1910
Listing Agency
Rum Real Estate
(801) 449-0119
Listed by
Curtis Rumel
(801) 449-0119
Source
Liftrealty
Added: Jul 2 Checked: Jul 18 at 3:51 am
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 Rum Real Estate
Investment Insights
Based on property information with market context.
This beautifully built, well-maintained 5-plex features historic charm with vaulted ceilings, stained glass, and heated flooring. Interior details include quality finishes, wooden Pella doors and windows, and a WOLF range. The property is described as capable of converting into a 3- or 4-plex.
Located at 128 S 1000 E in Salt Lake City, UT 84102, the building is currently tenant occupied. Please allow 24-hour notice for all showings. A Matterport tour is available prior to requesting a showing.
Located at 128 S 1000 E in Salt Lake City, UT 84102, the building is currently tenant occupied. Please allow 24-hour notice for all showings. A Matterport tour is available prior to requesting a showing.
Key Highlights
- 1910‑built well‑maintained 5‑plex with historic charm
- Property can be converted into a 3‑plex or 4‑plex
- Interior features include vaulted ceilings
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $116.4k | $23.76 |
| − Vacancy | −$6.1k | −$1.24 |
| EGI | $110.4k | $22.52 |
| − OpEx | −$49.7k | −$10.14 |
| NOI | $60.7k | $12.39 |
4,900 SF · lease $23.76/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$867.2K
$758.8K – $1.01M
NOI $60,703 @ 7.0% cap · market cap 3.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.32M
$1.16M – $1.54M
NOI $92,409 @ 7.0% cap · market cap 5.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Under The Lindens
Hotel & Motel
Dr. James B. ...
Physician
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Well-maintained 5-plex with vaulted ceilings, stained glass, and heated flooring; tenant occupied with 24-hour notice.
Where is this apartment building located?
The property is located at 128 S 1000 E Salt Lake City, UT.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 1910‑built well‑maintained 5‑plex with historic charm; Property can be converted into a 3‑plex or 4‑plex; Interior features include vaulted ceilings
