Mixed-Use Multifamily with
1326 S 500 E Salt Lake City, UT 84105
1326 S 500 E, Salt Lake City, UT, 84105
$12,990,000
For Sale
$12,990,000
Turnkey 32-unit multifamily building with two ground-floor commercial units and heated underground parking with elevator access.
Property Size33,169 SF
Price / SF$391.63
Days on Market52
Property Features for 1326 S 500 E
General Information
- Standard status
- Active
- Size
- 33,169 SF
- Property subtype
- > 4 Units
Building Details
- Year Built
- 2025
Listing agency
Colemere Realty Associates LLC
(801) 403-8565
Listed by
J. Scott Colemere
(801) 403-8565
Source
Liftrealty
Added: Jun 1 Updated: Jul 21 at 5:30AM Checked: Jul 21 at 5:30AM
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 Colemere Realty Associates LLC
Investment Insights
Based on property information with market context.
This turnkey multifamily property offers 32 residential units along with two ground-floor commercial units. The building includes a heated underground parking garage and provides elevator access to all levels, supporting convenient resident movement throughout the property. Additional onsite features described in the offering include a private, expansive second-floor courtyard and a secure entry system.
The property is positioned just a half-block from Liberty Park in Salt Lake City, creating a connection to a high-profile local amenity. The two commercial spaces are presented as high-visibility storefronts intended to serve neighborhood foot traffic.
With its combination of residential and ground-floor commercial space, the asset is configured to support diversified income within a single building.
The property is positioned just a half-block from Liberty Park in Salt Lake City, creating a connection to a high-profile local amenity. The two commercial spaces are presented as high-visibility storefronts intended to serve neighborhood foot traffic.
With its combination of residential and ground-floor commercial space, the asset is configured to support diversified income within a single building.
Key Highlights
- Newer 2025 construction: 34‑unit multifamily building with two ground‑floor commercial units
- Heated underground parking garage with secure access and elevator service to all levels
- Private second‑floor courtyard for residents
Local Financial Insights For Retail
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 | $728.4k | $21.96 |
| − Vacancy | −$20.4k | −$0.61 |
| EGI | $708.0k | $21.35 |
| − OpEx | −$212.4k | −$6.40 |
| NOI | $495.6k | $14.94 |
33,169 SF · lease $21.96/SF/yr · vacancy 2.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$7.08M
$6.19M – $8.26M
NOI $495,597 @ 7.0% cap · market cap 3.82%
Second Best
Apartment 5plus
$5.87M
$5.14M – $6.85M
NOI $410,913 @ 7.0% cap · market cap 3.16%
Theoretical Best
Office A
$8.94M
$7.82M – $10.43M
NOI $625,534 @ 7.0% cap · market cap 4.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Turnkey 32-unit multifamily building with two ground-floor commercial units and heated underground parking with elevator access.
Where is this apartment building located?
The property is located at 1326 S 500 E Salt Lake City, UT.
What is the asking price?
The asking price for this property is $12,990,000.
What are key features of this property?
This property features: Newer 2025 construction: 34‑unit multifamily building with two ground‑floor commercial units; Heated underground parking garage with secure access and elevator service to all levels; Private second‑floor courtyard for residents
