Boarding Home with Apartment
157 S 800 E, Salt Lake City, UT 84102
MULTI_FAMILY - Other - Salt Lake City, UT
Property size:
5,989 SFLot size:
0.22 AcresPrice / SF:
$162/SF- Added:
- Apr 29, 2026
- Days on Market:
- 51
- Last Refresh:
- Jun 18 at 5:06 pm
Property Features for 157 S 800 E
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Multi-Family
- Bedrooms
- 10
- Bathrooms
- 5
- Rooms
- Bedroom 5, Bedroom 3, Bedroom 10, Bedroom 9, Bedroom 4, Bedroom 2, Bedroom 1, Bedroom 7, Bathroom 5, Bedroom 8, Bathroom 3, Bedroom 6, Bathroom 1, Bathroom 4, Bathroom 2
- Parking
- 5
- Parking features
- Covered
- Window features
- Blinds, Drapes
- Exterior features
- Entry (Foyer), Lighting
- Standard status
- Active
- APN
- 16-05-161-005
- Size
- 5,989 SF
- Lot size
- 0.22 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4000
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Radiant, Hot Water(Heating)
Building Details
- Year built
- 1950
- Floors in Building
- 2
- Number of units
- 10
- Flooring type
- Linoleum, Hardwood, Vinyl, Carpet
- Building materials
- Stucco
- Roof type
- Asphalt
- Architectural style
- Other
Listing agent Terry Cononelos (801) 205-7019
Listing office Masters Utah Real Estate 7070 S 2300 E Suite 110, Salt Lake City, UT (801) 558-7301
Listing date Apr 29, 2026
MLS# 2154089
Listing URL
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HighLights
- Licensed single‑room boarding home with multiple tenants; originally built as an elderly care facility
- Overhead water sprinklers required for the original elderly care use are still in place
- Main level unit mix: one 2‑bedroom apartment and one 1‑bedroom apartment; both include kitchens
- 2‑bedroom has a 3/4 bath; 1‑bedroom has a full bath, with one 1‑bedroom also including a 1/2 bath
- Upstairs includes 7 rooms sharing two common baths plus 2 common full bathrooms and a common area kitchen
- Heating includes natural gas with radiant and hot water systems; boiler is a couple of years old; roof is asphalt
Overview
This multi-unit property was originally built as an elderly care facility and still has overhead water sprinkler system requirements in place. It is currently licensed and operating as a single-room boarding home with multiple tenants, including one 2-bedroom unit and one 1-bedroom unit on the main level. The 2-bedroom unit includes a 3/4 bath and a kitchen, while the 1-bedroom unit includes a full bath and a kitchen. One of the 1-bedroom rooms includes a 1/2 bath, and the other seven-room configuration shares two common bathrooms. Upstairs, there are two common full bathrooms and a common area kitchen.
Located at 157 S 800 E in Salt Lake City, the property is zoned for multi-family use. The building sits on approximately 0.22 acres and has a total building size of about 5,989 square feet, supporting its current licensed boarding-home setup.
The facility is offered “as is” and can be utilized in its current form or repurposed for other housing-oriented concepts, including Airbnb, hostel, group home, or apartment homes, subject to applicable requirements. Operational considerations include a boiler that is described as a couple of years old and a roof noted as being in excellent condition.
Located at 157 S 800 E in Salt Lake City, the property is zoned for multi-family use. The building sits on approximately 0.22 acres and has a total building size of about 5,989 square feet, supporting its current licensed boarding-home setup.
The facility is offered “as is” and can be utilized in its current form or repurposed for other housing-oriented concepts, including Airbnb, hostel, group home, or apartment homes, subject to applicable requirements. Operational considerations include a boiler that is described as a couple of years old and a roof noted as being in excellent condition.
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 | $142.3k | $23.76 |
| − Vacancy | −$7.4k | −$1.24 |
| EGI | $134.9k | $22.52 |
| − OpEx | −$60.7k | −$10.14 |
| NOI | $74.2k | $12.39 |
5,989 SF · lease $23.76/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.06M
$927.4K – $1.24M
NOI $74,195 @ 7.0% cap · market cap 7.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.61M
$1.41M – $1.88M
NOI $112,947 @ 7.0% cap · market cap 11.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Short term rental ...
Location Insight
- Map
- Local Demand
- City
- Salt Lake City
- County
- Salt Lake
- State
- Utah
- Longitude
- -111.867691
- Latitude
- 40.765724
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Multi-family property with multiple apartment and shared-bath configurations, offering operational flexibility as-is.
Where is this apartment building located?
The property is located at 157 S 800 E Salt Lake City, UT.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Licensed single‑room boarding home with multiple tenants; originally built as an elderly care facility; Overhead water sprinklers required for the original elderly care use are still in place; Main level unit mix: one 2‑bedroom apartment and one 1‑bedroom apartment; both include kitchens
