10-Door Apartment
For Sale
$855,000
157 S 800 E, Salt Lake City, UT 84102
Residential, Salt Lake City, UT
Property Size5,989 SF
Lot Size0.22 Acres
Price / SF$142.76
Days on Market47
Property Features for 157 S 800 E
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Multi-Family
Zoning description
MR GRM
Bedrooms
11
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 3, Bedroom 4, Bathroom 4, Bedroom 6, Bathroom 1, Bedroom 7, Bedroom 11, Bedroom 2, Bedroom 1, Bedroom 9, Bathroom 2, Bedroom 5, Bedroom 10, Bedroom 3, Bedroom 8, Bathroom 5
Parking
15
Parking features
Covered
Window features
Blinds, Drapes
Exterior features
Entry (Foyer), Lighting
Lot features
Curb & Gutter, Fenced: Part, Road: Paved, Secluded, Sidewalks, View: Mountain, Private
Elementary school
Wasatch
Middle school
Bryant
High school
East
Elementary school district
Salt Lake
Middle school district
Salt Lake
High school district
Salt Lake
Subdivision
Salt Lake City; So. Salt Lake
Standard status
Active
APN
16-05-161-005
Size
5,989 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Annual Amount
4500
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Radiant, Hot Water(Heating)
Building Details
Year built
1935
Floors in Building
2
Number of units
10
Flooring type
Hardwood, Carpet, Vinyl, Linoleum
Building materials
Stucco
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Masters Utah Real Estate · RE/MAX International
(801) 453-1010
Listed By:
Terry Cononelos
(801) 205-7019
Added: Sep 3
Changed: Oct 16
Last Checked: Oct 19 at 1:06AM
MLS# 2183101
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.
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Investment Insights
Based on property information with market context.
Built in 1935, this 5,989-square-foot apartment building is licensed and currently used for multi-unit rentals with up to 10 doors. The main level contains a two-bedroom, one-bath apartment and a one-bedroom, one-bath apartment. The second floor offers eight single-room rentals with a shared kitchen and 2 1/2 full baths. Recent interior work includes new paint and carpet, while the building features covered parking, stucco construction, hardwood, vinyl, linoleum, and carpet flooring, and an asphalt roof.
The property sits on a 0.22-acre lot at 157 S 800 E in Salt Lake City. It was originally constructed as an elderly care facility and retains overhead water sprinklers. Building systems include a natural-gas hot-water radiant heating system and a boiler described as 90%+ efficient. Public sewer service is in place, and the property is zoned Multi-Family.
The property sits on a 0.22-acre lot at 157 S 800 E in Salt Lake City. It was originally constructed as an elderly care facility and retains overhead water sprinklers. Building systems include a natural-gas hot-water radiant heating system and a boiler described as 90%+ efficient. Public sewer service is in place, and the property is zoned Multi-Family.
Key Highlights
- 5,989‑square‑foot apartment building on a 0.22‑acre lot
- Licensed multi‑unit rental property with up to 10 doors
- Main floor includes one 2‑bedroom, 1‑bath and one 1‑bedroom, 1‑bath apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,195
Cap Rate
8.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,483,900
$1.5M
Cap Rate 7%
$1,059,929
$1.1M
Cap Rate 9%
$824,389
$824.4K
Market Conditions
NOI Build-Up for 5,989 SF
Gross rent
$142.3K $23.76/SF
− Vacancy
−$7.4K −$1.24/SF
EGI
$134.9K $22.52/SF
− OpEx
−$60.7K −$10.14/SF
NOI
$74.2K $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%
$1,483,900
Cap Rate 7%
$1,059,929
Cap Rate 9%
$824,389
Alternative Uses
Best Use
Apartment 5plus
$1.06M
$927.4K – $1.24M
NOI $74,195 @ 7.0% cap · market cap 8.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.61M
$1.41M – $1.88M
NOI $112,947 @ 7.0% cap · market cap 13.21%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
10
Residential units
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
3,316
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Licensed multi-unit rental property with apartment and single-room configurations, covered parking, and recent interior updates.
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 $855,000.
What are key features of this property?
This property features: 5,989‑square‑foot apartment building on a 0.22‑acre lot; Licensed multi‑unit rental property with up to 10 doors; Main floor includes one 2‑bedroom, 1‑bath and one 1‑bedroom, 1‑bath apartment
