Multifamily
For Sale
Contact for pricing
157 South 800 East, Salt Lake City, UT 84102
Built in 1950 and designated for multifamily use, the property is located in Salt Lake City.
Property Size5,989 SF
Price / SF$142.76
Days on Market165
Property Features for 157 South 800 East
General Information
Standard status
Active
Size
5,989 SF
Class
C
Total Parking Spaces
8
Property subtype
Multifamily
Zoning
multi family
Occupancy
98%
Net Operating Income
$69,920
Building Details
Year Built
1950
Buildings
1
Units
10
Tenancy
Multi
Listing Agency:
Masters Utah Real Estate
Listed By:
Terry Cononelos · License #UT 5460516-SA00
(801) 205-7019
Source:
Crexi
Added: May 7
Changed: Oct 16
Last Checked: Oct 16 at 6:34AM
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 Masters Utah Real Estate
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.
This multifamily property was constructed in 1950 and carries a multifamily zoning designation. The asset is located at 157 South 800 East in Salt Lake City, Utah 84102.
Key Highlights
- Multifamily zoning designation
- Constructed in 1950
- Located at 157 South 800 East, Salt Lake City, UT 84102
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.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,623
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
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Built in 1950 and designated for multifamily use, the property is located in Salt Lake City.
Where is this multifamily property located?
The property is located at 157 South 800 East 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: Multifamily zoning designation; Constructed in 1950; Located at 157 South 800 East, Salt Lake City, UT 84102
