Apartment Building with Renovated
For Sale
Contact for pricing
1810 S 800 E, Salt Lake City, UT 84105
Multifamily property combining a main residence, suite, and separate three-unit building.
Property Size4,623 SF
Price / SF$270.39
Days on Market161
Property Features for 1810 S 800 E
General Information
Standard status
Active
Size
4,623 SF
Property subtype
Multifamily
Units
Unit Mix
5 x 2BR/1BA
Multifamily Units
5
Building Details
Buildings
2
Stories
2
Units
4
Listing Agency:
Legend Commercial
Listed By:
Taylor Rieck · License #UT14268881-SA00
Source:
Crexi
Added: Mar 27
Changed: Sep 2
Last Checked: Sep 2 at 12:46AM
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 Legend Commercial
Investment Insights
Based on property information with market context.
This 4,623-square-foot apartment property comprises a main house with a mother-in-law suite and a separate purpose-built three-plex on the same lot. Each unit is configured with two bedrooms and one bathroom, and two units have been renovated.
The property is located at 1810 S 800 E in Salt Lake City, Utah. The existing layout supports multifamily rental use, while the source information also identifies owner-occupant and house-hack potential. A proposed repositioning plan calls for renovating the third unit and converting the main house to a four-bedroom, two-bath rental; that plan is not represented as completed.
The property is located at 1810 S 800 E in Salt Lake City, Utah. The existing layout supports multifamily rental use, while the source information also identifies owner-occupant and house-hack potential. A proposed repositioning plan calls for renovating the third unit and converting the main house to a four-bedroom, two-bath rental; that plan is not represented as completed.
Key Highlights
- 4,623 SF apartment property at 1810 S 800 E, Salt Lake City, UT 84105
- Main house with mother‑in‑law suite plus a purpose‑built 3‑plex
- Two units have already been renovated
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$57,272
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.58%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,145,440
$1.1M
Cap Rate 7%
$818,171
$818.2K
Cap Rate 9%
$636,356
$636.4K
Market Conditions
NOI Build-Up for 4,623 SF
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.
Gross rent
$109.8K $23.76/SF
− Vacancy
−$5.7K −$1.24/SF
EGI
$104.1K $22.52/SF
− OpEx
−$46.9K −$10.14/SF
NOI
$57.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,145,440
Cap Rate 7%
$818,171
Cap Rate 9%
$636,356
Alternative Uses
Best Use
Apartment 5plus
$818.2K
$715.9K – $954.5K
NOI $57,272 @ 7.0% cap · market cap 4.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.25M
$1.09M – $1.45M
NOI $87,185 @ 7.0% cap · market cap 6.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
1,866
Businesses Nearby
Explore this area
Business Placement
Demographics for 84105, UT
22,856
Population
10,953
Households
2.1
Avg Household Size
35
Median Age
66%
College-Educated
97%
High-School Grad
3.1 sq mi
ZIP Area
7,373
Density / Sq Mi
$94,145
Median Household Income
$52,785
Median Earnings
$1,482
Median Rent
$632,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property combining a main residence, suite, and separate three-unit building.
Where is this apartment building located?
The property is located at 1810 S 800 E Salt Lake City, UT.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 4,623 SF apartment property at 1810 S 800 E, Salt Lake City, UT 84105; Main house with mother‑in‑law suite plus a purpose‑built 3‑plex; Two units have already been renovated
