Residential
1985 S 200 E, Salt Lake City, UT 84115
For Sale
$628,500
Three distinct residences include a studio and one- and two-bedroom units, each with a bathroom.
Property Size1,499 SF
Days on Market58
Property Features for 1985 S 200 E
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
National E-Realty, LLC
Listed By:
Gary M Nguyen · License UT 5451430PB00
(801) 930-8123
Source:
Acresutah
Added: Sep 18
Changed: Nov 8
Last Checked: Nov 12 at 4:32PM
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 National E-Realty, LLC
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Investment Insights
Based on property information with market context.
This 1,499-square-foot residential triplex was built in 1928 and is configured as three separate residences: a one-bedroom, one-bathroom unit, a two-bedroom, one-bathroom unit, and a studio with a kitchen and bathroom. The property is identified as a legal triplex and is described as well maintained.
The address is 1985 S 200 E in Salt Lake City. The property is approximately 18 minutes from the University of Utah and a few minutes from downtown Salt Lake City. Showings are by appointment; tenants should not be disturbed.
The address is 1985 S 200 E in Salt Lake City. The property is approximately 18 minutes from the University of Utah and a few minutes from downtown Salt Lake City. Showings are by appointment; tenants should not be disturbed.
Key Highlights
- Legal triplex with three residences
- Unit mix includes a 1‑bedroom/1‑bathroom unit, a 2‑bedroom/1‑bathroom unit, and a studio with kitchen and bath
- 1,499 square feet; built in 1928
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,990
Cap Rate
3.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$399,800
$399.8K
Cap Rate 7%
$285,571
$285.6K
Cap Rate 9%
$222,111
$222.1K
Market Conditions
NOI Build-Up for 1,499 SF
Gross rent
$30.2K $20.16/SF
− Vacancy
−$1.7K −$1.11/SF
EGI
$28.6K $19.05/SF
− OpEx
−$8.6K −$5.72/SF
NOI
$20.0K $13.34/SF
Area
Salt Lake City, UT
Vacancy
5.50%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$399,800
Cap Rate 7%
$285,571
Cap Rate 9%
$222,111
Alternative Uses
Best Use
Multifamily LT 5
$285.6K
$249.9K – $333.2K
NOI $19,990 @ 7.0% cap · market cap 3.18%
Second Best
Apartment 5plus
$265.3K
$232.1K – $309.5K
NOI $18,570 @ 7.0% cap · market cap 2.95%
Theoretical Best
Office A
$403.9K
$353.4K – $471.2K
NOI $28,270 @ 7.0% cap · market cap 4.50%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,394
Businesses Nearby
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Business Placement
Demographics for 84115, UT
27,588
Population
13,899
Households
2
Avg Household Size
33
Median Age
33%
College-Educated
85%
High-School Grad
6.1 sq mi
ZIP Area
4,523
Density / Sq Mi
$61,505
Median Household Income
$43,785
Median Earnings
$1,263
Median Rent
$396,200
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Salt Lake County, UT
Properties on Market for Triplexes in Salt Lake County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three distinct residences include a studio and one- and two-bedroom units, each with a bathroom.
Where is this triplex located?
The property is located at 1985 S 200 E Salt Lake City, UT.
What is the asking price?
The asking price for this property is $628,500.
What are key features of this property?
This property features: Legal triplex with three residences; Unit mix includes a 1‑bedroom/1‑bathroom unit, a 2‑bedroom/1‑bathroom unit, and a studio with kitchen and bath; 1,499 square feet; built in 1928
