5-Unit Apartment
For Sale
$1,150,000
201 N I ST, Salt Lake City, UT 84103
Updated plumbing and electrical, replacement windows, and renewed porch decking are among the property’s improvements.
Property Size4,272 SF
Price / SF$269.19
Days on Market162
Property Features for 201 N I ST
General Information
Standard status
Active
Size
4,272 SF
Property subtype
> 4 Units
Site & Location
Neighborhood
Capitol Hill
Public Transit
Yes
Additional Details
Multifamily Units
5
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$5,735
Building Details
Building Size
4,272 SF
Year Built
1940
Listing Agency:
Century 21 Everest
Listed By:
Brian Noel · License #5469721
(801) 599-5292
Source:
Doxeygroup
Added: May 26
Changed: Oct 27
Last Checked: Nov 3 at 6:47AM
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 Century 21 Everest
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 5-unit apartment property in Salt Lake City contains 4,272 square feet and dates to 1940. Improvements include plumbing and electrical work throughout, replacement windows, and updated porch decking.
The property is in the Avenues neighborhood, minutes from downtown, the University of Utah, hospitals, restaurants, shopping, and public transit.
The property is in the Avenues neighborhood, minutes from downtown, the University of Utah, hospitals, restaurants, shopping, and public transit.
Key Highlights
- Five‑unit apartment property totaling 4,272 square feet
- Built in 1940
- Plumbing and electrical updated throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,924
Cap Rate
4.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,058,480
$1.1M
Cap Rate 7%
$756,057
$756.1K
Cap Rate 9%
$588,044
$588.0K
Market Conditions
NOI Build-Up for 4,272 SF
Gross rent
$101.5K $23.76/SF
− Vacancy
−$5.3K −$1.24/SF
EGI
$96.2K $22.52/SF
− OpEx
−$43.3K −$10.14/SF
NOI
$52.9K $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%
$1,058,480
Cap Rate 7%
$756,057
Cap Rate 9%
$588,044
Alternative Uses
Best Use
Apartment 5plus
$756.1K
$661.6K – $882.1K
NOI $52,924 @ 7.0% cap · market cap 4.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.15M
$1.01M – $1.34M
NOI $80,566 @ 7.0% cap · market cap 7.01%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
2,415
Businesses Nearby
Explore this area
Business Placement
Demographics for 84103, UT
22,788
Population
13,528
Households
1.7
Avg Household Size
36
Median Age
66%
College-Educated
98%
High-School Grad
20.5 sq mi
ZIP Area
1,112
Density / Sq Mi
$81,386
Median Household Income
$54,787
Median Earnings
$1,374
Median Rent
$710,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Updated plumbing and electrical, replacement windows, and renewed porch decking are among the property’s improvements.
Where is this apartment building located?
The property is located at 201 N I ST Salt Lake City, UT.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Five‑unit apartment property totaling 4,272 square feet; Built in 1940; Plumbing and electrical updated throughout
