Well-Maintained 5-Plex
201 N I St Salt Lake City, UT 84103
For Sale
$1,150,000
MULTI_FAMILY - Other - Salt Lake City, UT
Property Size4,272 SF
Lot Size0.08 Acres
Price / SF$269.19
Days on Market63
Property Features for 201 N I St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Multi-Family
- Bedrooms
- 6
- Bathrooms
- 5
- Rooms
- Bedroom 1, Bathroom 1, Bedroom 4, Bedroom 3, Bedroom 6, Bathroom 4, Bathroom 2, Bedroom 5, Bathroom 5, Bedroom 2, Bathroom 3
- Standard status
- Active
- APN
- 09-32-309-009
- Size
- 4,272 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5735
Utilities
- Sewer type
- Public Sewer
- Heating system
- Wall Furnace
Building Details
- Year built
- 1940
- Number of units
- 5
- Flooring type
- Hardwood, Tile
- Building materials
- Brick
- Roof type
- Membrane
- Architectural style
- Other
Listing Agency:
Century 21 Everest
(801) 449-3000
Listed By:
Brian Noel · License #5469721
(801) 599-5292
Added: May 26
Changed: Jul 17
Last Checked: Jul 27 at 6:06AM
MLS# 2164454
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Investment Insights
Based on property information with market context.
This offering is a well-maintained 5-plex within the Multi-Family zoning designation. The property has major updates, including new plumbing throughout, along with other improvements intended to reduce maintenance and keep the units appealing to tenants. The asset is listed for sale with a total property size of 4,272 square feet and a lot size of 0.08 acres.
Located in Salt Lake City’s Avenues neighborhood, the property is described as being just minutes from downtown, the University of Utah, hospitals, restaurants, shopping, and public transit.
For showings, advance notice is required, and access to all units may not be available until an offer has been accepted. Buyer to verify all information, including square footage.
Located in Salt Lake City’s Avenues neighborhood, the property is described as being just minutes from downtown, the University of Utah, hospitals, restaurants, shopping, and public transit.
For showings, advance notice is required, and access to all units may not be available until an offer has been accepted. Buyer to verify all information, including square footage.
Key Highlights
- Brick 5‑plex built in 1940 in Salt Lake City’s Avenues neighborhood
- Flooring includes hardwood and tile
- Roof: membrane
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $101.5k | $23.76 |
| − Vacancy | −$5.3k | −$1.24 |
| EGI | $96.2k | $22.52 |
| − OpEx | −$43.3k | −$10.14 |
| NOI | $52.9k | $12.39 |
4,272 SF · lease $23.76/SF/yr · vacancy 5.20% · expense 45.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Five-unit multifamily property with new plumbing throughout and additional improvements for reduced maintenance.
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: Brick 5‑plex built in 1940 in Salt Lake City’s Avenues neighborhood; Flooring includes hardwood and tile; Roof: membrane
