5-Unit Apartment
For Sale
$1,150,000
201 N I St, Salt Lake City, UT 84103
Residential, Salt Lake City, UT
Property Size4,272 SF
Lot Size0.08 Acres
Price / SF$269.19
Days on Market162
Property Features for 201 N I St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Multi-Family
Zoning description
SR-1
Bedrooms
6
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 4, Bedroom 2, Bedroom 1, Bedroom 3, Bedroom 6, Bathroom 4, Bathroom 5, Bedroom 5, Bathroom 3, Bathroom 2, Bathroom 1
Interior features
Oven: Gas, Range: Gas, Range/Oven: Free Stdng.
Lot features
Corner Lot
Elementary school
Wasatch
Middle school
Bryant
High school
West
Elementary school district
Salt Lake
Middle school district
Salt Lake
High school district
Salt Lake
Subdivision
Salt Lake City: Avenues Area
Standard status
Active
APN
09-32-309-009
Size
4,272 SF
Lot size
0.08 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Annual Amount
5735
Utilities
Sewer type
Public Sewer
Heating system
Central, Wall Furnace, Natural Gas, Forced Air
Building Details
Year built
1940
Number of units
5
Flooring type
Hardwood, Tile
Building materials
Brick
Roof type
Asphalt, Membrane
Architectural style
Other
Listing Agency:
Century 21 Everest · Century 21 Real Estate
(801) 449-3000
Listed By:
Brian Noel · License #5469721
(801) 599-5292
Added: May 26
Changed: Oct 30
Last Checked: Nov 3 at 7:06AM
MLS# 2164454
Copyright © 2026 UtahRealEstate.com. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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 5-unit apartment building contains 4,272 square feet on a 0.08-acre parcel and was built in 1940. The brick structure includes hardwood and tile flooring, gas ranges and ovens, and a mix of central, wall furnace, natural gas, and forced-air heating. Public sewer serves the property, and the roof includes asphalt and membrane materials.
Recent improvements include new plumbing and electrical throughout, replacement windows, and upgraded porch decking. The property is zoned Multi-Family and is located in Salt Lake City's Avenues neighborhood, near downtown, the University of Utah, hospitals, restaurants, shopping, and public transit.
Recent improvements include new plumbing and electrical throughout, replacement windows, and upgraded porch decking. The property is zoned Multi-Family and is located in Salt Lake City's Avenues neighborhood, near downtown, the University of Utah, hospitals, restaurants, shopping, and public transit.
Key Highlights
- 5‑unit apartment building with 4,272 square feet
- 0.08‑acre parcel in Salt Lake City's Avenues neighborhood
- New plumbing and electrical 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Brick multifamily property with updated plumbing, electrical, windows, and porch decking in the Avenues neighborhood.
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: 5‑unit apartment building with 4,272 square feet; 0.08‑acre parcel in Salt Lake City's Avenues neighborhood; New plumbing and electrical throughout
