Renovated 71-Unit Multifamily
For Sale
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218 W 400 N, Salt Lake City, UT 84103
Seventy-one-unit multifamily property with parking, laundry, and outdoor gathering spaces, renovated in 2016 and 2022.
Property SizeContact for details
Days on Market59
Property Features for 218 W 400 N
General Information
Standard status
Active
Property subtype
Multifamily
Listing Agency:
Chicago - Downtown
Listed By:
Tyler Hague · License #IL: 471.009171; IN: PB21300474; WI: 57999-90
(312) 612-5936
Source:
Colliers
Added: Jul 14
Changed: Sep 8
Last Checked: Sep 7 at 4:28AM
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 Chicago - Downtown
Investment Insights
Based on property information with market context.
Ascent at Marmalade is a 71-unit multifamily community on a 1.9-acre site featuring seven two- and three-story buildings. The property offers a mix of one- and two-bedroom floor plans, averaging approximately 895 square feet per unit. It was originally constructed in 1953 and underwent renovations in 2016 and 2022. Parking totals 91 spaces, including a combination of covered and surface stalls.
Community amenities include on-site management, a laundry facility, a picnic area, and outdoor gathering spaces with a BBQ area, pergola, and fire pit. Unit interiors include stainless steel or black appliances, washer/dryer in select units, walk-in closets, and quartz countertops in renovated units.
The property is currently operating at approximately 88.7% occupancy. A court-appointed Receiver is overseeing operations with a stabilization plan addressing operational and life safety items. Eight units are currently offline due to a localized site condition, with engineering reports in progress for remediation, and two additional units require renovation.
Community amenities include on-site management, a laundry facility, a picnic area, and outdoor gathering spaces with a BBQ area, pergola, and fire pit. Unit interiors include stainless steel or black appliances, washer/dryer in select units, walk-in closets, and quartz countertops in renovated units.
The property is currently operating at approximately 88.7% occupancy. A court-appointed Receiver is overseeing operations with a stabilization plan addressing operational and life safety items. Eight units are currently offline due to a localized site condition, with engineering reports in progress for remediation, and two additional units require renovation.
Key Highlights
- 71‑unit multifamily community on a 1.9‑acre site at the northwest corner of 200 West and 400 North in Salt Lake City’s Marmalade District
- Originally constructed in 1953; renovation updates completed in 2016 and 2022
- Seven two- and three‑story buildings with a mix of 1- and 2‑bedroom units; average unit size ~895 SF
Property Analytics
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Trade Area within ½ mile
931
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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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Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Seventy-one-unit multifamily property with parking, laundry, and outdoor gathering spaces, renovated in 2016 and 2022.
Where is this apartment building located?
The property is located at 218 W 400 N Salt Lake City, UT.
What are key features of this property?
This property features: 71‑unit multifamily community on a 1.9‑acre site at the northwest corner of 200 West and 400 North in Salt Lake City’s Marmalade District; Originally constructed in 1953; renovation updates completed in 2016 and 2022; Seven two- and three‑story buildings with a mix of 1- and 2‑bedroom units; average unit size ~895 SF
