39-Unit Multifamily Property with
404 E 5600 S, Murray, UT 84107
For Sale
$8,500,000
Residential, Murray, UT
Property Size38,374 SF
Lot Size2.60 Acres
Price / SF$221.50
Days on Market605
Property Features for 404 E 5600 S
General Information
Property type
Property subtype
Zoning
Zoning description
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Interior features
Exterior features
Accessibility
Lot features
Elementary school
Middle school
High school
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Amenities
fitness center
resident lounge
fire pits
BBQ courtyard
locked storage rooms
large grass areas
community laundry rooms
luxury plank flooring
quartz countertops
stainless steel GE kitchen appliances
microwave
refrigerator
4 burner range electric stove
dishwasher
disposal
two-tone kitchen cabinetry
air conditioning
panoramic views
open-concept floorplans
full-height backsplash
undermount stainless steel sinks
Building Details
Year built
Floors in Building
Number of units
Architectural style
Listing Agency:
Investment Realty Advisors LLC
(435) 485-7070
Listed By:
Joseph Mills · License UT #5652815
(801) 971-2542
Added: Mar 19, 2025
Changed: Oct 24
Last Checked: Nov 13 at 11:06PM
MLS# 2093496
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.
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Investment Insights
Based on property information with market context.
This 39-unit apartment property was built in 1969 and renovated in 2023. Improvements include updated kitchens with quartz countertops, stainless steel GE appliances, plank flooring, and air conditioning in every unit. Community features include a fitness center, resident lounge, fire pits, a BBQ courtyard, community laundry rooms, an elevator, and assigned covered parking. Each apartment has a locked storage room, and the 2.6-acre site includes green space.
The property is at 404 E 5600 S in Murray, with access to TRAX, I-15, and I-215. Shopping and Intermountain Medical Center are nearby. Eight units are currently vacant, providing an opportunity to lease additional apartments.
The property is at 404 E 5600 S in Murray, with access to TRAX, I-15, and I-215. Shopping and Intermountain Medical Center are nearby. Eight units are currently vacant, providing an opportunity to lease additional apartments.
Key Highlights
- 39 apartments on a 2.6‑acre property
- Renovated in 2023; originally built in 1969
- Eight vacant units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$475,395
Cap Rate
5.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,507,900
$9.5M
Cap Rate 7%
$6,791,357
$6.8M
Cap Rate 9%
$5,282,167
$5.3M
Market Conditions
NOI Build-Up for 38,374 SF
Gross rent
$911.8K $23.76/SF
− Vacancy
−$47.4K −$1.24/SF
EGI
$864.4K $22.52/SF
− OpEx
−$389.0K −$10.14/SF
NOI
$475.4K $12.39/SF
Area
Salt Lake County, 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%
$9,507,900
Cap Rate 7%
$6,791,357
Cap Rate 9%
$5,282,167
Alternative Uses
Best Use
Apartment 5plus
$6.79M
$5.94M – $7.92M
NOI $475,395 @ 7.0% cap · market cap 5.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.34M
$9.05M – $12.06M
NOI $723,696 @ 7.0% cap · market cap 8.51%
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
39
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,282
Businesses Nearby
Explore this area
Business Placement
Demographics for 84107, UT
37,713
Population
17,287
Households
2.2
Avg Household Size
34
Median Age
38%
College-Educated
93%
High-School Grad
7.5 sq mi
ZIP Area
5,028
Density / Sq Mi
$73,469
Median Household Income
$46,098
Median Earnings
$1,387
Median Rent
$426,000
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Salt Lake County, UT
Properties on Market for Apartment buildings in Salt Lake County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Renovated residences pair updated interiors with shared spaces, covered parking, and individual storage.
Where is this apartment building located?
The property is located at 404 E 5600 S Murray, UT.
What is the asking price?
The asking price for this property is $8,500,000.
What are key features of this property?
This property features: 39 apartments on a 2.6‑acre property; Renovated in 2023; originally built in 1969; Eight vacant units
