Renovated 15-Unit Apartment
425 S 900 E Salt Lake City, UT 84102
For Sale
Contact for pricing
Renovated in 2022, this 15-unit building features a mix of two- and one-bedroom layouts with updated interiors and HVAC.
Property Size13,128 SF
Price / SF$338.97
Days on Market86
Property Features for 425 S 900 E
General Information
- Standard status
- Active
- Size
- 13,128 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1971
Listing Agency:
Investment Realty Advisors
(435) 485-7070
Listed By:
Porter Criddle · License #UT
Source:
Crexi
Added: May 1
Changed: Jul 21
Last Checked: Jul 24 at 12:31PM
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 Investment Realty Advisors
Investment Insights
Based on property information with market context.
This well-located 15-unit apartment building offers a desirable unit mix of twelve 2-bedroom/1-bath units and three 1-bedroom/1-bath units. Ownership completed a comprehensive renovation in 2022, with upgrades including modern cabinetry, countertops, flooring, paint, appliances, and HVAC systems throughout the property. The result is a clean, updated interior feel while maintaining a level of character consistent with the surrounding neighborhood.
The property is located at 425 S 900 E in Salt Lake City, just minutes from the University of Utah. Public remarks also note proximity to hospital systems and downtown, contributing to consistently strong tenant demand.
The building presents an income-producing multifamily asset with fully renovated unit interiors and mechanical upgrades, supported by the practical appeal of the existing 2-bedroom and 1-bedroom floorplans for a range of renters.
The property is located at 425 S 900 E in Salt Lake City, just minutes from the University of Utah. Public remarks also note proximity to hospital systems and downtown, contributing to consistently strong tenant demand.
The building presents an income-producing multifamily asset with fully renovated unit interiors and mechanical upgrades, supported by the practical appeal of the existing 2-bedroom and 1-bedroom floorplans for a range of renters.
Key Highlights
- 15‑unit apartment building built in 1971 with 12 two‑bedroom/1‑bath units and 3 one‑bedroom/1‑bath units
- Comprehensively renovated in 2022 with modern cabinetry, countertops, flooring, paint, appliances, and HVAC upgrades
- Updated interiors across the unit mix, featuring 2- and 1‑bedroom layouts for a range of tenant needs
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 | $311.9k | $23.76 |
| − Vacancy | −$16.2k | −$1.24 |
| EGI | $295.7k | $22.52 |
| − OpEx | −$133.1k | −$10.14 |
| NOI | $162.6k | $12.39 |
13,128 SF · lease $23.76/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.32M
$2.03M – $2.71M
NOI $162,636 @ 7.0% cap · market cap 3.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.54M
$3.09M – $4.13M
NOI $247,581 @ 7.0% cap · market cap 5.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
TM SALT LAKE
Warehouse & Storage
Village Trax
Apartment Building
FAQs
What type of property is this?
Apartment building - Renovated in 2022, this 15-unit building features a mix of two- and one-bedroom layouts with updated interiors and HVAC.
Where is this apartment building located?
The property is located at 425 S 900 E Salt Lake City, UT.
What is the asking price?
The asking price for this property is $4,450,000.
What are key features of this property?
This property features: 15‑unit apartment building built in 1971 with 12 two‑bedroom/1‑bath units and 3 one‑bedroom/1‑bath units; Comprehensively renovated in 2022 with modern cabinetry, countertops, flooring, paint, appliances, and HVAC upgrades; Updated interiors across the unit mix, featuring 2- and 1‑bedroom layouts for a range of tenant needs
