15-Unit Apartment
For Sale
$4,450,000
425 S 900 E, Salt Lake City, UT 84102
MULTI_FAMILY - Other - Salt Lake City, UT
Property Size13,128 SF
Lot Size0.31 Acres
Price / SF$338.97
Days on Market99
Property Features for 425 S 900 E
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Multi-Family
Zoning description
RMF-35
Bedrooms
27
Bathrooms
15
Full bathrooms
15
Rooms
Bedroom 15, Bathroom 6, Bedroom 7, Bedroom 21, Bedroom 6, Bedroom 27, Bathroom 2, Bedroom 22, Bathroom 10, Bedroom 4, Bedroom 20, Bedroom 14, Bathroom 11, Bedroom 13, Bedroom 8, Bedroom 24, Bedroom 2, Bathroom 5, Bathroom 13, Bedroom 11, Bathroom 7, Bedroom 25, Bathroom 8, Bedroom 10, Bedroom 23, Bedroom 26, Bathroom 14, Bedroom 3, Bedroom 16, Bathroom 15, Bedroom 12, Bedroom 5, Bedroom 18, Bedroom 9, Bathroom 1, Bathroom 12, Bathroom 9, Bathroom 3, Bedroom 17, Bedroom 19, Bathroom 4, Bedroom 1
Parking features
Covered
Window features
Blinds
Patio and Porch features
Patio
Exterior features
Patio: Covered, Secured Building, Sliding Glass Doors
Subdivision
PLAT B
Lot features
Sprinkler: Auto- Full
Elementary school
Wasatch
Middle school
Bryant
High school
East
Elementary school district
Salt Lake
Middle school district
Salt Lake
High school district
Salt Lake
Standard status
Active
APN
16-05-332-024
Size
13,128 SF
Lot size
0.31 Acres
Taxes and HOA fees
Tax Annual Amount
20597
Utilities
Heating system
Forced Air
Building Details
Year built
1971
Floors in Building
2
Number of units
15
Flooring type
Tile, Hardwood
Building materials
Brick
Architectural style
Other
Listing Agency:
Investment Realty Advisors LLC
(435) 485-7070
Listed By:
Porter Criddle
(801) 694-5291
Added: Apr 28
Changed: Aug 1
Last Checked: Aug 4 at 4:06PM
MLS# 2153765
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Investment Insights
Based on property information with market context.
This apartment building offers 15 units arranged as twelve 2-bedroom/1-bath apartments and three 1-bedroom/1-bath apartments. The property was comprehensively renovated in 2022 by current ownership, including upgrades such as modern cabinetry, countertops, flooring, paint, appliances, and HVAC systems. The exterior is constructed of brick, and interior finishes include hardwood and tile flooring. Heating is provided by forced-air systems.
Set on a 0.31-acre lot, the building totals 13,128 square feet and was built in 1971. Exterior and site features include a covered patio, a secured building, and sliding glass doors. Covered parking is available for residents.
Set on a 0.31-acre lot, the building totals 13,128 square feet and was built in 1971. Exterior and site features include a covered patio, a secured building, and sliding glass doors. Covered parking is available for residents.
Key Highlights
- 15‑unit apartment building with twelve 2‑bedroom/1‑bath units and three 1‑bedroom/1‑bath units
- Comprehensively renovated in 2022 with upgrades including HVAC, flooring, paint, cabinetry, and appliances
- 0.31‑acre lot with 13,128 square feet of building space
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
15
Residential units
Location Intelligence
Trade Area within ½ mile
802
Businesses Nearby
Explore this area
Business Placement
Demographics for 84102, UT
18,857
Population
11,348
Households
1.7
Avg Household Size
29
Median Age
56%
College-Educated
94%
High-School Grad
1.9 sq mi
ZIP Area
9,925
Density / Sq Mi
$50,040
Median Household Income
$32,432
Median Earnings
$1,305
Median Rent
$487,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Multi-family zoned 15-unit apartment building with a secured building setup and covered patio.
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 with twelve 2‑bedroom/1‑bath units and three 1‑bedroom/1‑bath units; Comprehensively renovated in 2022 with upgrades including HVAC, flooring, paint, cabinetry, and appliances; 0.31‑acre lot with 13,128 square feet of building space
