Two-Triplex Multifamily
New
For Sale
$1,499,900
52 E 200 N, Salt Lake City, UT 84103
Six units across two parcels with individual electric metering and RMF 35 zoning.
Property Size5,570 SF
Lot Size0.32 Acres
Price / SF$269.28
Days on Market2
Property Features for 52 E 200 N
General Information
Standard status
Active
Size
5,570 SF
Lot size
0.32 Acres
Property subtype
Multi-Family
Zoning
RMF 35
Additional Details
Utilities to Site
Yes
Multifamily Units
6
Building Details
Year Built
1902
Buildings
2
Listing Agency:
Equity Real Estate
Listed By:
Wiser Real Estate
(801) 930-0214
Source:
Wiserhomesearch
Added: Sep 18
Last Checked: Sep 18 at 6:39AM
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 Equity Real Estate
Investment Insights
Based on property information with market context.
This multifamily offering combines two triplex buildings on separate parcels at 52 E 200 N and 54 E 200 N in Salt Lake City. The property contains six residential units within older buildings that have received updates, while retaining historic architectural character. Total building area is 5,570 square feet on a 0.32-acre site.
Each unit has its own power meter. The 54 E 200 N building also has separate gas meters for each unit, while the 52 E 200 N building is served by one gas meter. The property is zoned RMF 35 and includes views toward the Wasatch Mountains and Downtown Salt Lake City.
Each unit has its own power meter. The 54 E 200 N building also has separate gas meters for each unit, while the 52 E 200 N building is served by one gas meter. The property is zoned RMF 35 and includes views toward the Wasatch Mountains and Downtown Salt Lake City.
Key Highlights
- Two triplex buildings with six total residential units
- Separate parcels sold together at 52 E 200 N and 54 E 200 N
- 5,570 square feet of building area on 0.32 acres
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$74,281
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.95%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,485,620
$1.5M
Cap Rate 7%
$1,061,157
$1.1M
Cap Rate 9%
$825,344
$825.3K
Market Conditions
NOI Build-Up for 5,570 SF
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.
Gross rent
$112.3K $20.16/SF
− Vacancy
−$6.2K −$1.11/SF
EGI
$106.1K $19.05/SF
− OpEx
−$31.8K −$5.72/SF
NOI
$74.3K $13.34/SF
Area
Salt Lake City, UT
Vacancy
5.50%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,485,620
Cap Rate 7%
$1,061,157
Cap Rate 9%
$825,344
Alternative Uses
Best Use
Multifamily LT 5
$1.06M
$928.5K – $1.24M
NOI $74,281 @ 7.0% cap · market cap 4.95%
Second Best
Apartment 5plus
$985.8K
$862.6K – $1.15M
NOI $69,004 @ 7.0% cap · market cap 4.60%
Theoretical Best
Office A
$1.50M
$1.31M – $1.75M
NOI $105,045 @ 7.0% cap · market cap 7.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
6
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
5,236
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
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Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Six units across two parcels with individual electric metering and RMF 35 zoning.
Where is this triplex located?
The property is located at 52 E 200 N Salt Lake City, UT.
What is the asking price?
The asking price for this property is $1,499,900.
What are key features of this property?
This property features: Two triplex buildings with six total residential units; Separate parcels sold together at 52 E 200 N and 54 E 200 N; 5,570 square feet of building area on 0.32 acres
