Two-Triplex Multifamily
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 Market47
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
Site & Location
Neighborhood
Capitol Hill
Utilities to Site
Yes
Additional Details
Multifamily Units
6
Building Details
Year Built
1902
Buildings
2
Listing Agency:
Utah Key Real Estate, LLC
Listed By:
Wiser Real Estate
(801) 930-0214
Source:
Wiserhomesearch
Added: Sep 18
Changed: Nov 1
Last Checked: Nov 3 at 6:35AM
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 Utah Key Real Estate, LLC
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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 / Yr
$74,281
Cap Rate
4.95%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
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Lease Details
6
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
5,236
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
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
