Six-Unit Multifamily
For Sale
$2,100,000
55 E 200 N, Salt Lake City, UT 84103
Three detached duplex buildings create a residential property near downtown Salt Lake City.
Property Size7,304 SF
Days on Market181
Property Features for 55 E 200 N
General Information
Standard status
Active
Size
7,304 SF
Property subtype
> 4 Units
Units
Unit Mix
2 x 1BR/1BA, 2 x 2BR/1BA, 2 x 3BR/1BA
Multifamily Units
6
Parking per Unit
1
Taxes and HOA fees
Annual Taxes
$8,815
Amenities
original hardwood floors
fireplaces
private balconies
central courtyard
shared laundry
additional storage
covered parking
Building Details
Building Size
7,304 SF
Year Built
1936
Buildings
3
Listing Agency:
Summit Sotheby's International Realty
Listed By:
Thomas Wright · License #5487887
(801) 725-9800
Source:
Acresutah
Added: Apr 9
Changed: Sep 30
Last Checked: Oct 5 at 9:17PM
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 Summit Sotheby's International Realty
Investment Insights
Based on property information with market context.
Built in 1936, the property comprises three detached duplex buildings with six residences. The unit mix includes two one-bedroom, two two-bedroom, and two three-bedroom apartments, each with one bathroom. Interior details include hardwood floors, fireplaces, curved doorways, and vintage tile. Some apartments have a den or dining area and a private balcony with views of downtown and the mountains. A central courtyard, shared laundry, storage, and covered parking for each residence complete the shared amenities.
The property is in Salt Lake City’s Capitol Hill area, near downtown, the State Capitol, and the Avenues. The University of Utah and the airport are also among the nearby destinations.
The property is in Salt Lake City’s Capitol Hill area, near downtown, the State Capitol, and the Avenues. The University of Utah and the airport are also among the nearby destinations.
Key Highlights
- Three detached duplex buildings with six residential units
- Unit mix: two one‑bedroom, two two‑bedroom, and two three‑bedroom apartments; one bathroom per unit
- Built in 1936, with hardwood floors, fireplaces, curved doorways, and vintage tile
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$90,485
Cap Rate
4.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,809,700
$1.8M
Cap Rate 7%
$1,292,643
$1.3M
Cap Rate 9%
$1,005,389
$1.0M
Market Conditions
NOI Build-Up for 7,304 SF
Gross rent
$173.5K $23.76/SF
− Vacancy
−$9.0K −$1.24/SF
EGI
$164.5K $22.52/SF
− OpEx
−$74.0K −$10.14/SF
NOI
$90.5K $12.39/SF
Area
Salt Lake City, 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%
$1,809,700
Cap Rate 7%
$1,292,643
Cap Rate 9%
$1,005,389
Alternative Uses
Best Use
Apartment 5plus
$1.29M
$1.13M – $1.51M
NOI $90,485 @ 7.0% cap · market cap 4.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.97M
$1.72M – $2.30M
NOI $137,746 @ 7.0% cap · market cap 6.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
3,435
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
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Three detached duplex buildings create a residential property near downtown Salt Lake City.
Where is this multifamily property located?
The property is located at 55 E 200 N Salt Lake City, UT.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Three detached duplex buildings with six residential units; Unit mix: two one‑bedroom, two two‑bedroom, and two three‑bedroom apartments; one bathroom per unit; Built in 1936, with hardwood floors, fireplaces, curved doorways, and vintage tile
