Historic 7-Unit Apartment
For Sale
$1,949,999
60 E St, Salt Lake City, UT 84103
Residential, Salt Lake City, UT
Property Size6,620 SF
Lot Size0.11 Acres
Price / SF$294.56
Days on Market212
Property Features for 60 E St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Multi-Family
Bedrooms
12
Bathrooms
7
Full bathrooms
7
Rooms
Bedroom 3, Bedroom 2, Bathroom 7, Bedroom 7, Bathroom 1, Bedroom 12, Bedroom 10, Bathroom 5, Bedroom 1, Bedroom 5, Bedroom 4, Bedroom 8, Bathroom 4, Bedroom 6, Bathroom 3, Bedroom 11, Bathroom 6, Bathroom 2, Bedroom 9
Window features
Blinds
Patio and Porch features
Patio
Interior features
Alarm: Fire, Disposal, Gas Log, Kitchen: Updated, Oven: Gas, Dishwasher: Built-In
Exterior features
Balcony, Basement Entrance, Bay Box Windows, Entry (Foyer), Lighting, Patio: Covered
Subdivision
SULA APARTMENTS
Lot features
Road: Paved, Sidewalks
Elementary school
Wasatch
Middle school
Bryant
High school
West
Elementary school district
Salt Lake
Middle school district
Salt Lake
High school district
Salt Lake
Standard status
Active
APN
09-31-480-010
Size
6,620 SF
Lot size
0.11 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Annual Amount
7197
Utilities
Sewer type
Public Sewer
Heating system
Central, Forced Air, Natural Gas
Amenities
fire escapes
in-unit washer and dryers
dishwashers
private balconies
Building Details
Year built
1906
Floors in Building
2
Number of units
7
Flooring type
Carpet, Hardwood, Tile
Building materials
Brick
Roof type
Flat
Architectural style
Other
Listing Agency:
Utah Home Central
Listed By:
Matthew Sprunt · License #5918803
(801) 414-5790
Added: Apr 6
Changed: Oct 24
Last Checked: Nov 3 at 7:06AM
MLS# 2148322
Copyright © 2026 UtahRealEstate.com. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 1906, this 6,620-square-foot brick apartment property contains 7 units and combines historic architectural details with updated residential interiors. Hardwood flooring, original fireplaces, exposed brick, high ceilings, bay box windows, and select private balconies contribute to the building’s character. Kitchens and bathrooms have been updated, while three units include in-unit washers and dryers and five have built-in dishwashers. The property also features central forced-air heating, a covered patio, public sewer, and required fire escapes.
The property is located at 60 E St in Salt Lake City’s Avenues neighborhood, near the University of Utah, City Creek Canyon, and downtown Salt Lake City. It is fully leased and carries a 5.7% cap rate. The site encompasses 0.11 acres and is zoned Multi-Family.
The property is located at 60 E St in Salt Lake City’s Avenues neighborhood, near the University of Utah, City Creek Canyon, and downtown Salt Lake City. It is fully leased and carries a 5.7% cap rate. The site encompasses 0.11 acres and is zoned Multi-Family.
Key Highlights
- 7‑unit apartment property with 6,620 square feet
- Historic brick construction dating to 1906
- Fully leased with a 5.7% cap rate
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$82,012
Cap Rate
4.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,640,240
$1.6M
Cap Rate 7%
$1,171,600
$1.2M
Cap Rate 9%
$911,244
$911.2K
Market Conditions
NOI Build-Up for 6,620 SF
Gross rent
$157.3K $23.76/SF
− Vacancy
−$8.2K −$1.24/SF
EGI
$149.1K $22.52/SF
− OpEx
−$67.1K −$10.14/SF
NOI
$82.0K $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%
$1,640,240
Cap Rate 7%
$1,171,600
Cap Rate 9%
$911,244
Alternative Uses
Best Use
Apartment 5plus
$1.17M
$1.03M – $1.37M
NOI $82,012 @ 7.0% cap · market cap 4.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.78M
$1.56M – $2.08M
NOI $124,847 @ 7.0% cap · market cap 6.40%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
7
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
4,190
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
Frequently Asked Questions
What type of property is this?
Apartment building - Brick multifamily property with updated kitchens, modernized bathrooms, and select private balconies.
Where is this apartment building located?
The property is located at 60 E St Salt Lake City, UT.
What is the asking price?
The asking price for this property is $1,949,999.
What are key features of this property?
This property features: 7‑unit apartment property with 6,620 square feet; Historic brick construction dating to 1906; Fully leased with a 5.7% cap rate
