Historic 7-Unit Apartment
For Sale
$1,949,999
60 E St, Salt Lake City, UT 84103
MULTI_FAMILY - Other - Salt Lake City, UT
Property Size6,620 SF
Lot Size0.11 Acres
Price / SF$294.56
Days on Market121
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
Bathroom 5, Bathroom 1, Bedroom 9, Bathroom 7, Bedroom 12, Bedroom 8, Bedroom 5, Bedroom 1, Bathroom 6, Bathroom 3, Bedroom 4, Bedroom 3, Bedroom 7, Bedroom 10, Bathroom 4, Bedroom 11, Bedroom 2, Bedroom 6, Bathroom 2
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
Taxes and HOA fees
Tax Annual Amount
7197
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Central, Natural Gas
Amenities
fire escapes
in-unit washer/dryers
dishwashers
private balconies
Building Details
Year built
1906
Floors in Building
2
Number of units
7
Flooring type
Hardwood, Tile, Carpet
Building materials
Brick
Roof type
Flat
Architectural style
Other
Listing Agency:
Utah Home Central
(801) 414-5790
Listed By:
Matthew Sprunt · License #5918803
(801) 414-5790
Added: Apr 6
Changed: Aug 3
Last Checked: Aug 4 at 4:06PM
MLS# 2148322
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Investment Insights
Based on property information with market context.
Built in 1906, this 7-unit apartment property contains 6,620 square feet on 0.11 acres and is zoned Multi-Family. Brick construction, hardwood and tile flooring, original fireplaces, exposed brick accents, high ceilings, bay box windows, and select balconies contribute distinctive character. Kitchens and bathrooms have been updated, while central and forced-air heating is supplied by natural gas. Three units include in-unit washers and dryers, and five have built-in dishwashers. The property also includes a covered patio, basement entrance, public sewer service, and required fire escapes.
The property is fully leased and sits in Salt Lake City's Avenues neighborhood, near the University of Utah and City Creek Canyon. Downtown Salt Lake City is within walking distance. The reported cap rate is 5.7%.
The property is fully leased and sits in Salt Lake City's Avenues neighborhood, near the University of Utah and City Creek Canyon. Downtown Salt Lake City is within walking distance. The reported cap rate is 5.7%.
Key Highlights
- 7‑unit apartment property with 6,620 square feet on 0.11 acres
- Built in 1906 with brick construction and historic interior details
- Fully leased multifamily property with a reported 5.7% cap rate
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 | $157.3k | $23.76 |
| − Vacancy | −$8.2k | −$1.24 |
| EGI | $149.1k | $22.52 |
| − OpEx | −$67.1k | −$10.14 |
| NOI | $82.0k | $12.39 |
6,620 SF · lease $23.76/SF/yr · vacancy 5.20% · expense 45.00%
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.
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Brick construction, updated kitchens and bathrooms, and select private balconies support contemporary multifamily living.
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 on 0.11 acres; Built in 1906 with brick construction and historic interior details; Fully leased multifamily property with a reported 5.7% cap rate
