12-Unit Townhouse-Style Apartment
646 E 1700 S, Salt Lake City, UT 84105
For Sale
$2,600,000
Residential, Salt Lake City, UT
Property Size12,048 SF
Lot Size0.57 Acres
Price / SF$215.80
Days on Market47
Property Features for 646 E 1700 S
General Information
Property type
Property subtype
Zoning
Zoning description
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
Window features
Lot features
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Subdivision
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Amenities
central heating and A/C
washer/dryer hookups
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Architectural style
Buildings
Listing Agency:
Investment Realty Advisors LLC
(435) 485-7070
Listed By:
Porter Criddle
(801) 694-5291
Added: Sep 29
Changed: Oct 24
Last Checked: Nov 14 at 7:06PM
MLS# 2188058
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Investment Insights
Based on property information with market context.
This 12-unit apartment property comprises three four-unit buildings on a 0.57-acre parcel. Built in 1979, the buildings contain 12,048 square feet and are constructed of brick. Each residence is a townhouse-style two-bedroom, 1.5-bathroom layout measuring approximately 1,004 square feet, with forced-air heating, central air conditioning, and washer and dryer hookups. Flooring includes vinyl, carpet, and tile. The property provides 22 covered parking stalls.
Located at 646 E 1700 S in Salt Lake City, the property is in the Liberty Wells neighborhood. Zoning is Multi-Family.
Located at 646 E 1700 S in Salt Lake City, the property is in the Liberty Wells neighborhood. Zoning is Multi-Family.
Key Highlights
- 12 apartments across three four‑unit buildings on one parcel
- Each townhouse‑style residence has 2 bedrooms, 1.5 bathrooms, and approximately 1,004 square feet
- Built in 1979; 12,048 square feet of building area on 0.57 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$149,256
Cap Rate
5.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,985,120
$3.0M
Cap Rate 7%
$2,132,229
$2.1M
Cap Rate 9%
$1,658,400
$1.7M
Market Conditions
NOI Build-Up for 12,048 SF
Gross rent
$286.3K $23.76/SF
− Vacancy
−$14.9K −$1.24/SF
EGI
$271.4K $22.52/SF
− OpEx
−$122.1K −$10.14/SF
NOI
$149.3K $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%
$2,985,120
Cap Rate 7%
$2,132,229
Cap Rate 9%
$1,658,400
Alternative Uses
Best Use
Apartment 5plus
$2.13M
$1.87M – $2.49M
NOI $149,256 @ 7.0% cap · market cap 5.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.25M
$2.84M – $3.79M
NOI $227,213 @ 7.0% cap · market cap 8.74%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
1,024
Businesses Nearby
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Business Placement
Demographics for 84105, UT
22,856
Population
10,953
Households
2.1
Avg Household Size
35
Median Age
66%
College-Educated
97%
High-School Grad
3.1 sq mi
ZIP Area
7,373
Density / Sq Mi
$94,145
Median Household Income
$52,785
Median Earnings
$1,482
Median Rent
$632,200
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Salt Lake City, UT
Properties on Market for Apartment buildings in Salt Lake City
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Three buildings on one parcel offer individually equipped residences with in-unit laundry hookups and covered parking.
Where is this apartment building located?
The property is located at 646 E 1700 S Salt Lake City, UT.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: 12 apartments across three four‑unit buildings on one parcel; Each townhouse‑style residence has 2 bedrooms, 1.5 bathrooms, and approximately 1,004 square feet; Built in 1979; 12,048 square feet of building area on 0.57 acres
