Brick Apartment
For Sale
$1,999,000
653 E 300 S, Salt Lake City, UT 84102
Residential, Salt Lake City, UT
Property Size11,564 SF
Lot Size0.22 Acres
Price / SF$172.86
Days on Market141
Property Features for 653 E 300 S
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Multi-Family
Zoning description
RMF 45
Bedrooms
18
Bathrooms
14
Full bathrooms
14
Rooms
Bedroom 15, Bedroom 11, Bathroom 1, Bathroom 9, Bedroom 2, Bedroom 8, Bedroom 14, Bedroom 5, Bathroom 5, Bedroom 6, Bedroom 7, Bedroom 18, Bathroom 7, Bedroom 1, Bedroom 10, Bathroom 10, Bedroom 3, Bedroom 12, Bathroom 12, Bathroom 3, Bedroom 13, Bedroom 17, Bathroom 8, Bathroom 13, Bathroom 2, Bedroom 4, Bedroom 9, Bathroom 6, Bedroom 16, Bathroom 11, Bathroom 14, Bathroom 4
Parking
9
Patio and Porch features
Patio
Exterior features
Patio: Covered
Subdivision
PLAT B
Elementary school
Bennion (M Lynn)
Middle school
Bryant
High school
East
Elementary school district
Salt Lake
Middle school district
Salt Lake
High school district
Salt Lake
Standard status
Active
APN
16-05-153-009
Size
11,564 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Annual Amount
14400
Utilities
Sewer type
Public Sewer
Heating system
Steam
Building Details
Year built
1913
Floors in Building
3
Number of units
14
Flooring type
Carpet, Hardwood
Building materials
Brick
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Realtypath LLC (Preferred)
(801) 386-5908
Listed By:
Michael Lund
(801) 889-8724
Added: Jun 6
Changed: Oct 17
Last Checked: Oct 24 at 1:06AM
MLS# 2163456
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 11,564-square-foot apartment property contains 14 units: four two-bedroom apartments and ten one-bedroom apartments. Built in 1913, the building has brick construction, carpet and hardwood flooring, steam heating, an asphalt roof, and a covered patio. Public sewer serves the property, which occupies 0.22 acres at 653 E 300 S in Salt Lake City.
The property is positioned in the downtown Salt Lake City area, with dining, entertainment, shopping, and a Trax station identified nearby. Its established multifamily layout and Multi-Family zoning provide a defined residential income-property configuration.
The property is positioned in the downtown Salt Lake City area, with dining, entertainment, shopping, and a Trax station identified nearby. Its established multifamily layout and Multi-Family zoning provide a defined residential income-property configuration.
Key Highlights
- 14‑unit apartment property with four 2‑bedroom and ten 1‑bedroom apartments
- 11,564 Square Feet on 0.22 acres
- Built in 1913 with brick construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$143,260
Cap Rate
7.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,865,200
$2.9M
Cap Rate 7%
$2,046,571
$2.0M
Cap Rate 9%
$1,591,778
$1.6M
Market Conditions
NOI Build-Up for 11,564 SF
Gross rent
$274.8K $23.76/SF
− Vacancy
−$14.3K −$1.24/SF
EGI
$260.5K $22.52/SF
− OpEx
−$117.2K −$10.14/SF
NOI
$143.3K $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%
$2,865,200
Cap Rate 7%
$2,046,571
Cap Rate 9%
$1,591,778
Alternative Uses
Best Use
Apartment 5plus
$2.05M
$1.79M – $2.39M
NOI $143,260 @ 7.0% cap · market cap 7.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.12M
$2.73M – $3.63M
NOI $218,086 @ 7.0% cap · market cap 10.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
14
Residential units
Location Intelligence
Trade Area within ½ mile
3,857
Businesses Nearby
Explore this area
Business Placement
Demographics for 84102, UT
18,857
Population
11,348
Households
1.7
Avg Household Size
29
Median Age
56%
College-Educated
94%
High-School Grad
1.9 sq mi
ZIP Area
9,925
Density / Sq Mi
$50,040
Median Household Income
$32,432
Median Earnings
$1,305
Median Rent
$487,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Multi-Family zoning supports the existing apartment configuration with covered patio space and durable brick construction.
Where is this apartment building located?
The property is located at 653 E 300 S Salt Lake City, UT.
What is the asking price?
The asking price for this property is $1,999,000.
What are key features of this property?
This property features: 14‑unit apartment property with four 2‑bedroom and ten 1‑bedroom apartments; 11,564 Square Feet on 0.22 acres; Built in 1913 with brick construction
