Residential Income Apartment
7075 E St Salt Lake City, UT 84101
For Sale
$3,800,000
Apartment building on 3.35 acres, offering 22,442 square feet, with zoning and allowed uses to be confirmed.
Property Size22,442 SF
Lot Size3.35 Acres
Price / SF$169.33
Days on Market26
Property Features for 7075 E St
General Information
- Standard status
- Active
- Size
- 22,442 SF
- Lot size
- 3.35 Acres
Listing Agency:
CBRE, Inc
(801) 949-5149
Listed By:
Kreg Peterson · License #5483446-SA00
(801) 949-5149
Source:
Exprealty
Added: Jun 29
Changed: Jul 21
Last Checked: Jul 23 at 8:04PM
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 CBRE, Inc
Investment Insights
Based on property information with market context.
The property is a residential income apartment building located at 7075 E St in Salt Lake City, Utah. The offering includes a building with 22,442 square feet of space situated on 3.35 acres of land. Zoning is described as R-1-8, and allowed uses must be confirmed with the city.
According to the listing remarks, the owner has a mandatory 30-day listing period, after which offers will be reviewed. The property is being presented for sale with a specified call-for-offers date of July 29, 2026.
Interested parties should verify zoning requirements and permitted uses directly with the city before proceeding.
According to the listing remarks, the owner has a mandatory 30-day listing period, after which offers will be reviewed. The property is being presented for sale with a specified call-for-offers date of July 29, 2026.
Interested parties should verify zoning requirements and permitted uses directly with the city before proceeding.
Key Highlights
- Apartment building with 22,442 SF on 3.35 acres in Cottonwood Heights, Utah
- Located at 7075 South 2245 East
- R‑1‑8 land zoning; zoning and allowed uses must be confirmed with the city
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 | $533.2k | $23.76 |
| − Vacancy | −$27.7k | −$1.24 |
| EGI | $505.5k | $22.52 |
| − OpEx | −$227.5k | −$10.14 |
| NOI | $278.0k | $12.39 |
22,442 SF · lease $23.76/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$3.97M
$3.48M – $4.63M
NOI $278,022 @ 7.0% cap · market cap 7.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.05M
$5.29M – $7.05M
NOI $423,234 @ 7.0% cap · market cap 11.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Apartment building on 3.35 acres, offering 22,442 square feet, with zoning and allowed uses to be confirmed.
Where is this apartment building located?
The property is located at 7075 E St Salt Lake City, UT.
What is the asking price?
The asking price for this property is $3,800,000.
What are key features of this property?
This property features: Apartment building with 22,442 SF on 3.35 acres in Cottonwood Heights, Utah; Located at 7075 South 2245 East; R‑1‑8 land zoning; zoning and allowed uses must be confirmed with the city
