Brick 16-Unit Apartment
For Sale
$2,950,000
905 East 200 South, Salt Lake City, UT 84102
Multi-Family zoning and a location three blocks from TRAX define the property’s residential setting.
Property Size10,150 SF
Price / SF$290.64
Days on Market88
Property Features for 905 East 200 South
General Information
Standard status
Active
Size
10,150 SF
Property subtype
Residential Income / > 4 Units
Zoning
Multi-Family
Site & Location
Neighborhood
East Central
Public Transit
Yes
Units
Unit Mix
8 x studio, 5 x 1BR, 3 x 2BR
Multifamily Units
16
Taxes and HOA fees
Annual Taxes
$14,273
Amenities
No
Steam
Hardwood, Tile
Refrigerator
Yes
16
11
Kitchen: Updated
Building Details
Year Built
1937
Construction
brick
Listing Agency:
Christie's Int. RE VUE
Listed By:
Jason Selman · License #10502257-SA00
(201) 410-4958
Source:
Compass
Added: Aug 4
Changed: Oct 28
Last Checked: Oct 28 at 3:42PM
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 Christie's Int. RE VUE
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Investment Insights
Based on property information with market context.
This 10,150-square-foot brick apartment property was built in 1937 and contains 16 units: 8 studios, 5 one-bedroom apartments, and 3 two-bedroom apartments. Seven units have been updated. Recent work includes a new roof, refurbished exterior siding, and plumbing and electrical improvements completed in 2024. The property is zoned Multi-Family.
At 905 East 200 South in Salt Lake City, the building is three blocks from TRAX and within walking distance of shopping and dining. It is positioned between downtown Salt Lake City and the University of Utah.
At 905 East 200 South in Salt Lake City, the building is three blocks from TRAX and within walking distance of shopping and dining. It is positioned between downtown Salt Lake City and the University of Utah.
Key Highlights
- 16‑unit brick apartment building totaling 10,150 square feet
- Unit mix: 8 studios, 5 one‑bedrooms, and 3 two‑bedrooms
- Built in 1937; 7 of the 16 units have been updated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$125,743
Cap Rate
4.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,514,860
$2.5M
Cap Rate 7%
$1,796,329
$1.8M
Cap Rate 9%
$1,397,144
$1.4M
Market Conditions
NOI Build-Up for 10,150 SF
Gross rent
$241.2K $23.76/SF
− Vacancy
−$12.5K −$1.24/SF
EGI
$228.6K $22.52/SF
− OpEx
−$102.9K −$10.14/SF
NOI
$125.7K $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%
$2,514,860
Cap Rate 7%
$1,796,329
Cap Rate 9%
$1,397,144
Alternative Uses
Best Use
Apartment 5plus
$1.80M
$1.57M – $2.10M
NOI $125,743 @ 7.0% cap · market cap 4.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.73M
$2.39M – $3.19M
NOI $191,419 @ 7.0% cap · market cap 6.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
16
Residential units
Location Intelligence
Trade Area within ½ mile
1,623
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
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Multi-Family zoning and a location three blocks from TRAX define the property’s residential setting.
Where is this apartment building located?
The property is located at 905 East 200 South Salt Lake City, UT.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: 16‑unit brick apartment building totaling 10,150 square feet; Unit mix: 8 studios, 5 one‑bedrooms, and 3 two‑bedrooms; Built in 1937; 7 of the 16 units have been updated
