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    Salt Lake City, UT Multifamily Properties for Sale

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    Multi-Unit Boarding Home Property
    Updated: Apr 29
    Multi-Unit Boarding Home Property

    157 S 800 E, Salt Lake City, UT 84102

    $875,000
    5,989 sqft 0.22 AC lot
    Licensed single‑room boarding home with multiple tenants; originally built as an elderly care facility
    Includes a main‑level 2‑bedroom unit with kitchen and 3/4 bath plus a main‑level 1‑bedroom unit with full bath
    Additional main‑level layout includes one 1‑bedroom unit with a 1/2 bath, and 7 rooms sharing two common baths
    Upstairs features 2 common full bathrooms and a common area kitchen
    Boiler is a couple of years old and highly efficient
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    This listing looks promising.

    Here's a quick look at some key insights for

    157 S 800 E, Salt Lake City, UT 84102

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    • Est. Cap Rate

      8.5%
      Above avg (5.9%)

    • Est. NOI

      $74K
      Annual

    • Price @ 7% Cap

      $1.06M
      Above asking

    • Property Type

      Residential Income
      Built 1950
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    Converted Multifamily Apartment Building
    Updated: Jun 6
    Converted Multifamily Apartment Building

    653 E 300 S, Salt Lake City, UT 84102

    $2,200,000
    11,564 sqft 0.22 AC lot
    Brick apartment building built in 1913
    14 total units: four 2‑bedroom apartments and ten 1‑bedroom units
    Covered patio
    Hardwood and carpet flooring
    Steam heating and asphalt roof
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    Historic 5-Plex with Conversion Options
    Historic 5-Plex with Conversion Options

    128 S 1000 E, Salt Lake City, UT 84102

    $1,600,000
    4,900 sqft 0.15 AC lot

    Well-maintained 5-unit building with historic interior details and flexible layout to convert into a 3- or 4-plex.

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    7-Unit Multifamily Property with Balconies
    7-Unit Multifamily Property with Balconies

    60 E St, Salt Lake City, UT 84103

    $1,949,999
    6,620 sqft 0.11 AC lot

    Historic 7-unit multifamily building with updated kitchens, in-unit laundry, and dishwashers across select units.

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    Historic 5-Plex with Conversion Potential
    Historic 5-Plex with Conversion Potential

    128 S 1000 E, Salt Lake City, UT 84102

    $1,600,000
    4,900 sqft

    Well-maintained 5-plex with vaulted ceilings, stained glass, and heated flooring; tenant occupied with 24-hour notice.

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    Remodeled Side-by-Side Duplex
    Remodeled Side-by-Side Duplex

    1066 E MARKEA Ave, Salt Lake City, UT 84102

    $1,075,000
    3,308 sqft 0.07 AC lot

    Turnkey duplex remodeled in 2019 with updated major systems, offering one unit leased and one available.

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    Newer Twinhome-Style Duplex
    Newer Twinhome-Style Duplex

    514 S KONETA Ct, Salt Lake City, UT 84102

    $1,395,000
    4,018 sqft 0.08 AC lot

    Built in 2023, this twinhome-style duplex offers two units with 3 bedrooms and 3 bathrooms each.

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    Well-Maintained 5-Plex Investment
    Well-Maintained 5-Plex Investment

    201 N I St, Salt Lake City, UT 84103

    $1,150,000
    4,272 sqft 0.08 AC lot

    Five-unit multifamily property with new plumbing throughout and additional improvements for reduced maintenance.

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    Duplex with Off-Street Parking
    Duplex with Off-Street Parking

    3738 S 700 E Unit A-B, Salt Lake City, UT 84106

    $915,000
    4,689 sqft

    Nearly 4,700 sq ft duplex offers extensive off-street parking, including attached garages, with two units and existing income.

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    Triplex with Three Residential Units
    Triplex with Three Residential Units

    1131 W ARAPAHOE Ave, Salt Lake City, UT 84104

    $565,000
    2,230 sqft 0.14 AC lot

    Solid income-producing triplex featuring two occupied 2-bedroom units and one vacant 1-bedroom unit.

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    Renovated Multifamily Building Near University
    Renovated Multifamily Building Near University

    425 S 900 E, Salt Lake City, UT 84102

    $4,450,000
    13,128 sqft 0.31 AC lot

    Well-located, renovated 15-unit apartment building near the University of Utah.

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    Four-Plex Near Utah Capitol
    Four-Plex Near Utah Capitol

    35 Hillside Avenue, Salt Lake City, UT 84103

    $1,550,000
    6,160 sqft

    Well-maintained four-plex with spacious units and recent upgrades.

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    Large Multifamily Near University of Utah
    Large Multifamily Near University of Utah

    1162 E 400 S, Salt Lake City, UT 84102

    $2,300,000
    9,563 sqft 0.27 AC lot

    Eight-unit multifamily property near the University of Utah.

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    Nine-Unit Multifamily Property
    Nine-Unit Multifamily Property

    828 South 500 East, Salt Lake City, UT 84102

    $1,900,000
    6,068 sqft 0.19 AC lot

    Nine-unit multifamily with updated interiors on a compact parcel at 828 South 500 East.

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    Fourplex Near University of Utah
    Fourplex Near University of Utah

    1261 E ALAMEDA Ave S, Salt Lake City, UT 84102

    $1,350,000
    3,960 sqft 0.16 AC lot

    Four separate residential units with off-street parking, positioned for tenant convenience near the University of Utah.

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    Salt Lake City Multifamily Investment
    Salt Lake City Multifamily Investment

    120 G St, Salt Lake City, UT 84103

    $4,450,000
    13,077 sqft 0.31 AC lot

    Turnkey 15-unit Salt Lake City investment property for sale.

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    Well-Maintained 5-Plex Apartment Building
    Well-Maintained 5-Plex Apartment Building

    201 N I ST, Salt Lake City, UT 84103

    $1,186,000
    4,272 sqft

    Well-maintained 5-plex with updated plumbing, offering multiple rental units in the Salt Lake City Avenues.

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    Historic Victorian Multi-Unit Home
    Historic Victorian Multi-Unit Home

    1054 S 900 E, Salt Lake City, UT 84105

    $1,100,000
    3,889 sqft 0.18 AC lot

    Historic Victorian home legally configured as a duplex with a permitted accessory apartment, currently operated as three units.

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    Salt Lake City Multifamily Investment
    Salt Lake City Multifamily Investment

    1155 E 200 S, Salt Lake City, UT 84102

    $4,900,000
    15,916 sqft

    Multifamily asset near the University of Utah.

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    Updated 4-Plex Investment Property
    Updated 4-Plex Investment Property

    2330 E HERITAGE Way, Salt Lake City, UT 84109

    $1,000,000
    3,136 sqft 0.21 AC lot

    Updated four-unit multifamily property offers income potential with refreshed interior finishes.

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    Salt Lake City Multifamily Investment
    Salt Lake City Multifamily Investment

    550 Mansfield Ave S, Salt Lake City, UT 84106

    $1,700,000

    Eight-unit multifamily property with value-add opportunity in Salt Lake City.

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    Side-by-Side Duplex with Expansion Potential
    Side-by-Side Duplex with Expansion Potential

    745 S 600 E, Salt Lake City, UT 84102

    $675,000
    2,626 sqft 0.21 AC lot

    Well maintained side-by-side duplex with Multi-Family zoning and potential to develop additional units in the back.

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    Multifamily Development Site
    Multifamily Development Site

    947 West S Temple Street, Salt Lake City, UT 84104

    $4,500,000
    42,253 sqft 0.97 AC lot

    Multi-parcel site with approved development plans for large apartment buildings and existing income buildings totaling 13,000 sqft.

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    Duplex with Two 5-Bed Units
    Duplex with Two 5-Bed Units

    1446 N MANDALAY Rd, Salt Lake City, UT 84116

    $725,000
    3,700 sqft 0.18 AC lot

    Two-unit duplex with two 5-bed, 2-bath apartments, one remodeled and one tenant occupied, plus a large yard.

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    Salt Lake City, UT Multifamily Properties Market Trends and Statistics

    Explore 72 multifamily properties for sale in Salt Lake City, UT, showcased through 53 active listings on our real estate platform. These investment opportunities span a total of 353,700 square feet of properties for sale, with an estimated market value of $89,088,097.

    Sale prices for multifamily properties in Salt Lake City, UT start at $390,000, averaging $1,895,491, and reaching up to $8,500,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Apartment buildings 23
    Duplexes 15
    Quadplexes 9
    Triplexes 6
    Short term rental properties 5

    Demographics Overview

    Population 636K
    Population Growth (5Y) +4.9%
    Median Household Income $87,486
    College Educated 29.7%

    High-Yield Neighborhoods for Investment

    Identify Salt Lake City submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    84115 $749.9K
    84116 $837.5K
    84109 $1M
    84105 $1M
    84106 $1.5M

    Taxes & Financing

    Tax Rate (average for all types) 0.89%
    Property Tax per SF $4.73 per SF
    Tax Rate vs County Average 0.02 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Salt Lake County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Salt Lake County

    Residential Income

    Property Size Breakdown

    The majority of commercial real estate listings in Salt Lake City fall within the 100,000+ square foot range.

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    Most Searched ZIP Codes in Salt Lake City, UT

    • 84102
    • 84103
    • 84105
    • 84116
    • 84106
    • 84115
    • 84104
    • 84111
    • 84101
    • 84109
    • 84120

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