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Property profile & analytics
OFF-MARKET Estimated value $530,000
Apartment buildings

223 3rd Ave Salt Lake City, UT 84103-2436

14,746 SF 0.22 ac lot Built 1930
Entity Owned 17-yr Hold
Property ID
US86-0298837
Property profile
Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1930
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 14,746 SF
Lot 0.22 ac (9,583 SF)
Zoning code RMF-35
APN 09-31-338-014
UPID US86-0298837
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Peery Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$500k
CAP Approach CAP
by Request
Comparable Approach Comparable
$553k
Blend (final) Blend
$530k
Owner & transaction history
Peery Apartments LLC · 17 yrs held
Peery Apartments LLC
since 2009
4 recorded transactions
2009
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
RMF-35 · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Salt Lake City is proposing to update the RMF-35 (Moderate Density Multi-Family) and RMF-45 (Moderate/High Density Multi-Family) zoning districts by combining them into a single district. This change aims to promote the development of more affordable and attainable housing while supporting residents in existing moderate-density neighborhoods. The primary foc…

Zone name Moderate Density Multifamily Residential District
General category RESIDENTIAL
Zone area 422.49 ac
Top alternative use upside
Industrial (general) $840,000 +19.8%
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