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theRANDI 218 S 200 E 61 Unit Apartment Building For Sale Salt Lake City, UT 84111
Investment Highlights
- 61 units + 1,204 SF retail
- 2022 construction
- Downtown SLC mid-rise
Executive Summary
Located in the heart of downtown Salt Lake City, theRANDI is a modern mixed-use multifamily asset offering 61 luxury apartment units and a retail space in one of the city’s most walkable and transit-oriented neighborhoods. Completed in 2022, the six-story development features a mix of studio, one-, two-, and three-bedroom floor plans designed to appeal to young professionals, urban renters, and lifestyle-focused residents seeking premium downtown living. The property’s location at the corner of 200 South and 200 East places residents within walking distance of Salt Lake City’s top dining, entertainment, employment, and cultural destinations, while also benefiting from strong connectivity to TRAX light rail and major commuter corridors.
theRANDI differentiates itself through a high-end amenity package and thoughtfully curated resident experience. Community features include a rooftop deck with panoramic city views, fire pits, seating areas, BBQ spaces, conditioned bicycle storage, EV charging stations, smart-home technology, and a lobby designed to create an upscale urban atmosphere. Individual units feature quartz countertops, stainless-steel appliances, spacious layouts, and 10–12 foot ceilings, positioning the asset competitively within Salt Lake City’s growing luxury multifamily market.
As Downtown Salt Lake City continues to experience residential growth, increased urban density, and expanding employment opportunities, theRANDI represents a strong opportunity for investors seeking exposure to one of the Intermountain West’s fastest-growing urban cores.
theRANDI differentiates itself through a high-end amenity package and thoughtfully curated resident experience. Community features include a rooftop deck with panoramic city views, fire pits, seating areas, BBQ spaces, conditioned bicycle storage, EV charging stations, smart-home technology, and a lobby designed to create an upscale urban atmosphere. Individual units feature quartz countertops, stainless-steel appliances, spacious layouts, and 10–12 foot ceilings, positioning the asset competitively within Salt Lake City’s growing luxury multifamily market.
As Downtown Salt Lake City continues to experience residential growth, increased urban density, and expanding employment opportunities, theRANDI represents a strong opportunity for investors seeking exposure to one of the Intermountain West’s fastest-growing urban cores.
Property Facts
| Sale Type | Investment | Lot Size | 0.34 AC |
| No. Units | 61 | Building Size | 49,452 SF |
| Property Type | Multifamily | No. Stories | 6 |
| Property Subtype | Apartment | Year Built | 2022 |
| Apartment Style | Mid-Rise | Parking Ratio | 1.23/1,000 SF |
| Building Class | A | Opportunity Zone |
Yes
|
| Zoning | D-1 - Central Business District | ||
| Sale Type | Investment |
| No. Units | 61 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | A |
| Lot Size | 0.34 AC |
| Building Size | 49,452 SF |
| No. Stories | 6 |
| Year Built | 2022 |
| Parking Ratio | 1.23/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | D-1 - Central Business District |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Washer/Dryer
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
Site Amenities
- Property Manager on Site
- Grill
- On-Site Retail
- Roof Terrace
- Car Charging Station
- Elevator
- Online Services
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 12 | - | 478 - 491 |
| 1+1 | 36 | - | 629 - 778 |
| 2+2 | 8 | - | 930 - 1,052 |
| 2+2.5 | 2 | - | 1,522 - 1,777 |
| 3+3.5 | 3 | - | 1,757 - 2,208 |
Very walkable
80/100
Moderately drivable
70/100
Good public transit
70/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 16-06-176-026-0000 | Improvements Assessment | $24,766,485 CAD |
| Land Assessment | $5,021,079 CAD | Total Assessment | $29,787,564 CAD |
Property Taxes
Parcel Number
16-06-176-026-0000
Land Assessment
$5,021,079 CAD
Improvements Assessment
$24,766,485 CAD
Total Assessment
$29,787,564 CAD
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theRANDI | 218 S 200 E
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