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905 E 200 S 16 Unit Apartment Building $5,580,800 CAD ($348,800 CAD/Unit) Salt Lake City, UT 84102
Executive Summary
Rarely does an offering combine this much location, character, and untapped income potential in one package. Situated in the heart of East Central, this 16-unit brick apartment community sits perfectly between downtown Salt Lake City's core and the University of Utah - just three blocks from TRAX, and walking distance to shopping, dining, and everything the neighborhood has to offer. Built in 1937, the property retains the timeless charm of Salt Lake's classic walk-up apartment stock, while benefiting from significant recent capital improvements: a new roof, refurbished exterior siding, and plumbing and electrical upgrades completed in 2024. Seven of the sixteen units have also been individually updated, offering a strong mix of renovated and classic units to support a flexible leasing and value-add strategy. The unit mix - 8 studios, 5 one-bedrooms, and 3 two-bedrooms - appeals to a broad renter pool, from students and young professionals to downtown commuters. With current rents sitting meaningfully below market across the studio and one-bedroom units, this property offers a clear, executable path to increased NOI through strategic lease-up and renewal pricing, without requiring major capital investment beyond what's already been completed. Whether you're targeting a value-add reposition or a stabilized hold with embedded upside, 905 East 200 South presents a compelling opportunity in one of Salt Lake City's most in-demand rental corridors.
Property Facts
| Price | $5,580,800 CAD | Building Class | C |
| Price Per Unit | $348,800 CAD | Lot Size | 0.23 AC |
| Sale Type | Investment | Building Size | 7,064 SF |
| No. Units | 16 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1937 |
| Apartment Style | Low-Rise | Parking Ratio | 0.71/1,000 SF |
| Zoning | RMF-35 | ||
| Price | $5,580,800 CAD |
| Price Per Unit | $348,800 CAD |
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 7,064 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1937 |
| Parking Ratio | 0.71/1,000 SF |
| Zoning | RMF-35 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 8 | - | - |
1 1
Exceptionally walkable
90/100
Fairly drivable
50/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 16-05-133-012-0000 | Improvements Assessment | $3,284,061 CAD |
| Land Assessment | $650,928 CAD | Total Assessment | $3,934,989 CAD |
Property Taxes
Parcel Number
16-05-133-012-0000
Land Assessment
$650,928 CAD
Improvements Assessment
$3,284,061 CAD
Total Assessment
$3,934,989 CAD
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905 E 200 S
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