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Tara & Cody Parker

tara.parker@engelvoelkers.com +1(505) 263-3335

$ 4,000,000

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905 E 200 S Salt Lake City, UT 84102

11 Beds

16 Baths

10,150 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type > 4 Units

Listing Status Active

Purchase Type For Sale

Square Footage 10,150 sqft

Price per Sqft $394

MLS Listing ID 2176326

Style Stories: 2

Bedrooms 11

Construction Status Blt./Standing

HOA Y/N No

Year Built 1937

Annual Tax Amount $14,273

Lot Size 10,018 Sqft

Acres 0.23

Lot Dimensions 0.0x0.0x0.0

Property Sub-Type > 4 Units

Property Description

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.

Location

State UT

County Salt Lake

Area Salt Lake City; So. Salt Lake

Zoning Multi-Family

Interior

Interior Features Kitchen: Updated

Heating Gas: Radiant

Flooring Hardwood, Tile

Fireplace No

Exterior

Utilities Available Natural Gas Connected, Electricity Connected, Sewer Connected, Water Connected

View Y/N No

Roof Type Asphalt

Present Use Residential

Total Parking Spaces 5

Private Pool No

Building

Sewer Sewer: Connected

Water Culinary

Architectural Style Stories: 2

Structure Type Brick

New Construction No

Construction Status Blt./Standing

Schools

Elementary Schools Wasatch

Middle Schools Bryant

High Schools East

School District Salt Lake

Others

Senior Community No

Tax ID 16-05-133-012

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://tours.vuere.com/mls/255585581

Listed by Christie's International Real Estate VUE (Christies VUE Salt Lake)

Tara & Cody Parker

Advisor

+1(505) 263-3335

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