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1127 E South Temple 9 Unit Apartment Building $2,695,000 ($299,444/Unit) Salt Lake City, UT 84102
Executive Summary
100% rented turnkey 8-unit multifamily investment located on historic South Temple. This Tudor-style property underwent a FULL renovation in 2022, including all new electrical and plumbing throughout, remodeled kitchens and bathrooms, updated cabinetry, tile backsplashes, fresh paint, and high-efficiency mini-split HVAC systems in all units. Additional third-floor studio space and basement area provide future upside potential (buyer to verify). Prime location near downtown Salt Lake City and the University of Utah with long-term rental stability. Owner/Agent.
Property Facts
| Price | $2,695,000 | Building Class | C |
| Price Per Unit | $299,444 | Lot Size | 0.31 AC |
| Sale Type | Investment | Building Size | 7,607 SF |
| No. Units | 9 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1906 |
| Property Subtype | Apartment | Parking Ratio | 1.58/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RMF-35 - Multi-Family Residential | ||
| Price | $2,695,000 |
| Price Per Unit | $299,444 |
| Sale Type | Investment |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 7,607 SF |
| No. Stories | 3 |
| Year Built | 1906 |
| Parking Ratio | 1.58/1,000 SF |
| Zoning | RMF-35 - Multi-Family Residential |
Amenities
Unit Amenities
- Refrigerator
- Oven
- Range
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $1,000 | 435 |
| 1+1 | 7 | $1,428 | 507 - 677 |
| 2+1 | 1 | $1,880 | 920 |
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Very walkable
80/100
Moderately drivable
70/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 09-32-459-015-0000 | Improvements Assessment | $1,232,500 |
| Land Assessment | $1,162,000 | Total Assessment | $2,394,500 |
Property Taxes
Parcel Number
09-32-459-015-0000
Land Assessment
$1,162,000
Improvements Assessment
$1,232,500
Total Assessment
$2,394,500
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