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425 S 900 E 15 Unit Apartment Building $4,450,000 ($296,667/Unit) Salt Lake City, UT 84102
Executive Summary
Well-located 15-unit apartment building in the heart of Salt Lake City, just minutes from the University of Utah. The property features a highly desirable unit mix of twelve 2-bedroom/1-bath units and three 1-bedroom/1-bath units, all offering spacious, functional layouts that appeal to both student and professional tenants. The property was comprehensively renovated in 2022 by current ownership, with upgrades including modern cabinetry, countertops, flooring, paint, appliances, and HVAC systems. Units offer a clean, updated feel while maintaining a level of character that fits the surrounding neighborhood. Benefiting from its proximity to the University, hospital systems, and downtown, the property has consistently attracted strong tenant demand. This is an excellent opportunity to acquire a renovated, well-positioned asset in one of Salt Lake City's most reliable rental corridors.
Property Facts
| Price | $4,450,000 | Building Class | C |
| Price Per Unit | $296,667 | Lot Size | 0.31 AC |
| Sale Type | Investment | Building Size | 13,128 SF |
| No. Units | 15 | Average Occupancy | 95% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1971/2023 |
| Zoning | RMF-35 - RMF - 35 | ||
| Price | $4,450,000 |
| Price Per Unit | $296,667 |
| Sale Type | Investment |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 13,128 SF |
| Average Occupancy | 95% |
| No. Stories | 3 |
| Year Built/Renovated | 1971/2023 |
| Zoning | RMF-35 - RMF - 35 |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Microwave
- Heating
- Kitchen
- Hardwood Floors
- Refrigerator
- Range
- Tub/Shower
- Views
- Walk-In Closets
- Family Room
- Linen Closet
- Quartz Countertops
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | $1,175 | - |
| 2+1 | 12 | $1,398 | - |
1 1
Very walkable
80/100
Fairly drivable
50/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 16-05-332-024-0000 | Improvements Assessment | $3,456,200 |
| Land Assessment | $596,800 | Total Assessment | $4,053,000 |
Property Taxes
Parcel Number
16-05-332-024-0000
Land Assessment
$596,800
Improvements Assessment
$3,456,200
Total Assessment
$4,053,000
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425 S 900 E
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