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Liberty 828 828 S 500 E 9 Unit Apartment Building $1,900,000 ($211,111/Unit) 5.04% Cap Rate Salt Lake City, UT 84102
Investment Highlights
- Value Add Multifamily in the heart of Salt Lake City, less than a block from Liberty Park and Central 9th
Executive Summary
ACRES Commercial Real Estate is pleased to present the opportunity to acquire a well-maintained 9-unit multifamily property located in the highly sought-after Liberty Park neighborhood of Salt Lake City, Utah. Situated on a 0.19-acre parcel, the property features updated unit interiors, strong in-place occupancy, and the potential for future rental growth. This offering provides investors with an attractive combination of stable cash flow, operational stability, and value-add upside in one of Salt Lake City's most desirable and supply-constrained rental markets. With its premier location, proven performance, and opportunity to enhance returns through continued asset management, the property represents a compelling multifamily investment opportunity.
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Property Facts
| Price | $1,900,000 | Building Class | C |
| Price Per Unit | $211,111 | Lot Size | 0.19 AC |
| Sale Type | Investment | Building Size | 6,900 SF |
| Cap Rate | 5.04% | Average Occupancy | 100% |
| No. Units | 9 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1967/2019 |
| Property Subtype | Apartment | Parking Ratio | 1.3/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RMF 30 - Residential Multifamily zoning | ||
| Price | $1,900,000 |
| Price Per Unit | $211,111 |
| Sale Type | Investment |
| Cap Rate | 5.04% |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 6,900 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1967/2019 |
| Parking Ratio | 1.3/1,000 SF |
| Zoning | RMF 30 - Residential Multifamily zoning |
Amenities
- Smoke Detector
Unit Amenities
- Dishwasher
- Disposal
- Microwave
- Ceiling Fans
- Refrigerator
- Range
- Carpet
Site Amenities
- Laundry Facilities
- Google Fiber
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | 450 |
| 2+1 | 6 | - | 550 |
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Moderately walkable
70/100
Moderately drivable
70/100
Some public transit
50/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Number | 16-07-253-030-0000 | Improvements Assessment | $1,334,700 |
| Land Assessment | $424,500 | Total Assessment | $1,759,200 |
Property Taxes
Parcel Number
16-07-253-030-0000
Land Assessment
$424,500
Improvements Assessment
$1,334,700
Total Assessment
$1,759,200
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