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937 E 300 S
Salt Lake City, UT 84102
Multifamily Property For Sale
·
5 Units
Executive Summary
Fully occupied 5-plex in a prime Eastside Downtown Salt Lake City location. Just minutes from the University of Utah and nearby bus/TRAX stations, this 5,678-square-foot multifamily property delivers strong, consistent tenant demand in one of the city's most walkable and convenient neighborhoods. The property is fully furnished and turn-key, offering immediate cash flow, with consistent demand via Airbnb, Furnished Finder, and Facebook Marketplace from students, working professionals, and travelers. Each of the five apartments features two bedrooms, one full bathroom, a comfortable living area, and a full kitchen with dining space. All units have been recently painted and upgraded with remote-controlled mini-split heating and cooling, providing individual climate control in each room. Two of the units were newly constructed in 2024. Residents enjoy private front porch/deck spaces, a shared rear patio area, and an on-site laundry room with coin and credit card-operated machines. The property includes five designated outdoor parking spaces, with additional free street parking available. This charming multifamily asset blends historic character with modern updates, making it a compelling opportunity for investors seeking long-term stability in a highly desirable Salt Lake City location. The listing agent is related to the Seller.
Property Facts
| Price Per Unit | $399,800 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.25% | Lot Size | 0.12 AC |
| Gross Rent Multiplier | 16 | Building Size | 5,678 SF |
| No. Units | 5 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1911/2024 |
| Property Subtype | Apartment | Parking Ratio | 0.88/1,000 SF |
| Zoning | R-2 | ||
| Price Per Unit | $399,800 |
| Sale Type | Investment |
| Cap Rate | 5.25% |
| Gross Rent Multiplier | 16 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 5,678 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1911/2024 |
| Parking Ratio | 0.88/1,000 SF |
| Zoning | R-2 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 5 | - | - |
Property Taxes
| Parcel Number | 16-05-182-025-0000 | Improvements Assessment | $927,600 |
| Land Assessment | $282,800 | Total Assessment | $1,210,400 |
Property Taxes
Parcel Number
16-05-182-025-0000
Land Assessment
$282,800
Improvements Assessment
$927,600
Total Assessment
$1,210,400
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