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> 4 Units

Active

22Days on Market

$4,000,000

$394/sqft+2.0%/yrHome values in the 84102 zip code have grown an average of 2.0% per year over the last 5 years.

Price history — protected

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About This Property

I'm interested

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.

Property Features

Heating

Gas: Radiant

Flooring

Hardwood,Tile

Interior Features

Kitchen: Updated

Parking

Parking: Uncovered

Unit Breakdown

Type 1

0 bath

$0/mo

Total Actual Rent

$0/mo

Location

Estimated Monthly Payment

$22,226/mo

Down Payment$800,000 (20%)

Principal & Interest$20,287

Property Tax$1,189/mo

Insurance (est.)$750/mo

Est. Total$22,226/mo

Based on 20% down, 6.529% rate, 30-yr fixed. For estimation only.

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MLS# 2176326• Tax ID: 16-05-133-012

Courtesy of Cherie M Major, Christie's International Real Estate VUE (Christies VUE Salt Lake) · 801-557-5627 · cherie@cheriemajor.com

Property data from UtahRealEstate.com. Home value index from Zillow Research (zillow.com/research/data). Walkability data from Walk Score. Rent estimates from Rentometer. Public records (owner + loan) from the Salt Lake County Recorder; loan rate estimated from FRED's 30-yr average at origination month, balance assumes a 30-yr fixed with no extra payments. Property valuations by Rocco Value. Information deemed reliable but not guaranteed.