Price Reduction
Address
905 E 200 S, Salt Lake City, UT
Price
$ 3,400,000
Property Attributes
- MLS#2176326
- TypeMulti-Family
- Listing Status Active
- CountySALT LAKE
- CitySalt Lake City
- AreaSalt Lake City
- Zip84102
- StyleStories: 2
- Year Built1937
- Taxes$ 14273
- Price$ 3,400,000
- Bedrooms11
- Full Bathrooms16
- Half Bathrooms0
- Sqr Footage10150
- Lot Size0.23 Acres
Data Source:
Wasatch Front Regional MLS (WFRMLS)
Property Description
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.
| Elementary School | Middle School | High School |
|---|---|---|
| Wasatch Elementary School | Bryant Middle School | East High School |
| Price History | |
|---|---|
| 8/4/2026 | Listed $4,000,000 |
| 8/27/2026 | 15$3,400,000 |
General Features
| Living Area | 10150.0 |
|---|---|
| Sewer | Sewer: Connected |
| Heating | Gas: Radiant |
| Utilities | Natural Gas Connected,Electricity Connected,Sewer Connected,Water Connected |
| Roof | Asphalt |
| Zoning | Multi-Family |
| Architectural Style | Stories: 2 |
| Construction Materials | Brick |
| Year Built | 1937 |
| Property Subtype | > 4 Units |
| Current Use | Residential |
| County | Salt Lake |
| New Construction | No |
| Property Type | Residential |
| HOA | No |
| Attached Garage | No |
| Garage Y/N | No |
| Status | Active |
| High School | East |
| City | Salt Lake City |
| Senior Community Y/N | No |
| High School District | Salt Lake |
| Open Parking Spaces | 5.0 |
| Number Of Units Total | 16 |
| MLS Area | Salt Lake City; So. Salt Lake |
| Lot Size Units | Acres |
| Lot Size Square Feet | 10018.8 |
| Carport Y/N | No |
| Listing Terms | Cash,Conventional |
| Elementary School | Wasatch |
| Property Attached Y/N | No |
| Tax Annual Amount | 14273.0 |
| Home Warranty Y/N | No |
| Middle/Junior High School | Bryant |
| Property Condition | Blt./Standing |
| Lease Considered Y/N | No |
| Virtual Tour | https://tours.vuere.com/mls/255585581 |
| Living Area Units | Square Feet |
| Standard Status | Active |
| Middle/Junior School District | Salt Lake |
| Elementary School District | Salt Lake |
| Virtual Tour | https://tours.vuere.com/905e200s |
| PostalCity | Salt Lake City |
| ADU | No |
Interior Features
| Interior Amenities | Kitchen: Updated |
|---|---|
| Flooring | Hardwood,Tile |
| Air Conditioning Y/N | No |
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Total Bedrooms | 11 |
| Total Baths | 16 |
Exterior Features
| Vegetation | Landscaping: Full,Mature Trees |
|---|---|
| Parking Features | Parking: Uncovered |
| Water Source | Culinary |
| Total Parking | 5.0 |
| Lot Size Area | 0.23 |
| Spa | No |
| Building Area Total | 10150.0 |
| Lot Dimensions | 0.0x0.0x0.0 |
| Lot Size Acres | 0.23 |
| Frontage Length | 0.0 |
| Private Pool | No |
| Waterfront Y/N | No |
| RV Parking Dimensions | 0.00 |
| Horse Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 84102
Price
Taxes
Year Built
Visits
Wasatch Front Regional MLS - Salt Lake Board of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties
