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245 S 800 E
Salt Lake City, UT 84102 East Central

$1,999,000 USD

Apartments For Sale  •  5,580 SF

Property Details

  • Property Type Apartments
  • Total Building Size 5,580 SF
  • Lot Size 0.2 AC
  • Building Class C
  • Year Built 1960
  • Cap Rate 5.29 %
  • Zoning RMF35
60 Transit Score
80 Walk Score

Highlights

Comprehensive 2021 Renovation: The property was extensively remodeled in 2021. Upgrades included new interiors, plumbing, electrical, HVAC systems.
Onsite Storage Units: The building features eight private storage units, currently included in the rent. Upside Opportunity.
Dedicated Covered Parking: Each unit benefits from a reserved, covered parking space.
High-Speed Connectivity: The property is fully wired for CenturyLink high- speed internet.
Prime “Walkable” Location: Boasting a Walk Score of 85 and a Bike Score of 91. Walking distance of Trolley Square, the TRAX light rail system.

Property Flyers

Financial Summary (Actual)

Net Operating Income: $105,743 USD (2025)
Cap Rate: 5.29 %
Total Expenses: $21,123 USD

Public Transportation

Commuter RailDriveWalkDistance
8 min - 2.6 mi
11 min - 4.0 mi
Transit/SubwayDriveWalkDistance
900 East (TRAX Murray/Midvale/University Line - Utah Transit Authority (UTA), TRAX University Line - Utah Transit Authority (UTA)) 2 min 6 min 0.3 mi
Trolley Square (TRAX Murray/Midvale/University Line - Utah Transit Authority (UTA), TRAX University Line - Utah Transit Authority (UTA)) 2 min 9 min 0.5 mi
AirportDriveWalkDistance
Salt Lake City International 19 min - 8.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 10
Type: Surface
Included in Rent: Yes
Jake Nielson 435-851-0951 Newmark Mountain West
Jake Nielson 435-851-0951 Newmark Mountain West