937 300, Salt Lake City, UT 84102
10BD/—BA Residential in Salt Lake City, UT 84102. 5,678 sqft. Built 1911. Listed at $1,995,000. MLS #2135108.
10BD/—BA Residential in Salt Lake City, UT 84102. 5,678 sqft. Built 1911. Listed at $1,995,000. MLS #2135108.
PREMIUM TURN-KEY MULTIFAMILY INVESTMENT. Thoughtfully restored and extensively improved, this unique fully furnished 5-plex stands apart from typical multifamily offerings by combining historic character with modern systems, quality finishes, and true turn-key operation. Situated in a highly desirable Eastside Downtown Salt Lake City location near the University of Utah, TRAX, and major employment centers, the property benefits from consistent demand among students, working professionals, and long-term residents seeking quality housing in one of Salt Lake City's most convenient locations. Each of the five apartments features two bedrooms, one full bathroom, a comfortable living area, and dining space. All units have been upgraded with remote-controlled mini-split heating and cooling systems, providing individual climate control in every room. Residents enjoy private front porches or decks, a shared rear patio, on-site laundry facilities, and designated parking. Current rents have remained largely unchanged for several years, providing potential future upside while maintaining exceptional occupancy and tenant retention. Extensive improvements and upgrades to the property's interior and infrastructure have significantly reduced future maintenance concerns, creating an attractive ownership experience for investors who prefer managing an asset rather than a renovation project. Combined with a strong occupancy history, this property offers a rare blend of stability, quality, and long-term investment potential. Listing agent is related to Seller.
Property Type
Residential
Property Style
> 4 Units
Architectural Style
Five-Plex
County
Salt Lake
Zoning
Multi-Family
Construction
Brick,Composition,Stone
Lot Size
0.12 sq ft
Condition
Blt./Standing
MLS #
2135108
Property Type
Residential
Property Style
> 4 Units
Architectural Style
Five-Plex
County
Salt Lake
Zoning
Multi-Family
Construction
Brick,Composition,Stone
Lot Size
0.12 sq ft
Condition
Blt./Standing
MLS #
2135108
List Price
$1,995,000
Annual Taxes
$6,151
Home Warranty
No
List Price
$1,995,000
Annual Taxes
$6,151
Home Warranty
No
Heating
Forced Air
Roof
Rubber
Flooring
Carpet,Tile
Materials
Brick,Composition,Stone
Patio & Porch
Covered,Patio: Open
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s)
Heating
Forced Air
Roof
Rubber
Flooring
Carpet,Tile
Materials
Brick,Composition,Stone
Patio & Porch
Covered,Patio: Open
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s)
Covered Spaces
0
Total Parking
5
Covered Spaces
0
Total Parking
5
Classification
Standard
Deal Score
30/100
vs Similar Homes
32% above
vs Market Median
81% above
Area Growth (YoY)
-1.2%
Deal Score Breakdown
30/100
LT net cashflow -$1,043/mo (-7.9% return on ownership cost) · STR net cashflow -$8,202/mo (-62.2% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
Priced 32% above the median of similar listings
Priced 81% above the per-subtype city median
-1.2% year-over-year ZHVI growth in this area
No price reduction from original list
Ensemble scoring: the best single signal sets the floor, secondary qualifying signals (≥60) each add 5 points up to +20. A home that strongly wins on one dimension is already a great deal — it doesn't need to tick every box.
Why this classification
Monthly Rent
$13,800/mo
Range: $10,961 – $16,639
Net Monthly Cash Flow
−$1,043 /mo (−$12,516/yr)
Monthly rental income
Monthly ownership cost
Coverage
105%
Net /mo
−$1,043
DSCR
1.21
Est. Annual Revenue
$85,461/yr
$389/night · 39% occupancy · $132/bedroom · $0.42/sqft
Net Monthly Cash Flow
−$8,201 /mo (−$98,415/yr)
Monthly STR income
Monthly ownership cost
Coverage
54%
Net /mo
−$8,202
DSCR
0.50
Best Download
10 Gbps
Best Upload
10 Gbps
Fiber Available
Yes
Providers
15
Available Providers
$585,000
+241% vs median
39 days
659
$175,000 – $7,995,000
$6,151
High Crime
28.7
per 1,000
83.9
per 1,000
34.5
per 1,000
147.1
per 1,000
National rates use FBI UCR Index Crimes. Local rates use NIBRS which may include additional offense categories.
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