425 900, Salt Lake City, UT 84102
27BD/—BA Residential in Salt Lake City, UT 84102. 13,128 sqft. Built 1971. Listed at $4,450,000. MLS #2153765.
27BD/—BA Residential in Salt Lake City, UT 84102. 13,128 sqft. Built 1971. Listed at $4,450,000. MLS #2153765.
$4,450,000
Well-located 15-unit apartment building in the heart of Salt Lake City, just minutes from the University of Utah. The property features a highly desirable unit mix of twelve 2-bedroom/1-bath units and three 1-bedroom/1-bath units, all offering spacious, functional layouts that appeal to both student and professional tenants. The property was comprehensively renovated in 2022 by current ownership, with upgrades including modern cabinetry, countertops, flooring, paint, appliances, and HVAC systems. Units offer a clean, updated feel while maintaining a level of character that fits the surrounding neighborhood. Benefiting from its proximity to the University, hospital systems, and downtown, the property has consistently attracted strong tenant demand. This is an excellent opportunity to acquire a renovated, well-positioned asset in one of Salt Lake City's most reliable rental corridors.
Property Type
Residential
Property Style
> 4 Units
Architectural Style
Stories: 2
Subdivision
PLAT B
County
Salt Lake
Zoning
Multi-Family
Construction
Brick
Lot Size
0.31 sq ft
Condition
Blt./Standing
MLS #
2153765
Property Type
Residential
Property Style
> 4 Units
Architectural Style
Stories: 2
Subdivision
PLAT B
County
Salt Lake
Zoning
Multi-Family
Construction
Brick
Lot Size
0.31 sq ft
Condition
Blt./Standing
MLS #
2153765
List Price
$4,450,000
Annual Taxes
$20,597
Home Warranty
No
List Price
$4,450,000
Annual Taxes
$20,597
Home Warranty
No
Heating
Forced Air
Flooring
Hardwood,Tile
Materials
Brick
Patio & Porch
Covered
Water Source
Culinary
Sewer
Sewer: Connected
Heating
Forced Air
Flooring
Hardwood,Tile
Materials
Brick
Patio & Porch
Covered
Water Source
Culinary
Sewer
Sewer: Connected
Covered Spaces
0
Total Parking
0
Covered Spaces
0
Total Parking
0
Classification
Standard
Deal Score
10/100
vs Similar Homes
98% above
vs Market Median
24% above
Area Growth (YoY)
-0.8%
Deal Score Breakdown
10/100
Priced 98% above the median of similar listings
Priced 24% above the per-subtype city median
-0.8% year-over-year ZHVI growth in this area
STR net cashflow -$20,500/mo (-67.9% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
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.
Est. Annual Revenue
$165,847/yr
$395/night · 39% occupancy · $131/bedroom · $0.43/sqft
Net Monthly Cash Flow
−$20,500 /mo (−$246,002/yr)
Monthly STR income
Monthly ownership cost
Coverage
46%
Net /mo
−$20,500
DSCR
0.43
Best Download
10 Gbps
Best Upload
10 Gbps
Fiber Available
Yes
Providers
13
Available Providers
$575,000
+674% vs median
55 days
621
$184,000 – $7,995,000
$20,597
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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Daryn Edmunds - High Road Properties

Salt Lake City Real Estate Broker Focused on Pricing, Positioning, and Results

Devin Tanner - Utah Realtor
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