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1326 S 500 E, Salt Lake City, UT 84105
$12,900,000
1326 S 500 E, Salt Lake City, UT 84105
Units
32
Price/Unit
$403,125
Price/Sqft
$389
Est Gross Yield
3.7%
$483,552/yr est.
Property Details
Unit Mix
| Type | Count | Beds | Baths | Sqft | Rent/Mo |
|---|---|---|---|---|---|
| 2BR / 1BA | 6 | 2 | 1 | 788 | $2,185/mo |
| 1BR / 1BA | 24 | 1 | 1 | 520 | $1,646/mo |
| Unit 3 | 1 | 0 | 0 | 996 | $3,103/mo |
| Unit 4 | 1 | 0 | 0 | 230 | $495/mo |
| Total | 32 | 36 | 30 | 18,434 | $56,212/mo |
Unit mix data is reported by the seller or listing agent through the MLS and may be inaccurate or incomplete. Buyers should independently verify all information and conduct their own due diligence before making any investment decisions.
Description
Prime 34-Unit Multi-family building just a half-block from Liberty Park. Positioned just a half-block from Salt Lake City's iconic Liberty Park, this turnkey 32-unit multifamily building with two ground-floor commercial units represents a rare trophy asset in a historically low-vacancy submarket. Designed to command top-of-market rents and maximize investor NOI, the property features a premium amenity package that ensures high tenant retention. Residents enjoy a secure, heated underground parking garage-a massive competitive advantage during Utah winters-with full elevator access to all levels. The building boasts a private, expansive second-floor courtyard offering a quiet urban oasis, alongside a state-of-the-art secure entry system for ultimate peace of mind. The two high-visibility commercial spaces capitalizes on vibrant neighborhood foot traffic, offering a diversified, robust revenue stream. Combining an unbeatable A+ location with institutional-grade features-including the heated garage, elevator access, and premium security-this generational asset is a standout addition to any sophisticated portfolio. Turnkey investment. Financial package and pro-forma available upon request
Listed by J. Scott Colemere · Colemere Realty Associates LLC
Location
1326 S 500 E, Salt Lake City, UT 84105
Proforma
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Cap Rate
2.49%
Cash-on-Cash
-5.82%
Cash Flow
-$23,475/mo
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Pro forma estimates are based on assumptions, not guaranteed, and should not be relied upon.
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© 2026 UtahRealEstate.com. All rights reserved. Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 6/12/2026, 12:10:49 AM. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing data provided by UtahRealEstate.com.