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157 S 800 E photo 11 / 5

$975,000

157 S 800 E, Salt Lake City, UT 84102

Units

10

Price/Unit

$97,500

Price/Sqft

$163

Est Gross Yield

13.7%

$133,920/yr est.

Property Details

Property typeMultifamily
Year built1950
Total units10
Living area5,989 sqft
Bedrooms10
Bathrooms5
Lot size0.22 acres
Parking5 spaces
Days on market50
Listed2026-04-29T00:00:00+00:00

Unit Mix

TypeCountBedsBathsSqftRent/Mo
11BR / 5BA11155,989$69,920/mo
Total11155,989$69,920/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

This multi-unit property was originally built as an elderly care facility that required overhead water sprinklers, which are still in place. Currently, the property is licensed and used as a single-room boarding home with multiple tenants. There is one 2-bedroom apartment and a 1-bedroom apartment on the main. Both have kitchens. The 2-bedroom apartment has a 3/4 bath, and the 1-bedroom has a full bath. One of the 1-bedroom units has a 1/2 bath; the other 7 rooms share two common baths. Upstairs, there are 2 common full bathrooms and a common area kitchen. THIS PROPERTY IS PERFECT "AS IS" OR CAN BE DEVELOPED INTO AN AIRBNB, HOSTEL, GROUP HOME, OR APARTMENT HOMES! THE BOILER IS A COUPLE OF YEARS OLD AND HIGHLY EFFICIENT. THE ROOF IS IN EXCELLENT CONDITION.

Listed by Terry Cononelos · Masters Utah Real Estate

Location

157 S 800 E, Salt Lake City, UT 84102

Proforma

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Cap Rate

1.88%

Cash-on-Cash

-7.46%

Cash Flow

-$2,274/mo

Purchase Price$975,000
Down Payment35% ($341,250)
Interest Rate6.00%
Monthly Rent$2,294/mo
Vacancy5%
Expense Ratio30% ($7,845)

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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 6/18/2026, 10:59:43 PM. 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.