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828 S 500 E photo 11 / 35

$1,900,000

828 S 500 E, Salt Lake City, UT 84102

Units

9

Price/Unit

$211,111

Price/Sqft

$313

Est Gross Yield

9.1%

$173,232/yr est.

Property Details

Property typeMultifamily
Year built1967
Total units9
Living area6,068 sqft
Bedrooms15
Bathrooms9
Lot size0.19 acres
Parking9 spaces
Days on market0
Listed2026-06-18T00:00:00+00:00

Unit Mix

TypeCountBedsBathsSqftRent/Mo
Unit 1900674
Total9006,066

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

ACRES Commercial Real Estate is pleased to present the opportunity to acquire a well-maintained 9-unit multifamily property located in the highly sought-after Liberty Park neighborhood of Salt Lake City, Utah. Situated on a 0.19-acre parcel, the property features updated unit interiors, strong in-place occupancy, and the potential for future rental growth. This offering provides investors with an attractive combination of stable cash flow, operational stability, and value-add upside in one of Salt Lake City's most desirable and supply-constrained rental markets. With its premier location, proven performance, and the opportunity to enhance returns through continued asset management, the property represents a compelling multifamily investment.

Listed by Jody Jones · Align Complete Real Estate Services LLC

Location

828 S 500 E, Salt Lake City, UT 84102

Proforma

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Cap Rate

3.93%

Cash-on-Cash

-1.98%

Cash Flow

-$1,174/mo

Purchase Price$1,900,000
Down Payment35% ($665,000)
Interest Rate6.00%
Monthly Rent$9,369/mo
Vacancy5%
Expense Ratio30% ($32,042)

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Pro forma estimates are based on assumptions, not guaranteed, and should not be relied upon.

DISCLAIMER: The information provided on this website, including property details, pricing, projections, and availability, is for informational purposes only and may change without notice. While Canovo Group, LLC strives to maintain accurate and up-to-date information, we do not guarantee its completeness or accuracy. Users should independently verify all information and property details, including availability and any leasing conditions, with the listing agent or property owner before making any decisions. Canovo Group, LLC is not responsible for any errors, omissions, or third-party content and makes no representations or warranties regarding the properties listed. Neither Canovo Group, LLC nor its affiliates are acting as your real estate agent or broker, nor do we represent or endorse any properties or parties unless expressly stated in a separate written agreement. This website is not an offer or solicitation to buy, sell, or lease any property. All transactions are the sole responsibility of the parties involved.

© 2026 UtahRealEstate.com. All rights reserved. Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 6/18/2026, 11:01:03 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.