For sale MLS# 2176326 · 83 days on the market
$2,950,000
It starts with a call with an agent.
905 E 200 S, Salt Lake City, UT 84102
About this home
Rarely does an offering combine this much location, character, and untapped income potential in one package. Situated in the heart of East Central, this 16-unit brick apartment community sits perfectly between downtown Salt Lake City's core and the University of Utah - just three blocks from TRAX, and walking distance to shopping, dining, and everything the neighborhood has to offer. Built in 1937, the property retains the timeless charm of Salt Lake's classic walk-up apartment stock, while benefiting from significant recent capital improvements: a new roof, refurbished exterior siding, and plumbing and electrical upgrades completed in 2024. Seven of the sixteen units have also been individually updated, offering a strong mix of renovated and classic units to support a flexible leasing and value-add strategy. The unit mix - 8 studios, 5 one-bedrooms, and 3 two-bedrooms - appeals to a broad renter pool, from students and young professionals to downtown commuters. With current rents sitting meaningfully below market across the studio and one-bedroom units, this property offers a clear, executable path to increased NOI through strategic lease-up and renewal pricing, without requiring major capital investment beyond what's already been completed. Whether you're targeting a value-add reposition or a stabilized hold with embedded upside, 905 East 200 South presents a compelling opportunity in one of Salt Lake City's most in-demand rental corridors.
Written by the listing agent.
Location
The market in Salt Lake City today
$2,950,000 is 229% above the median asking price in Salt Lake City.
At $291 per sqft it asks about the city median.
49% of the listings for sale have lowered their price at least once.
From the listings for sale, as of October 26, 2026. Asking prices only: Utah does not make sold prices public.
Living in Salt Lake City
Salt Lake City is the capital and most populous city of Utah, founded in 1847 and located in a valley near the Great Salt Lake.
- 199,723 residents (2020)
- 24 rail stations
- 79 named trails
- 101 named parks
Monthly payment
- Principal & interest
- $16,347
- Property tax
- $1,189
- Home insurance
- $110
10% down ($295,000), 30-year fixed at 6.25%. Tax from the MLS record; insurance is an estimate. Not a loan offer.
Details
- Style
- Stories: 2
- Lot
- 0.23 acres
- Parking
- Parking: Uncovered
- Heating
- Gas: Radiant
- Flooring
- Hardwood, Tile
- Roof
- Asphalt
See all 13 details
- Construction
- Brick
- Water
- Culinary
- Sewer
- Sewer: Connected
- Effective year built
- 1997
- County
- Salt Lake
- Zoning
- Multi-Family
- Terms
- Cash, Conventional
- Kitchen: Updated
- Natural Gas Connected
- Electricity Connected
- Sewer Connected
- Water Connected
Schools
Assigned schools as reported to the MLS by the listing agent. Boundaries change; confirm enrollment with the district. · Salt Lake
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Listing courtesy of Christie's International Real Estate VUE (Christies VUE Salt Lake) / Cherie M Major. Based on information from UtahRealEstate.com as of 10/9/2026 1:37 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.