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35 O ST, Salt Lake City, UT — photo 11 / 34

$3,000,000

35 O ST, Salt Lake City, UT 84103

Units

17

Price/Unit

$176,471

Price/Sqft

$240

Est Gross Yield

9.7%

$292,356/yr est.

Property Details

Property typeMultifamily
Year built1953
Total units17
Living area12,495 sqft
Bedrooms23
Bathrooms17
Lot size0.43 acres
Days on market0
Listed2026-09-29T00:00:00+00:00

Unit Mix

TypeCountBedsBathsSqftRent/Mo
2BR / 1BA621700$1,200/mo
1BR / 1BA1111680$1,020/mo
Total17231711,680$18,420/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

25-35 O Street is a 17-unit multifamily investment opportunity in the highly desirable Avenues neighborhood of Salt Lake City. O Street Apartments consists of two buildings totaling 17 units and 19 covered parking stalls. 25 O Street features six (6) 2-bedroom/1-bath units with nine covered parking stalls, while 35 O Street features eleven (11) spacious 1-bedroom/1-bath units with ten covered parking stalls. The property has excellent proximity to Downtown Salt Lake City, the University of Utah, major employment centers, dining, shopping, and recreation. Priced at approximately $176,000 per unit, O Street Apartments presents an attractive opportunity to acquire a well located multifamily asset with meaningful value add potential. Measurements and information are provided as a courtesy and should be independently verified by Buyer. Please contact the listing agent for additional information or to schedule a showing. Owner/Agent.

Listed by Porter Criddle · Investment Realty Advisors LLC

Location

35 O ST, Salt Lake City, UT 84103

Proforma

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Cap Rate

6.48%

Cash-on-Cash

4.81%

Cash Flow

$4,510/mo

Purchase Price$3,000,000
Down Payment35% ($1,050,000)
Interest Rate6.00%
Monthly Rent$24,363/mo
Vacancy5%
Expense Ratio30% ($83,321)

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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 9/29/2026, 11:07:53 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.