227 N SPENCER CT, Salt Lake City, UT 84103
Salt Lake County
Key Facts
Description
Spencer Court Apartments is a unique 22-unit multifamily community comprised of six smaller multi-family buildings nestled in one of Salt Lake City's most sought-after neighborhoods. The property boasts a proven operational history with strong rental performance and healthy NOI, currently offered at an attractive 6.3% in-place cap rate with compelling price-per-unit metrics. There is significant opportunity to improve asset quality, push rents, and drive meaningful appreciation. Do not disturb tenants. Buyer to obtain independent measurements and verify all information independently.
Property Information
Property Type
Residential
Sub-Type
Multi Family
Year Built
1916
Living Area
13,866 sq ft
Lot Size
0.58 acres
Lot Dimensions
0.0x0.0x0.0
Parking Spaces
1
Zoning
Multi-Family
MLS® Listing#
2149702
Property Features
Cooling
Heating
Flooring
Construction
Roof
Windows
Utilities
Sewer
Schools
- Elementary:
- Ensign
- Middle:
- Clayton
- High:
- West
Financial Details
HOA
None
Annual Taxes
$15,787
Parcel Number
09-31-333-007
Affordability Calculator
$720,000
Estimated monthly payment
$19,161/mo
Principal $2,879,999 · Est. interest $4,017,855 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Salt Lake City, UT
- $645,816
- Median Listing Price
- 68
- Median Days on Market
- 2,020
- Median Sq Ft
- $322
- Median Price / Sq Ft
- 3,113
- Active Listings
- This home’s price is 457% above the area median.
- Its price per sq ft is 19% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Salt Lake City, UT.
Location
Getting Around
Points of Interest in Salt Lake City, UT
Showing the Salt Lake City area map.
Nearby Schools
The Madeleine Choir School
Secondary · 0.3 mi away
The Open Classroom
Elementary · 0.4 mi away
American Heritage School - Salt Lake Campus
School · 0.5 mi away
Pinyon Montessori
Elementary · 0.7 mi away
Washington Elementary School
Elementary · 0.7 mi away
Violin Making School of America
School · 0.7 mi away
West High School
Secondary · 0.8 mi away
City Academy
School · 0.8 mi away
The Other Side Academy
School · 0.9 mi away
American Academy
School · 0.9 mi away
Bryant Middle School
Elementary · 0.9 mi away
Ensign Elementary School
Elementary · 1.2 mi away
Bennion Elementary School
Elementary · 1.4 mi away
Jackson Elementary School
Elementary · 1.4 mi away
Wasatch Elementary School
Elementary · 1.5 mi away
Miss Billie's Kids Kampus
School · 1.7 mi away
Judge Memorial Catholic High School
Secondary · 1.8 mi away
Our Lady of Lourdes Catholic School
Secondary · 1.9 mi away
University of Utah Math Majors
School · 1.9 mi away
Rowland Hall St Mark's School
Elementary · 2.0 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 1346 S SAWMILL BLVD 601-10, Heber City, UT | $4,450,000 | 30 | 20 | 14,000 |
| 1378 S SAWMILL BLVD 7-703, Heber City, UT | $4,500,000 | 30 | 20 | 14,000 |
Moving Cost Estimate
EXIT Agents in Salt Lake City
Listing Courtesy: Investment Realty Advisors LLC - 435-485-7070
Last Updated: 2026-04-10