227 N Spencer Ct #Qgspqgmhp, Salt Lake City, UT, 84103
About This Home
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.
Getting Around
Very Walkable
Good Transit
Very BikeableSchools
Construction
Condition
- Property condition: Blt./Standing
- Year built: 1916
Materials
- Roof: Asphalt,Membrane
- Construction materials: Brick,Stucco
Notable Dates
- Major remodel year: 2010
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Bedrooms & Bathrooms
- Bedrooms: 30
- Bathrooms: 22
Features
- Window features: Blinds
- Flooring: Hardwood,Tile,Concrete
Interior Area
- Total structure area: 13,866
- Total interior livable area: 13,866 sqft
Property
Details
- Parcel number: 0931333007
- Zoning: SR-1A
- Zoning description: Multi-Family
Features
- Has view: Yes
- View description: Mountain(s)
- Residential vegetation: Mature Trees
Lot
- Lot size: 0.58 Acres
- Lot size dimensions: 0.0 x 0.0 x 0.0
Parking
- Total spaces: 1
- Parking features: Open
- Covered spaces: 1
- Has uncovered spaces: Yes
- Carport: Yes
- Carport spaces: 1
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters Across Utah Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $18,203 | $218,436 |
| Home Insurance | $828 | $9,936 |
| Property Taxes | $1,499 | $17,988 |
| Electricity | $841 | $10,099 |
| Total | $21,371 | $256,452 |
Income You'd Need if You Spent...
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-10 | Listed for sale | $3,599,999 |
| 2026-02-04 | Listing removed | $895 |
| 2026-01-17 | Listed for rent | $895 |
| 2024-12-15 | Listing removed | $950 |
| 2024-11-23 | Price change | $950 |
| 2024-11-05 | Listed for rent | $1,000 |
| 2023-07-15 | Listing removed | -- |
| 2023-04-14 | Listed for rent | $1,100 |
| 2021-10-30 | Listing removed | -- |
| 2021-10-21 | Listed for rent | $995 |
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