1 / 61

> 4 Units

$410,000 reduction

Active

173Days on Market

$1,690,000

$199/sqft+2.2%/yrHome values in the 84103 zip code have grown an average of 2.2% per year over the last 5 years.

$2,100,000↓$410,000 (20%)Jul 22

Mountain View

Price history — protected

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About This Property

I'm interested

Rare 15-unit acquisition opportunity in the highly sought-after Salt Lake City Avenues (687 E 2nd Ave & 119 N K St). This historic 1905 trophy asset offers massive, immediate upside. Three units are scheduled for vacancy in March 2026, allowing the new owner to capture top-of-market rents on Day 1 and force instant equity. Current average rents are significantly below market (Studios averaging $560/mo; 1-Bedrooms averaging $882/mo), providing a clear and proven path to aggressive revenue growth. -------------- The heavy lifting has already been completed with over $62,000 in recent CapEx, including a $32,000 driveway replacement, a $22,000 electrical upgrade, and an $8,000 new porch. Situated on a 0.39-acre corner lot with a 74 Walk Score, the property is perfectly positioned just 1.3 miles from Downtown SLC and 1.7 miles from the University of Utah, ensuring historically near-zero vacancy and a premium tenant base. Ideal value-add opportunity to command top-tier returns in one of SLC's highest-barrier-to-entry neighborhoods. Square footage figures are provided as a courtesy based on County records; buyer is advised to obtain an independent measurement and verify all information to their own satisfaction.

Property Features

Parking

Covered

Unit Breakdown

Type 1×11

1 bed · 1 bath

$0/mo each

= $0/mo

Type 2×4

1 bath

$0/mo each

= $0/mo

Total Actual Rent(15 units)

$0/mo

Location

Estimated Monthly Payment

$10,204/mo

Down Payment$338,000 (20%)

Principal & Interest$8,571

Property Tax$1,316/mo

Insurance (est.)$317/mo

Est. Total$10,204/mo

Based on 20% down, 6.529% rate, 30-yr fixed. For estimation only.

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MLS# 2141710• Tax ID: 09-32-353-023

Courtesy of Zach Droubay, Bybee & Co Realty, LLC · zach@utahproperties.org

Property data from UtahRealEstate.com. Home value index from Zillow Research (zillow.com/research/data). Walkability data from Walk Score. Rent estimates from Rentometer. Public records (owner + loan) from the Salt Lake County Recorder; loan rate estimated from FRED's 30-yr average at origination month, balance assumes a 30-yr fixed with no extra payments. Property valuations by Rocco Value. Information deemed reliable but not guaranteed.