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Active

79Days on Market

$12,990,000

$392/sqft+2.9%/yrHome values in the 84105 zip code have grown an average of 2.9% per year over the last 5 years.

$12,900,000↑$90,000 (1%)Jun 11

Mountain ViewCorner Lot

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About This Property

Prime 34-Unit Multi-family building just a half-block from Liberty Park. Positioned just a half-block from Salt Lake City's iconic Liberty Park, this turnkey 32-unit multifamily building with two ground-floor commercial units represents a rare trophy asset in a historically low-vacancy submarket. Designed to command top-of-market rents and maximize investor NOI, the property features a premium amenity package that ensures high tenant retention. Residents enjoy a secure, heated underground parking garage-a massive competitive advantage during Utah winters-with full elevator access to all levels. The building boasts a private, expansive second-floor courtyard offering a quiet urban oasis, alongside a state-of-the-art secure entry system for ultimate peace of mind. The two high-visibility commercial spaces capitalizes on vibrant neighborhood foot traffic, offering a diversified, robust revenue stream. Combining an unbeatable A+ location with institutional-grade features-including the heated garage, elevator access, and premium security-this generational asset is a standout addition to any sophisticated portfolio. Turnkey investment. Financial package and pro-forma available upon request

Property Features

Heating

Gas: Central,>= 95% efficiency

Flooring

Tile

Interior Features

Alarm: Fire,Alarm: Security,Disposal,Dishwasher: Built-In

Exterior Features

Basement Entrance,Double Pane Windows,Patio: Covered,Secured Building,Secured Parking,Sliding Glass Doors

Parking

Covered,Secured

Unit Breakdown

Type 1×3

2 bed · 1 bath · Square Feet: 850

$2,495/mo each

= $7,485/mo

Type 2×3

2 bed · 1 bath · Square Feet: 725

$1,845/mo each

= $5,535/mo

Type 3×8

1 bed · 1 bath · Square Feet: 580

$1,688/mo each

= $13,504/mo

Type 4×16

1 bed · 1 bath · Square Feet: 488

$1,625/mo each

= $26,000/mo

Type 5

1 bath · Square Feet: 996

$3,103/mo

Type 6

0 bath · Square Feet: 230

$495/mo

Total Actual Rent(32 units)

$56,122/mo

Location

Estimated Monthly Payment

$70,588/mo

Down Payment$2,598,000 (20%)

Principal & Interest$65,883

Property Tax$2,269/mo

Insurance (est.)$2,436/mo

Est. Total$70,588/mo

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

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MLS# 2163852• Tax ID: 16-07-459-034

Courtesy of J. Scott Colemere, Colemere Realty Associates LLC · 801-403-8565 · scott@colemererealty.com

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.