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> 4 Units

$200,000 reduction

Active

139Days on Market

$865,000

$288/sqft+2.2%/yrHome values in the 84103 zip code have grown an average of 2.2% per year over the last 5 years.

$1,065,000↓$200,000 (19%)May 23

Mountain ViewCorner Lot

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About This Property

This sixplex multi-family property is located in Salt Lake's highly desirable Avenues neighborhood, positioned on a prominent corner lot with convenient access to downtown, the University of Utah, area parks, dining, and the region's extensive trail systems. The property is currently configured as six different conforming units within a single structure, consisting primarily of studio and one-bedroom layouts. The asset offers immediate income with continued demand driven by its exceptional location. The structure itself is in original condition and will require significant updating, presenting a clear opportunity for a future owner to renovate, reposition, or evaluate alternative long-term strategies for the site. Buyers are encouraged to conduct their own due diligence regarding potential improvements, redevelopment considerations, and any requirements associated with the property's historic designation. Additional features include open off-street parking at the rear of the property, ample surrounding street parking, mature landscaping, and shared laundry and storage areas. This is a rare opportunity to acquire a well-located parcel in one of the City's most consistently sought-after neighborhoods, offering both in-place income and the potential to reimagine the property over time.

Property Features

Heating

Forced Air

Flooring

Carpet,Tile,Vinyl

Laundry

Electric Dryer Hookup

Interior Features

Basement Apartment,Range: Countertop,Range/Oven: Free Stdng.,Dishwasher: Built-In

Exterior Features

Porch: Open,Patio: Open

Parking

Parking: Uncovered

Unit Breakdown

Type 1

1 bed · 1 bath · Square Feet: 600

$800/mo

Type 2

1 bath · Square Feet: 600

$800/mo

Type 3

0 bath · Square Feet: 300

$550/mo

Type 4

1 bed · 1 bath · Square Feet: 600

$950/mo

Type 5

0 bath · Square Feet: 300

$650/mo

Type 6

1 bed · 1 bath · Square Feet: 600

$1,000/mo

Total Actual Rent(6 units)

$4,750/mo

Location

Estimated Monthly Payment

$4,877/mo

Down Payment$173,000 (20%)

Principal & Interest$4,387

Property Tax$328/mo

Insurance (est.)$162/mo

Est. Total$4,877/mo

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

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MLS# 2149423• Tax ID: 09-31-381-007

Courtesy of Thomas Wright, Summit Sotheby's International Realty · 801-652-5700 · thomas.wright@sothebysrealty.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.