141 E 1ST AVE photo 1
1 / 24
> 4 Units
$350,000 reduction
Active
197Days on Market

$6,550,000

$212/sqft+2.2%/yrHome values in the 84103 zip code have grown an average of 2.2% per year over the last 5 years.

$6,900,000↓$350,000 (5%)Apr 14

Price history — protected

Price history is available to our clients. Request access and your agent will reach out.

About This Property

I'm interested

Located in the heart of downtown Salt Lake City's Avenues neighborhood, Castle Heights Apartments is one of the cities most iconic multifamily buildings. 32-units just steps from Temple Square, City Creek, dining, employment, and public transit. The property includes 27 one-bedroom units, 4 studios, and 1 two-bedroom. Some interior cosmetic upgrades were completed in 2021, including new cabinets, countertops, and stainless steel appliance, but more work remains. Offered at UNDER $210,000 per unit, this is a compelling value-add opportunity in a premier, walkable downtown location with strong long-term upside.

Property Features

Heating

Gas: Radiant

Flooring

Carpet,Hardwood,Tile,Vinyl

Exterior Features

Entry (Foyer)

Parking

Covered,Parking: Uncovered

Unit Breakdown

Type 1×15

1 bed · 1 bath · Square Feet: 620

$0/mo each

= $0/mo

Type 2×13

1 bed · 1 bath · Square Feet: 655

$0/mo each

= $0/mo

Type 3

2 bed · 1 bath · Square Feet: 875

$0/mo

Type 4×3

1 bath · Square Feet: 560

$0/mo each

= $0/mo

Total Actual Rent(32 units)

$0/mo

Location

Estimated Monthly Payment

$37,010/mo

Down Payment$1,310,000 (20%)
Principal & Interest$33,220
Property Tax$2,562/mo
Insurance (est.)$1,228/mo
Est. Total$37,010/mo

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

Generic estimate. Create an account to enter your down payment, rate, and cash on hand for a number tailored to you.

Create account & personalize

MLS# 2136339• Tax ID: 09-31-379-018

Courtesy of Cory Waddoups, Investment Realty Advisors LLC · 801-609-8342 · cory@iraut.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.

Interested in this property?

Schedule a consultation or send us a message.

or send a message

Estimated Monthly Payment

$37,010/mo

Down Payment$1,310,000 (20%)
Principal & Interest$33,220
Property Tax$2,562/mo
Insurance (est.)$1,228/mo
Est. Total$37,010/mo

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

Generic estimate. Create an account to enter your down payment, rate, and cash on hand for a number tailored to you.

Create account & personalize

MLS# 2136339• Tax ID: 09-31-379-018

Courtesy of Cory Waddoups, Investment Realty Advisors LLC · 801-609-8342 · cory@iraut.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.

Synapse Realty
SearchBuySellInvestRentLearnToolsTeamBook a Call
Synapse Realty

We show you the data behind every decision, so you never buy, sell, or invest blind.

License #7556837 - CN00

Brokered by Selling Salt Lake

© 2026 Synapse RealtyPowered by Rocco CRM
Privacy PolicyTerms of Use
Agent Login
© 2026 Synapse Realty·Powered by Rocco CRM
Privacy PolicyTerms of UseAgent Login

Schools

Elementary

Wasatch

Middle School

Bryant

High School

West