1 / 36

> 4 Units

$99,000 reduction

Active

77Days on Market

$1,150,000

$269/sqft+2.2%/yrHome values in the 84103 zip code have grown an average of 2.2% per year over the last 5 years.

$1,249,000↓$99,000 (8%)Jul 16

Corner Lot

Price history — protected

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

About This Property

I'm interested

Rare opportunity to own a well-maintained 5-Plex in Salt Lake City's desirable Avenues neighborhood. Just minutes from downtown, the University of Utah, hospitals, restaurants, shopping, and public transit, this property is ideally located for tenants who want to be close to work, school, and everything the city has to offer. The property has seen major updates, including new plumbing throughout, along with other improvements that help reduce maintenance and keep the units attractive to renters. Its strong location has contributed to consistent tenant demand and low vacancy over the years. The Avenues continues to be one of Salt Lake City's most sought-after neighborhoods, making this an excellent opportunity for investors looking for a solid income-producing property with long-term upside. **Please do not disturb tenants. Showings require advance notice, and access to all units may not be available until an offer has been accepted. Buyer to verify all information, including square footage.

Property Features

Heating

Wall Furnace

Flooring

Hardwood,Tile

Unit Breakdown

Type 1

2 bed · 1 bath · Square Feet: 875

$1,595/mo

Type 2

1 bed · 1 bath · Square Feet: 1025

$1,495/mo

Type 3

2 bed · 1 bath · Square Feet: 800

$1,395/mo

Type 4

1 bed · 1 bath · Square Feet: 800

$1,695/mo

Type 5

1 bath · Square Feet: 560

$925/mo

Total Actual Rent(5 units)

$7,105/mo

Location

Estimated Monthly Payment

$6,527/mo

Down Payment$230,000 (20%)

Principal & Interest$5,833

Property Tax$478/mo

Insurance (est.)$216/mo

Est. Total$6,527/mo

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

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MLS# 2164454• Tax ID: 09-32-309-009

Courtesy of Brian Noel, Century 21 Everest · 801-599-5292 · brian@noelrealestate.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.