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> 4 Units

Active

120Days on Market

$4,450,000

$339/sqft+2.0%/yrHome values in the 84102 zip code have grown an average of 2.0% per year over the last 5 years.

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About This Property

I'm interested

Well-located 15-unit apartment building in the heart of Salt Lake City, just minutes from the University of Utah. The property features a highly desirable unit mix of twelve 2-bedroom/1-bath units and three 1-bedroom/1-bath units, all offering spacious, functional layouts that appeal to both student and professional tenants. The property was comprehensively renovated in 2022 by current ownership, with upgrades including modern cabinetry, countertops, flooring, paint, appliances, and HVAC systems. Units offer a clean, updated feel while maintaining a level of character that fits the surrounding neighborhood. Benefiting from its proximity to the University, hospital systems, and downtown, the property has consistently attracted strong tenant demand. This is an excellent opportunity to acquire a renovated, well-positioned asset in one of Salt Lake City's most reliable rental corridors.

Property Features

Heating

Forced Air

Flooring

Hardwood,Tile

Exterior Features

Patio: Covered,Secured Building,Sliding Glass Doors

Parking

Covered

Unit Breakdown

Type 1×12

2 bed · 1 bath

$1,415/mo each

= $16,980/mo

Type 2×3

1 bed · 1 bath

$1,210/mo each

= $3,630/mo

Total Actual Rent(15 units)

$20,610/mo

Location

Estimated Monthly Payment

$25,120/mo

Down Payment$890,000 (20%)

Principal & Interest$22,570

Property Tax$1,716/mo

Insurance (est.)$834/mo

Est. Total$25,120/mo

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

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MLS# 2153765• Tax ID: 16-05-332-024

Courtesy of Porter Criddle, Investment Realty Advisors LLC · 801-694-5291 · porter@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.