60 E ST photo 1
1 / 53
> 4 Units
$100,001 reduction
Active
109Days on Market

$1,949,999

$295/sqft+2.2%/yrHome values in the 84103 zip code have grown an average of 2.2% per year over the last 5 years.

$2,050,000↓$100,001 (5%)May 19

Price history — protected

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About This Property

I'm interested

Introducing The SULA, a rare opportunity to own a 7-unit multifamily property in the highly sought-after Avenues neighborhood, just moments from the University of Utah, City Creek Canyon and within walking distance to downtown Salt Lake City. Rich in character, this historic gem showcases timeless architecture that stands out in one of the city's most vibrant urban settings. Tenants are consistently drawn to the property's blend of classic charm and thoughtful modern updates. These units feature unique touches such as hardwood floors, original fireplaces, exposed brick accents, and high ceilings that create an open, inviting atmosphere. Select units offer private balconies. Updated kitchens and bathrooms provide contemporary comfort and functionality. The property is fully leased with quality tenants in place, offering immediate income stability. Amenities include fire escapes where required, in-unit washer and dryers in three units, and dishwashers in five units-enhancing tenant convenience and appeal. A distinctive investment property that seamlessly combines historic elegance with modern livability-The SULA is as stylish as it is smart. Cap Rate of 5.7%

Property Features

Heating

Forced Air,Gas: Central

Flooring

Carpet,Hardwood,Tile

Laundry

Gas Dryer Hookup

Interior Features

Alarm: Fire,Disposal,Gas Log,Kitchen: Updated,Oven: Gas,Dishwasher: Built-In

Exterior Features

Balcony,Basement Entrance,Bay Box Windows,Entry (Foyer),Lighting,Patio: Covered

Unit Breakdown

Type 1

2 bed · 1 bath · Square Feet: 1100

$1,740/mo

Type 2

1 bed · 1 bath · Square Feet: 550

$1,400/mo

Type 3

1 bed · 1 bath · Square Feet: 550

$1,000/mo

Type 4

2 bed · 1 bath · Square Feet: 1100

$2,200/mo

Type 5

2 bed · 1 bath · Square Feet: 1100

$1,600/mo

Type 6

2 bed · 1 bath · Square Feet: 1100

$2,200/mo

Type 7

2 bed · 1 bath · Square Feet: 1100

$2,000/mo

Total Actual Rent(7 units)

$12,140/mo

Location

Estimated Monthly Payment

$10,856/mo

Down Payment$390,000 (20%)
Principal & Interest$9,890
Property Tax$600/mo
Insurance (est.)$366/mo
Est. Total$10,856/mo

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

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MLS# 2148322• Tax ID: 09-31-480-010

Courtesy of Matthew Sprunt, Utah Home Central · 801-414-5790 · UHCRE1@GMAIL.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.

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Estimated Monthly Payment

$10,856/mo

Down Payment$390,000 (20%)
Principal & Interest$9,890
Property Tax$600/mo
Insurance (est.)$366/mo
Est. Total$10,856/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# 2148322• Tax ID: 09-31-480-010

Courtesy of Matthew Sprunt, Utah Home Central · 801-414-5790 · UHCRE1@GMAIL.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.

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