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The Perry Group

[email protected] +1(801) 871-5259

$2,900,000

Est. payment - /mo

12 Beds

6 Baths

7,304 SqFt

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Key Details

Property Type Multi-Family

Sub Type > 4 Units

Listing Status Active

Purchase Type For Sale

Square Footage 7,304 sqft

Price per Sqft $397

Subdivision Avenues

MLS Listing ID 2149437

Style Stories: 1

Bedrooms 12

Construction Status Blt./Standing

HOA Y/N No

Year Built 1936

Annual Tax Amount $8,815

Lot Size 0.310 Acres

Acres 0.31

Lot Dimensions 0.0x0.0x0.0

Property Sub-Type > 4 Units

Property Description

This rare six-unit multi-family property is ideally located on Capitol Hill bordering downtown, the state Capitol, and the Avenues in one of Salt Lake City's most desirable and enduring neighborhoods. Positioned just above North Temple, the property provides exceptional accessibility to the University of Utah, the vibrant urban corridor, the airport, and the surrounding canyons, while maintaining a sense of privacy set back from the city center. Comprised of three standalone duplexes, the property creates a unique residential environment where each unit lives more like an individual home, with private entryways framed by distinctive turret-style architectural elements. Rich in character, the residences feature original hardwood floors, fireplaces, curved doorways, and colorful vintage tile, elements that have contributed to long-term tenant retention and a strong sense of place. The unit mix includes two one-bedroom, two two-bedroom, and two three-bedroom residences, each with one bathroom and thoughtful layouts. Several units offer additional flexibility with den or dining spaces, along with private balconies capturing views of downtown and the surrounding mountain ranges. A central courtyard provides a shared outdoor gathering space, complemented by covered parking for each unit, shared laundry, and additional storage. While currently capturing below market rents, this property attracts consistent loyalty with many tenants in place for extended periods, some for over two decades, a firm reflection of both the appeal of the property and the stability it offers. While the property has been maintained over time, it presents a clear opportunity for a future owner to thoughtfully update and reposition the asset, aligning rents more closely with current market levels while preserving its architectural integrity. A compelling opportunity to acquire a legacy property with strong fundamentals, irreplaceable character, and meaningful long-term upside in one of Salt Lake City's most sought-after locations.

Location

State UT

County Salt Lake

Area Salt Lake City: Avenues Area

Zoning Multi-Family

Interior

Interior Features Range/Oven: Free Stdng., Dishwasher: Built-In

Heating Gas: Central

Flooring Hardwood, Tile, Vinyl

Fireplaces Type Insert

Inclusions Dryer, Fireplace Insert, Range, Refrigerator, Washer, Window Coverings

Equipment Fireplace Insert, Window Coverings

Fireplace false

Window Features Blinds

Laundry Electric Dryer Hookup

Exterior

Exterior Feature Balcony, Porch: Open, Patio: Open

Utilities Available Natural Gas Connected, Electricity Connected, Sewer Connected, Sewer: Public, Water Connected

View Y/N Yes

View Mountain(s)

Roof Type Tile

Present Use Residential

Topography Curb & Gutter, Road: Paved, Sidewalks, Sprinkler: Auto-Full, Terrain, Flat, View: Mountain

Porch Porch: Open, Patio: Open

Private Pool false

Building

Lot Description Curb & Gutter, Road: Paved, Sidewalks, Sprinkler: Auto-Full, View: Mountain

Sewer Sewer: Connected, Sewer: Public

Water Culinary

Architectural Style Stories: 1

Structure Type Cinder Block,Stucco

New Construction No

Construction Status Blt./Standing

Schools

Elementary Schools Washington

Middle Schools Bryant

High Schools West

School District Salt Lake

Others

Senior Community No

Tax ID 09-31-308-025

Acceptable Financing Cash, Conventional

Horse Property No

Listing Terms Cash, Conventional

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Listed by Summit Sotheby's International Realty

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+1(801) 871-5259

[email protected]

1931 S 1100 E #200, Salt Lake City, UT, 84106, United States

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55 E 200 N Salt Lake City, UT 84103