Property
Beds
10
Full Baths
None
1/2 Baths
None
Year Built
1911
Sq.Footage
5,678
PREMIUM TURN-KEY MULTIFAMILY INVESTMENT. Thoughtfully restored and extensively improved, this unique fully furnished 5-plex stands apart from typical multifamily offerings by combining historic character with modern systems, quality finishes, and true turn-key operation. Situated in a highly desirable Eastside Downtown Salt Lake City location near the University of Utah, TRAX, and major employment centers, the property benefits from consistent demand among students, working professionals, and long-term residents seeking quality housing in one of Salt Lake City's most convenient locations. Each of the five apartments features two bedrooms, one full bathroom, a comfortable living area, and dining space. All units have been upgraded with remote-controlled mini-split heating and cooling systems, providing individual climate control in every room. Residents enjoy private front porches or decks, a shared rear patio, on-site laundry facilities, and designated parking. Current rents have remained largely unchanged for several years, providing potential future upside while maintaining exceptional occupancy and tenant retention. Extensive improvements and upgrades to the property's interior and infrastructure have significantly reduced future maintenance concerns, creating an attractive ownership experience for investors who prefer managing an asset rather than a renovation project. Combined with a strong occupancy history, this property offers a rare blend of stability, quality, and long-term investment potential. Listing agent is related to Seller.
Features & Amenities
Interior
-
Total Bedrooms
10
-
Bathrooms
N/A
-
Cooling YN
NO
-
Cooling
None
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Forced Air
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Brick, Stone
-
Patio and Porch Features
Deck, Covered, Patio
-
Pool
No
-
Waterfront YN
NO
-
View
Mountain(s)
Area & Lot
-
Lot Size(acres)
0.12
-
Lot Size(square feet)
5227.2
-
Property Type
Residential
-
Property Sub Type
Multi Family
-
Architectural Style
Five-Plex
Price
-
Sales Price
$1,995,000
-
Tax Amount
$6,151
-
Zoning
R-3
-
Sq. Footage
5, 678
-
Price/SqFt
$351
HOA
-
Association
No
School District
-
Elementary School
Salt Lake
-
Middle School
Bryant
-
High School
East
Property Features
-
New Construction
NO
-
Senior Community YN
NO
-
Sewer
Public Sewer
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Location
County
Salt Lake
Elementary School
Salt Lake
Middle School
Bryant
High School
East
Listing Courtesy of Lucile Walbeck , Lift Realty
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Principal Broker
Micah Pearson
Call Micah today to schedule a private showing.
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