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Listed price in listed location currency (USD).
$2,100,000

10158

MLS® 2141710

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential
Size 8513 sqft
Garage No
Taxes $15,792
Days Active 0
Lot Size 0.39 acres
Approx. Age 1905
Avg. Price Per Sqft $246
MLS® Number 2141710

Property Address: 119 K St, Salt Lake City, UT, 84103

Average square foot calculated using Size range provided by listing agent.

Description

Rare 15-unit acquisition opportunity in the highly sought-after Salt Lake City Avenues (687 E 2nd Ave & 119 N K St). This historic 1905 trophy asset offers massive, immediate upside. Three units are scheduled for vacancy in March 2026, allowing the new owner to capture top-of-market rents on Day 1 and force instant equity. Current average rents are significantly below market (Studios averaging $560/mo; 1-Bedrooms averaging $882/mo), providing a clear and proven path to aggressive revenue growth. -------------- The heavy lifting has already been completed with over $62, 000 in recent CapEx, including a $32, 000 driveway replacement, a $22, 000 electrical upgrade, and an $8, 000 new porch. Situated on a 0.39-acre corner lot with a 74 Walk Score, the property is perfectly positioned just 1.3 miles from Downtown SLC and 1.7 miles from the University of Utah, ensuring historically near-zero vacancy and a premium tenant base. Ideal value-add opportunity to command top-tier returns in one of SLC's highest-barrier-to-entry neighborhoods. Square footage figures are provided as a courtesy based on County records; buyer is advised to obtain an independent measurement and verify all information to their own satisfaction.
MLS® Number2141710
Laundry Level
Central VacNo
FireplaceNo
Acreage0.39
Exterior
GarageNo
Approx. Age1905
Basement
DrivewayCovered
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 7, 2026List Date
$2,100,000List Price
  • Commute

Commute

Starting Address
Destination Address
119 K St, Salt Lake City, UT

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