$900,000
$300K PRICE DROP

Estimated payment $5,122/month

Total Views 5,861
8 Beds
8 Baths
2,208 Sq Ft
$408 Price per Sq Ft

Highlights

  • No HOA
  • Tile Flooring
  • No Heating
  • West High Rated A
  • Landscaped

About This Home

Northmarq is pleased to present this established 8-plex located in downtown Salt Lake City. Value-add opportunity, property consists of 8 studio apartments in an ideal location. The property is within walking distance of restaurants, shopping and public transit. The following and more make the 8-plex a great investment: 5-minute walk to the UTA TRAX Jackson/Euclid Station,Less than a 10-minute drive to the University of Utah. With a young overall median age, high rate of college graduates, and the highest population growth rate in the country, demand for housing in Salt Lake City will continue to increase. Utah remains at the top of the list for national job growth and Salt Lake Valley has proven to be one of the nation's strongest multifamily markets. Easy access to both downtown and outdoor activities makes this property an incredible acquisition opportunity!

Listing Agent

Mark Numbers

Northmarq Multifamily LLC License #5802527 Listed on: 05/09/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,195

Year Built

  • Built in 1961

Lot Details

  • 10,019 Sq Ft Lot
  • Landscaped

Home Design

  • 2,208 Sq Ft Home

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces

Schools

  • Jackson Elementary School
  • West High School

Utilities

  • No Cooling
  • No Heating

Community Details

  • No Home Owners Association
  • 8 Units

Listing and Financial Details

  • Assessor Parcel Number 08-35-426-013

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,195

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Property Sub Type: > 4 Units
  • Prop. Type: Residential
  • Horses: No
  • Lot Size Acres: 0.23
  • Lot Size: 0.0x0.0x0.0
  • Architectural Style: Stories: 2
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • Property Attached Yn: No
  • Year Built: 1961
  • Accessory Dwelling Unit: No
  • Special Features: None
  • Stories: 0

Interior Features

  • Private Spa: No
  • Total Bedrooms: 8
  • Fireplace: No
  • Flooring: Carpet, Tile
  • Living Area: 2208.0

Exterior Features

  • Pool Private: No
  • View: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Cinder Block
  • Direction Faces: East
  • Property Condition: Blt./Standing

Garage/Parking

  • Attached Garage: No
  • Open Parking Spaces: 8.0
  • Open Parking: No
  • Total Parking Spaces: 8.0

Utilities

  • Cooling Y N: No
  • Heating Yn: No
  • Water Source: Culinary

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: Jackson
  • Junior High Dist: Salt Lake
  • High School: West
  • Middle Or Junior School: None/Other

Lot Info

  • Current Use: Residential
  • Lot Size Sq Ft: 10018.8
  • Parcel #: 08-35-426-013
  • Zoning Description: R17000
  • Zoning: Multi-Family

Multi Family

  • Number Of Units Total: 8

Tax Info

  • Tax Annual Amount: 4195.0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/07/2025 08/07/25 Price Changed $900,000 -5.3% $408 / Sq Ft
06/16/2025 06/16/25 Price Changed $950,000 -5.0% $430 / Sq Ft
05/19/2025 05/19/25 Price Changed $1,000,000 -16.7% $453 / Sq Ft
05/09/2025 05/09/25 For Sale $1,200,000 -- $543 / Sq Ft
Source: UtahRealEstate.com

Source: UtahRealEstate.com

MLS Number: 2083945

UtahRealEstate.com