Melissa Ross
Real Broker, LLC
(773) 345-7685
37 Total Sales
1 in The Avenues
$648,453 Price
Last list price
423 E 1st Ave Salt Lake City, UT 84103
The Avenues Neighborhood
5
Beds
5
Baths
3,195
Sq Ft
6,970
Sq Ft Lot
Highlights
- No HOA
- South Facing Home
- No Heating
- Covered Patio or Porch
About This Home
As of July 2026Investment opportunity in Salt Lake City's highly desirable Avenues neighborhood. Located just minutes from Downtown Salt Lake City, the University of Utah, major hospitals, restaurants, and outdoor recreation, this five-unit property offers a rare chance to own multifamily real estate in a prime location. The property consists of five one-bedroom, one-bathroom units on a large lot with significant upside potential. While the building needs renovation, it presents an excellent opportunity for an investor looking to improve the property, increase rents, and add value over time. The Avenues continues to see strong rental demand thanks to its walkability, historic character, and close proximity to downtown and the University of Utah. The oversized lot may also offer future opportunities, subject to buyer verification. Whether you're looking for a value-add project, long-term investment, or redevelopment opportunity, this property offers a chance to invest in one of Salt Lake City's most established neighborhoods.
Last Agent to Sell the Property
Windermere Real Estate License #9365729 Listed on: 06/26/2026
Last Buyer's Agent
Bobbi Garcia
Skyline Real Estate Group License #11498682
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,467
Year Built
- Built in 1904
Lot Details
- 6,970 Sq Ft Lot
- South Facing Home
Home Design
- Brick Exterior Construction
- Asphalt Roof
Interior Spaces
- 3,195 Sq Ft Home
- 2-Story Property
- Exterior Basement Entry
Bedrooms and Bathrooms
- 5 Bedrooms
- 5 Bathrooms
Parking
- 10 Parking Spaces
- 10 Open Parking Spaces
Outdoor Features
- Covered Patio or Porch
Schools
- Wasatch Elementary School
- Bryant Middle School
- West High School
Utilities
- No Cooling
- No Heating
- Natural Gas Connected
Community Details
- No Home Owners Association
- 5 Units
- Avenues Subdivision
Listing and Financial Details
- Assessor Parcel Number 09-31-480-014
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
May 1, 2009
Sold by
Bought by
Purchase Details
Closed on
Oct 1, 2008
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,000
Outstanding Balance
$32,616
Interest Rate
6.59%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 3, 2008
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,000
Outstanding Balance
$32,616
Interest Rate
6.59%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 2, 2005
Sold by
Bought by
Purchase Details
Closed on
Dec 10, 2003
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in The Avenues, UT
-
Melissa Ross
-
April Tracy
April Tracy
Real Estate Essentials
(385) 401-4266
56 Total Sales
2 in The Avenues
$476K - $480K Price Range
-
Jessica Ouzts
Jessica Ouzts
KW Success Keller Williams Realty (Layton)
(385) 245-2898
54 Total Sales
1 in The Avenues
$450,000 Price
-
Marvin Jensen
Marvin Jensen
Windermere Real Estate
(855) 785-2952
34 Total Sales
5 in The Avenues
$890K - $3.1M Price Range
-
Justin Udy
Justin Udy
Century 21 Everest
(385) 707-1395
332 Total Sales
2 in The Avenues
$385K - $515K Price Range
-
Joel Carson
Joel Carson
Utah Real Estate PC
(385) 217-2526
642 Total Sales
14 in The Avenues
$278K - $2.5M Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | Us Title Park City | |
| Interfamily Deed Transfer | -- | Commerce Land Title | |
| Interfamily Deed Transfer | -- | -- | |
| Warranty Deed | -- | Sundance Title |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $51,000 | Commercial |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/27/2026 07/27/26 | Sold | -- | -- | -- |
| 07/03/2026 07/03/26 | For Sale | $625,000 | 0.0% | $196 / Sq Ft |
| 07/03/2026 07/03/26 | Off Market | -- | -- | -- |
| 06/26/2026 06/26/26 | For Sale | $625,000 | -- | $196 / Sq Ft |
Source: UtahRealEstate.com
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $4,468 | $879,100 | $396,500 | $482,600 |
| 2024 | $4,738 | $904,100 | $638,300 | $265,800 |
| 2023 | $4,738 | $716,100 | $536,500 | $179,600 |
| 2022 | $3,733 | $644,200 | $340,800 | $303,400 |
| 2021 | $3,430 | $535,800 | $248,800 | $287,000 |
| 2020 | $3,636 | $540,700 | $239,900 | $300,800 |
| 2019 | $3,958 | $553,700 | $195,500 | $358,200 |
| 2018 | $3,506 | $477,700 | $186,600 | $291,100 |
| 2017 | $3,512 | $448,300 | $177,700 | $270,600 |
| 2016 | $3,217 | $389,900 | $136,000 | $253,900 |
| 2015 | $3,043 | $349,600 | $113,700 | $235,900 |
| 2014 | $2,682 | $305,600 | $113,700 | $191,900 |
Source: Public Records
Agents Affiliated with this Home
-
Casey Halliday
Seller's Agent in 2026
Casey Halliday
Windermere Real Estate
(801) 520-6162
1 in this area
113 Total Sales
-
B
Buyer's Agent in 2026
Bobbi Garcia
Skyline Real Estate Group
Map
Source: UtahRealEstate.com
MLS Number: 2168095
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Licensor is only providing the MLS Content and not other sources of data provided in the Product.
Based on information from the Wasatch Front Regional Multiple Listing Service, Inc.. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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