$2,100,000

119 K ST, Salt Lake City, UT 84103

  • 10 beds |
  • 15 baths |
  • 8,513 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1905
  • Property Lot Size Icon0.39acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $247/sqft
  • Property List Date Icon Listed 22 days ago

Property 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.

Listing Status:
Active
Date Added:
March 6, 2026
Data Last Updated:
March 28, 2026 at 7:43AM
Listing Office:
Bybee & Co Realty, LLC : 801-210-1461
Listing Agent:
Zach Droubay : 801-979-8706
MLS ID:
2141710
  • Parking: CoveredParking spaces: 8
  • Roofing: Asphalt
  • General: Blt./Standing
  • Originating MLS: UtahRealEstate.com
  • School District: Salt Lake
  • County: Salt Lake
  • Topography: Road: PavedSidewalksTerrain: Grad SlopeView: MountainView: Valley
  • Zoning: Multi-Family09-32-353-023
  • View: Mountain(s)ValleyView
  • Current Use: Residential
  • Utilities: Natural Gas ConnectedElectricity ConnectedSewer ConnectedWater Connected
  • Sewer: Sewer: Connected
  • Source: UtahRealEstate.com

This listing courtesy of Zach Droubay , Bybee & Co Realty, LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

W

Wasatch School

30 R St, Salt Lake City, UT, 84103

Grades KG-6

0.61 miles away

S

Salt Lake Center for Science Education Bryant

40 S 800 E, Salt Lake City, UT, 84102

Grades 7-8

0.27 miles away

W

West High School

241 N 300 W, Salt Lake City, UT, 84103

Grades 7-12

1.66 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.