$625,000

423 E 1ST AVE, Salt Lake City, UT 84103

  • 5 beds |
  • 5 baths |
  • 3,195 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1904
  • Property Lot Size Icon6,970sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $196/sqft
  • Property List Date Icon Listed 8 days ago

Property Description

Investment 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.

Listing Status:
Active
Date Added:
June 26, 2026
Data Last Updated:
July 5, 2026 at 1:41AM
Listing Office:
Windermere Real Estate : 801-485-3151
Listing Agent:
Casey Halliday : 801-520-6162
MLS ID:
2168095
  • General: Basement EntrancePatio: Covered
  • Style: Stories: 2
  • Parking: Parking: UncoveredParking spaces: 10
  • Roofing: Asphalt
  • General: Blt./Standing
  • Originating MLS: UtahRealEstate.com
  • School District: Salt Lake
  • County: Salt Lake
  • Zoning: Multi-Family09-31-480-014
  • Current Use: Residential
  • Utilities: Natural Gas ConnectedElectricity ConnectedSewer ConnectedSewer: PublicWater Connected
  • Water: Culinary
  • Sewer: Sewer: ConnectedSewer: Public
  • Source: UtahRealEstate.com

This listing courtesy of Casey Halliday , Windermere Real Estate

Monthly Payment

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

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