About This Home

This 30-bedroom, 32-bathroom residential multi family at 141 E 1ST Ave in Salt Lake City, UT is listed for $6,550,000 ($212 per sqft). Built in 1930, the home offers 30,838 sqft of living space on a 0.38 acres lot.

Key Features

  • Built in 1930
  • 0.38 acre lot

Property Details

32 full
1930

Amenities

Hardwood
Listing Description

Located in the heart of downtown Salt Lake City's Avenues neighborhood, Castle Heights Apartments is one of the cities most iconic multifamily buildings. 32-units just steps from Temple Square, City Creek, dining, employment, and public transit. The property includes 27 one-bedroom units, 4 studios, and 1 two-bedroom.

Some interior cosmetic upgrades were completed in 2021, including new cabinets, countertops, and stainless steel appliance, but more work remains. Offered at UNDER $210,000 per unit, this is a compelling value-add opportunity in a premier, walkable downtown location with strong long-term upside.

Monthly Cost Estimate

$35,031/mo

20% down · 6.5% · 30 years

Principal$4,737
Interest$28,383
Insurance$1,910

Estimates only. Actual payments may vary.

Location

141 E 1ST Ave

Salt Lake City, UT 84103

Features & Amenities

Exterior Features

Entry (Foyer)

Property Details

Flooring

TileCarpetHardwoodVinyl

Construction

Brick Stone

Parking

Covered

Heating

RadiantNatural Gas

Questions & Answers

This 30-bedroom, 32-bathroom residential multi family at 141 E 1ST Ave is listed at $6,550,000 ($212/sqft). The estimated monthly payment is $35,030 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1930, 0.38 acre lot. Exterior Features: Entry (Foyer).

This property is listed by Cory Waddoups.

CW

Cory Waddoups

Agent at Investment Realty Advisors, LLC

Listed by Investment Realty Advisors, LLC · Broker phone: (801) 971-2542 · View on Broker Site · Broker website

MLS# 2136339· Source: UtahRealEstate.com· 261 days on PropertySimple

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141 E 1ST Ave, Salt Lake City, UT 84103

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