About This Home
This 5-bedroom, 5-bathroom residential multi family at 423 E 1ST Ave N in Salt Lake City, UT is listed for $625,000 ($196 per sqft). Built in 1904, the home offers 3,195 sqft of living space on a 0.16 acres lot.
Key Features
- Built in 1904
- 0.16 acre lot
- 2 stories
- 10 parking spaces
Property Details
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.
Monthly Cost Estimate
$3,343/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
423 E 1ST Ave N
Salt Lake City, UT 84103
AVENUES
Features & Amenities
Exterior Features
Property Details
Construction
Pool Features
Parking
Questions & Answers
This 5-bedroom, 5-bathroom residential multi family at 423 E 1ST Ave N is listed at $625,000 ($196/sqft). The estimated monthly payment is $3,342 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1904, 0.16 acre lot, 2 stories, 10 parking spaces. Exterior Features: Basement Entrance, Patio: Covered.
This property is listed by Casey Halliday and can be reached at 8015206162.