# 423 E 1ST Ave N, Salt Lake City, UT 84103

> **TL;DR:** 5bd/5ba residential multi family, $625,000 ($196/sqft), built 1904, 3,195 sqft. Est. $3,342/mo. Listed 6 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $625,000 |
| Price/sqft | $196 |
| Bedrooms | 5 |
| Bathrooms | 5 full |
| Square Feet | 3,195 |
| Year Built | 1904 |
| Lot Size | 6,970 sqft (0.16 acres) |
| Stories | 2 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 6 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $3,160 |
| Estimated Insurance | $182 |
| **Total** | **$3,342** |

## Nearby Schools

- **Elementary:** Wasatch
- **Middle:** Bryant
- **High:** West

## Property Highlights

- Built in 1904
- 0.16 acre lot
- 2 stories
- 10 parking spaces

## Description

### Agent 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.

## Location

- **Address:** 423 E 1ST Ave N, Salt Lake City, UT 84103
- **County:** Salt Lake
- **Neighborhood:** AVENUES
- **Coordinates:** 40.770826, -111.876713
- **Google Maps:** https://www.google.com/maps?q=40.770826,-111.876713

## Listing Agent

- **Name:** Casey Halliday
- **Brokerage:** Windermere Real Estate
- **Phone:** 8015206162

## Primary Photo

![423 E 1ST Ave N - Primary Photo](http://lh.rdcpix.com/8684e136982b0a53cfa32a5c4c459885l-f1657859496r.jpg)

*6 total photos available on [listing page](https://www.propertysimple.ai/listing/423-e-1st-ave-n-salt-lake-city-ut-84103-2168095)*

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**MLS#:** 2168095 | **Updated:** 2026-08-02
**Source:** listhub

*Copyright © 2026 UtahRealEstate.com. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.ai/listing/423-e-1st-ave-n-salt-lake-city-ut-84103-2168095)

---

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