# 4938 S CENTER St, Murray, UT 84107 > **TL;DR:** 6bd/6ba multi-family, $2,000,000 ($667/sqft), built 1908, 3,000 sqft. Est. $10,696/mo. Listed 78 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $2,000,000 | | Price/sqft | $667 | | Bedrooms | 6 | | Bathrooms | 6 full | | Square Feet | 3,000 | | Year Built | 1908 | | Lot Size | 14,810 sqft (0.34 acres) | | Property Type | Multi-Family (Duplex) | | Status | Active | | Days on Market | 78 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $10,113 | | Estimated Insurance | $583 | | **Total** | **$10,696** | ## Nearby Schools - **Elementary:** Parkside - **Middle:** Hillcrest - **High:** Murray ## Property Highlights - Built in 1908 - 0.34 acre lot - 6 parking spaces ## Description ### Agent Description Rare Income-Producing CC-FBC Development Opportunity with .34 Acres and Two Parcels Included Exceptional redevelopment opportunities like this rarely become available in the heart of Murray. This unique offering includes two parcels (Parcel # and Parcel #) totaling approximately 0.34 acres and is zoned CC-FBC (Community Commercial Form-Based Code)-one of Murray's most sought-after redevelopment districts. Unlike traditional development sites that generate no revenue during the entitlement process, this property offers immediate cash flow while future plans are pursued. The property includes a remodeled duplex and two detached single-family homes, creating an ideal opportunity for builders, developers, and investors seeking both income and long-term upside. The duplex has been fully remodeled in and out with permits and is currently leased, generating approximately $4,000 per month in gross rental income. The two detached homes present additional value-add potential through renovation, rental, or future redevelopment, allowing investors to maximize returns while preparing their next project. Previous development work has already been completed on the property and will be made available to qualified buyers, providing valuable insight as they pursue their own redevelopment plans. Buyers are encouraged to verify all future development opportunities, zoning requirements, density, and approvals directly with Murray City. According to Murray City's vision for the CC-FBC District, these areas "are intended to promote opportunities for compact, pedestrian-oriented, sustainable redevelopment in the downtown area. The CC-FBC should be a true downtown; a rich and lively mixed-use center with design elements that focus on the pedestrian experience and the streetscape." This property is ideally positioned within one of Salt Lake County's fastest-growing redevelopment corridors, surrounded by new residential, mixed-use, commercial, and infrastructure investment. As Murray continues to evolve, opportunities like this become increasingly scarce. Just minutes away is Intermountain Medical Center-Utah's flagship medical campus-which continues to drive demand for housing from healthcare professionals, travel nurses, patients, and supporting staff. Nearby Murray Central Station provides outstanding regional connectivity through TRAX light rail, the FrontRunner commuter rail, local bus routes, and the Midvalley Express (MVX) Bus Rapid Transit line, offering convenient access to the medical campus, Downtown Salt Lake City, the University of Utah, Salt Lake International Airport, and destinations throughout the Wasatch Front. Future residents will enjoy exceptional convenience with close proximity to I-15 and I-215, Fashion Place Mall, Costco, Murray Parkway, Chinatown, Downtown Salt Lake City, restaurants, shopping, recreation, and major employment centers. Whether you're a builder looking for your next signature project, a developer seeking a strategic infill site, or an investor searching for an income-producing asset with exceptional redevelopment potential, this property offers the rare combination of immediate cash flow, premier CC-FBC zoning, and a location positioned for long-term appreciation. Income-producing development opportunities in Murray's CC-FBC district are exceptionally rare. Secure a property that allows you to generate revenue today while creating tomorrow's vision. Square footage figures are provided as a courtesy estimate, buyer is advised to obtain an independent measurement. The home is currently occupied, please do not bother tenants ## Location - **Address:** 4938 S CENTER St, Murray, UT 84107 - **County:** Salt Lake - **Coordinates:** 40.664317, -111.886392 - **Google Maps:** https://www.google.com/maps?q=40.664317,-111.886392 ## Listing Agent - **Name:** Peter Nguyen - **Brokerage:** Realtypath - **Phone:** (801) 386-5908 - **Broker Phone:** (801) 386-5908 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/4938-S-Center-St_Murray_UT_84107_M12567-03163?f=listhub&s=WFRMLSUT&m=2172765&c=propsimple) ## Photos ![4938 S CENTER St - Photo 1](http://lh.rdcpix.com/facd534a9672f2efded132ca6f4cb909l-f1160641875r.jpg) ![4938 S CENTER St - Photo 2](http://lh.rdcpix.com/facd534a9672f2efded132ca6f4cb909l-f1857761078r.jpg) ![4938 S CENTER St - Photo 3](http://lh.rdcpix.com/facd534a9672f2efded132ca6f4cb909l-f1578311528r.jpg) ![4938 S CENTER St - Photo 4](http://lh.rdcpix.com/facd534a9672f2efded132ca6f4cb909l-f2212284835r.jpg) ![4938 S CENTER St - Photo 5](http://lh.rdcpix.com/facd534a9672f2efded132ca6f4cb909l-f1152168381r.jpg) ![4938 S CENTER St - Photo 6](http://lh.rdcpix.com/facd534a9672f2efded132ca6f4cb909l-f282060037r.jpg) ![4938 S CENTER St - Photo 7](http://lh.rdcpix.com/facd534a9672f2efded132ca6f4cb909l-f3087622983r.jpg) ![4938 S CENTER St - Photo 8](http://lh.rdcpix.com/facd534a9672f2efded132ca6f4cb909l-f885636262r.jpg) ![4938 S CENTER St - Photo 9](http://lh.rdcpix.com/facd534a9672f2efded132ca6f4cb909l-f2253980251r.jpg) ![4938 S CENTER St - Photo 10](http://lh.rdcpix.com/facd534a9672f2efded132ca6f4cb909l-f4008995934r.jpg) ![4938 S CENTER St - Photo 11](http://lh.rdcpix.com/facd534a9672f2efded132ca6f4cb909l-f4026124886r.jpg) ![4938 S CENTER St - Photo 12](http://lh.rdcpix.com/facd534a9672f2efded132ca6f4cb909l-f3695485485r.jpg) ![4938 S CENTER St - Photo 13](http://lh.rdcpix.com/facd534a9672f2efded132ca6f4cb909l-f1681415793r.jpg) ![4938 S CENTER St - Photo 14](http://lh.rdcpix.com/facd534a9672f2efded132ca6f4cb909l-f2212891078r.jpg) ![4938 S CENTER St - Photo 15](http://lh.rdcpix.com/facd534a9672f2efded132ca6f4cb909l-f3675330594r.jpg) ![4938 S CENTER St - Photo 16](http://lh.rdcpix.com/facd534a9672f2efded132ca6f4cb909l-f917292805r.jpg) ![4938 S CENTER St - Photo 17](http://lh.rdcpix.com/facd534a9672f2efded132ca6f4cb909l-f2172881511r.jpg) ![4938 S CENTER St - Photo 18](http://lh.rdcpix.com/facd534a9672f2efded132ca6f4cb909l-f3667290513r.jpg) ![4938 S CENTER St - Photo 19](http://lh.rdcpix.com/facd534a9672f2efded132ca6f4cb909l-f3387596057r.jpg) ![4938 S CENTER St - Photo 20](http://lh.rdcpix.com/facd534a9672f2efded132ca6f4cb909l-f1232797502r.jpg) ![4938 S CENTER St - Photo 21](http://lh.rdcpix.com/facd534a9672f2efded132ca6f4cb909l-f1128766151r.jpg) ![4938 S CENTER St - Photo 22](http://lh.rdcpix.com/facd534a9672f2efded132ca6f4cb909l-f1609316144r.jpg) ![4938 S CENTER St - Photo 23](http://lh.rdcpix.com/facd534a9672f2efded132ca6f4cb909l-f1451650709r.jpg) --- **MLS#:** 2172765 | **Updated:** 2026-10-02 **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/4938-s-center-st-murray-ut-84107-2172765) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/4938-s-center-st-murray-ut-84107-2172765#listing", "url": "https://www.propertysimple.ai/listing/4938-s-center-st-murray-ut-84107-2172765", "name": "4938 S CENTER St, Murray, UT 84107", "description": "Rare Income-Producing CC-FBC Development Opportunity with .34 Acres and Two Parcels Included Exceptional redevelopment opportunities like this rarely become available in the heart of Murray. This unique offering includes two parcels (Parcel # and Parcel #) totaling approximately 0.34 acres and is zoned CC-FBC (Community Commercial Form-Based Code)-one of Murray's most sought-after redevelopment districts. Unlike traditional development sites that generate no revenue during the entitlement process, this property offers immediate cash flow while future plans are pursued. The property includes a remodeled duplex and two detached single-family homes, creating an ideal opportunity for builders, developers, and investors seeking both income and long-term upside. The duplex has been fully remodeled in and out with permits and is currently leased, generating approximately $4,000 per month in gross rental income. The two detached homes present additional value-add potential through renovation, rental, or future redevelopment, allowing investors to maximize returns while preparing their next project. Previous development work has already been completed on the property and will be made available to qualified buyers, providing valuable insight as they pursue their own redevelopment plans. Buyers are encouraged to verify all future development opportunities, zoning requirements, density, and approvals directly with Murray City. According to Murray City's vision for the CC-FBC District, these areas \"are intended to promote opportunities for compact, pedestrian-oriented, sustainable redevelopment in the downtown area. The CC-FBC should be a true downtown; a rich and lively mixed-use center with design elements that focus on the pedestrian experience and the streetscape.\" This property is ideally positioned within one of Salt Lake County's fastest-growing redevelopment corridors, surrounded by new residential, mixed-use, commercial, and infrastructure investment. As Murray continues to evolve, opportunities like this become increasingly scarce. Just minutes away is Intermountain Medical Center-Utah's flagship medical campus-which continues to drive demand for housing from healthcare professionals, travel nurses, patients, and supporting staff. Nearby Murray Central Station provides outstanding regional connectivity through TRAX light rail, the FrontRunner commuter rail, local bus routes, and the Midvalley Express (MVX) Bus Rapid Transit line, offering convenient access to the medical campus, Downtown Salt Lake City, the University of Utah, Salt Lake International Airport, and destinations throughout the Wasatch Front. Future residents will enjoy exceptional convenience with close proximity to I-15 and I-215, Fashion Place Mall, Costco, Murray Parkway, Chinatown, Downtown Salt Lake City, restaurants, shopping, recreation, and major employment centers. Whether you're a builder looking for your next signature project, a developer seeking a strategic infill site, or an investor searching for an income-producing asset with exceptional redevelopment potential, this property offers the rare combination of immediate cash flow, premier CC-FBC zoning, and a location positioned for long-term appreciation. Income-producing development opportunities in Murray's CC-FBC district are exceptionally rare. Secure a property that allows you to generate revenue today while creating tomorrow's vision. Square footage figures are provided as a courtesy estimate, buyer is advised to obtain an independent measurement. 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