423 E 1ST AVE N, Salt Lake City, UT 84103
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423 E 1ST AVE N, Salt Lake City, UT 84103
423 E 1ST AVE N, Salt Lake City, UT 84103
423 E 1ST AVE N, Salt Lake City, UT 84103
423 E 1ST AVE N, Salt Lake City, UT 84103
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Craig Franek

Craig Franek

+1(801) 413-3852
$ 625,000
Est. payment /mo
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423 E 1ST AVE N Salt Lake City, UT 84103

5 Beds

5 Baths

3,195 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type > 4 Units

Listing Status Active

Purchase Type For Sale

Square Footage 3,195 sqft

Price per Sqft $195

Subdivision Avenues

MLS Listing ID 2168095

Style Stories: 2

Bedrooms 5

Construction Status Blt./Standing

HOA Y/N No

Year Built 1904

Annual Tax Amount $4,467

Lot Size 6,969 Sqft

Acres 0.16

Lot Dimensions 0.0x0.0x0.0

Property Sub-Type > 4 Units

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.

Location

State UT

County Salt Lake

Area Salt Lake City: Avenues Area

Zoning Multi-Family

Interior

Fireplace No

Exterior

Exterior Feature Basement Entrance, Patio: Covered

Utilities Available Natural Gas Connected, Electricity Connected, Sewer Connected, Sewer: Public, Water Connected

View Y/N No

Roof Type Asphalt

Present Use Residential

Porch Covered

Total Parking Spaces 10

Private Pool No

Building

Faces South

Sewer Sewer: Connected, Sewer: Public

Water Culinary

Architectural Style Stories: 2

Structure Type Brick,Concrete

New Construction No

Construction Status Blt./Standing

Schools

Elementary Schools Wasatch

Middle Schools Bryant

High Schools West

School District Salt Lake

Others

Senior Community No

Tax ID 09-31-480-014

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by Windermere Real Estate

Nearby Locations

Craig Franek

Craig Franek

Broker | License ID: 11641686-PB00

+1(801) 413-3852

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423 E 1ST AVE N