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Listed price in listed location currency (USD).
$2,100,000

16812

MLS® 2151403

Overview

Key Facts

Type Multi Family
Levels Residential
Size 7376 sqft
Garage 
Taxes $12,803
Days Active 17
Lot Size 
Approx. Age 1968
Avg. Price Per Sqft $284
MLS® Number 2151403

Property Address: 3910 1040, Salt Lake City, UT, 84124-1184

Average square foot calculated using Size range provided by listing agent.

Description

Marcus & Millichap is pleased to present this exclusive listing of a core+ multifamily asset in Salt Lake City's Millcreek corridor, one of the region's most resilient rental submarkets. The property is being offered individually as part of a two-property, 16-unit portfolio, with the seller preferring a package sale but willing to consider individual offers. The investment thesis is straightforward: in-place cash flow paired with clearly defined upside through natural tenant turnover and ancillary income strategies. In-place rents reflect a tenured resident base, with an average tenancy of approximately two and a half years, signaling stability while presenting a mark-to-market opportunity as units turn. The asset benefits from strong demographic tailwinds driven by Utah's sustained population growth and a widening mortgage-to-rent affordability gap that continues to push would-be buyers into the rental market. Square footage figures are provided as a courtesy estimate only. Buyer is advised to obtain an independent measurement. Do not disturb tenants. Contact listing agent for financials or to schedule a tour.
MLS® Number2151403
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1968
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 17, 2026List Date
$2,100,000List Price

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