4345 HIGHLAND, Holladay, UT 84124
14BD/—BA Residential in Holladay, UT 84124. 7,072 sqft. Built 1960. Listed at $2,400,000. MLS #2151411.
14BD/—BA Residential in Holladay, UT 84124. 7,072 sqft. Built 1960. Listed at $2,400,000. MLS #2151411.
Marcus & Millichap is pleased to present this exclusive listing of a core+ multifamily asset in Salt Lake City's Holliday, one of the region's most resilient rental submarkets. 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. Do not disturb tenants. Square footage figures are provided as a courtesy estimate only. Buyer is advised to obtain an independent measurement. Contact listing agent for financials or to schedule a tour.
Property Type
Residential
Property Style
> 4 Units
Architectural Style
Stories: 2
Subdivision
HIGHLAND
County
Salt Lake
Zoning
Multi-Family
Lot Size
0.36 sq ft
Condition
Blt./Standing
MLS #
2151411
Property Type
Residential
Property Style
> 4 Units
Architectural Style
Stories: 2
Subdivision
HIGHLAND
County
Salt Lake
Zoning
Multi-Family
Lot Size
0.36 sq ft
Condition
Blt./Standing
MLS #
2151411
List Price
$2,400,000
Original Price
$2,100,000
Annual Taxes
$9,942
Home Warranty
No
List Price
$2,400,000
Original Price
$2,100,000
Annual Taxes
$9,942
Home Warranty
No
Covered Spaces
8
Total Parking
8
Covered Spaces
8
Total Parking
8
Classification
Standard
Deal Score
30/100
vs Market Median
9% above
Area Growth (YoY)
0.6%
Deal Score Breakdown
30/100
LT net cashflow -$1,064/mo (-6.6% return on ownership cost) · STR net cashflow -$10,014/mo (-61.9% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
Priced 9% above the per-subtype city median
0.6% year-over-year ZHVI growth in this area
No price reduction from original list
Not enough comparable listings
Ensemble scoring: the best single signal sets the floor, secondary qualifying signals (≥60) each add 5 points up to +20. A home that strongly wins on one dimension is already a great deal — it doesn't need to tick every box.
Why this classification
Monthly Rent
$17,188/mo
Range: $12,768 – $21,608
Net Monthly Cash Flow
−$1,064 /mo (−$12,774/yr)
Monthly rental income
Monthly ownership cost
Coverage
106%
Net /mo
−$1,064
DSCR
1.24
Est. Annual Revenue
$105,861/yr
$389/night · 39% occupancy · $132/bedroom · $0.42/sqft
Net Monthly Cash Flow
−$10,014 /mo (−$120,165/yr)
Monthly STR income
Monthly ownership cost
Coverage
55%
Net /mo
−$10,014
DSCR
0.51
Best Download
8 Gbps
Best Upload
8 Gbps
Fiber Available
Yes
Providers
13
Available Providers
$848,966
+183% vs median
65 days
103
$199,800 – $14,500,000
$9,942
Select agents you’d like to hear from. They’ll be notified of your interest — your contact details stay private until you choose to respond.

Daryn Edmunds - High Road Properties

Salt Lake City Real Estate Broker Focused on Pricing, Positioning, and Results

Devin Tanner - Utah Realtor
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