884 ROWLEY, Millcreek, UT 84107
14BD/—BA Residential in Millcreek, UT 84107. 9,800 sqft. Built 2026. Listed at $3,499,999. MLS #2128921.
14BD/—BA Residential in Millcreek, UT 84107. 9,800 sqft. Built 2026. Listed at $3,499,999. MLS #2128921.
Incredible opportunity to own seven brand new rental townhomes in the heart of Millcreek. There are thirty-one total units in this complex each with their own tax id. So its possible to buy a full building of 7 units or break it up into different unit counts. Each high-end townhomes has premium interior finishes including quartz waterfall countertops, modern cabinetry, high efficiency HVAC, Google Fiber, ample windows providing an abundance of natural daylight and its own tandem 2 car garage. Common area pickleball/sport court and park. Wonderful east side Millcreek location close to ski resorts, downtown Salt Lake, great schools and shopping. Call to schedule an accompanied walk through. Lease signings have increased, soon building will be fully occupied!
Property Type
Residential
Property Style
> 4 Units
Architectural Style
Stories: 3
Subdivision
BRICKWORKS AT MILLCREEK
County
Salt Lake
Zoning
Multi-Family
Lot Size
0.14 sq ft
Condition
Blt./Standing
MLS #
2128921
Property Type
Residential
Property Style
> 4 Units
Architectural Style
Stories: 3
Subdivision
BRICKWORKS AT MILLCREEK
County
Salt Lake
Zoning
Multi-Family
Lot Size
0.14 sq ft
Condition
Blt./Standing
MLS #
2128921
List Price
$3,499,999
Original Price
$3,610,000
HOA Fees
$235 / Monthly
Annual Taxes
$12,000
Home Warranty
No
List Price
$3,499,999
Original Price
$3,610,000
HOA Fees
$235 / Monthly
Annual Taxes
$12,000
Home Warranty
No
Heating
Electric
Roof
Flat
Flooring
Carpet,Tile
Water Source
Culinary
Sewer
Sewer: Connected
View
Mountain(s)
Heating
Electric
Roof
Flat
Flooring
Carpet,Tile
Water Source
Culinary
Sewer
Sewer: Connected
View
Mountain(s)
Garage Spaces
14
Covered Spaces
14
Total Parking
22
Garage Spaces
14
Covered Spaces
14
Total Parking
22
Why this is a deal
Classification
Exceptional DealDeal Score
100/100
vs Similar Homes
52% below
vs Market Median
15% below
Price Reduced
3.0%
Area Growth (YoY)
2.2%
Deal Score Breakdown
100/100 · 2 qualifying signals
Priced 52% below the median of similar listings
Priced 15% below the per-subtype city median
3% price reduction from original list — seller may be motivated
2.2% year-over-year ZHVI growth in this area
LT net cashflow -$2,677/mo (-11.3% return on ownership cost) · STR net cashflow -$16,826/mo (-71.2% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
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
$23,818/mo
Range: $17,693 – $29,943
Net Monthly Cash Flow
−$2,676 /mo (−$32,117/yr)
Monthly rental income
Monthly ownership cost
Coverage
101%
Net /mo
−$2,677
DSCR
1.18
Est. Annual Revenue
$116,745/yr
$389/night · 39% occupancy · $132/bedroom · $0.42/sqft
Net Monthly Cash Flow
−$16,827 /mo (−$201,920/yr)
Monthly STR income
Monthly ownership cost
Coverage
41%
Net /mo
−$16,826
DSCR
0.38
Elementary
Twin PeaksMiddle School
BonnevilleHigh School
CottonwoodSchool District
Granite
Best Download
10 Gbps
Best Upload
10 Gbps
Fiber Available
Yes
Providers
15
Available Providers
$650,000
+438% vs median
43 days
109
$214,000 – $4,695,000
$12,000
$235/monthly
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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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