119 K, Salt Lake City, UT 84103
10BD/—BA Residential in Salt Lake City, UT 84103. 8,513 sqft. Built 1905. Listed at $2,100,000. MLS #2141710.
10BD/—BA Residential in Salt Lake City, UT 84103. 8,513 sqft. Built 1905. Listed at $2,100,000. MLS #2141710.
$2,100,000
Rare 15-unit acquisition opportunity in the highly sought-after Salt Lake City Avenues (687 E 2nd Ave & 119 N K St). This historic 1905 trophy asset offers massive, immediate upside. Three units are scheduled for vacancy in March 2026, allowing the new owner to capture top-of-market rents on Day 1 and force instant equity. Current average rents are significantly below market (Studios averaging $560/mo; 1-Bedrooms averaging $882/mo), providing a clear and proven path to aggressive revenue growth. -------------- The heavy lifting has already been completed with over $62,000 in recent CapEx, including a $32,000 driveway replacement, a $22,000 electrical upgrade, and an $8,000 new porch. Situated on a 0.39-acre corner lot with a 74 Walk Score, the property is perfectly positioned just 1.3 miles from Downtown SLC and 1.7 miles from the University of Utah, ensuring historically near-zero vacancy and a premium tenant base. Ideal value-add opportunity to command top-tier returns in one of SLC's highest-barrier-to-entry neighborhoods. Square footage figures are provided as a courtesy based on County records; buyer is advised to obtain an independent measurement and verify all information to their own satisfaction.
Property Type
Residential
Property Style
> 4 Units
County
Salt Lake
Zoning
Multi-Family
Lot Size
0.39 sq ft
Condition
Blt./Standing
MLS #
2141710
Property Type
Residential
Property Style
> 4 Units
County
Salt Lake
Zoning
Multi-Family
Lot Size
0.39 sq ft
Condition
Blt./Standing
MLS #
2141710
List Price
$2,100,000
Annual Taxes
$15,792
Home Warranty
No
List Price
$2,100,000
Annual Taxes
$15,792
Home Warranty
No
Roof
Asphalt
Sewer
Sewer: Connected
View
Mountain(s),Valley
Roof
Asphalt
Sewer
Sewer: Connected
View
Mountain(s),Valley
Covered Spaces
8
Total Parking
8
Covered Spaces
8
Total Parking
8
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Daryn Edmunds - High Road Properties
Devin Tanner - Utah Realtor
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