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423 E 1ST AVE

Salt Lake City, UT 84103

Victorian

Salt Lake City, UT 84103

423 E 1ST AVE

$625,000

MLS#: 2168097

Status: Active

Listing provided by: Windermere Real Estate

Listing agent phone: None

Last update: an hour ago

New on site today

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AVENUES - Residential

About

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.

Property

Beds

5

Full Baths

5

1/2 Baths

None

Year Built

1904

Sq.Footage

3,195

Features

Features & Amenities

Interior

  • Total Bedrooms

    5

  • Bathrooms

    5

  • Basement YN

    YES

  • Cooling YN

    NO

  • Cooling

    None

  • Fireplace YN

    NO

  • Heating YN

    NO

  • Heating

    None

  • Main Level Bedrooms

    2

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Brick, Concrete, Cement Siding

  • Patio and Porch Features

    Covered

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.16

  • Lot Size(square feet)

    6969.6

  • Property Type

    Residential

  • Property Sub Type

    Single Family Residence

  • Architectural Style

    Victorian

Price

  • Sales Price

    $625,000

  • Tax Amount

    $4,467

  • Zoning

    RMF-35

  • Sq. Footage

    3, 195

  • Price/SqFt

    $195

HOA

  • Association

    No

School District

  • Elementary School

    Salt Lake

  • Middle School

    Bryant

  • High School

    West

Property Features

  • New Construction

    NO

  • Senior Community YN

    NO

Schedule

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Location

  • County

    Salt Lake

  • Elementary School

    Salt Lake

  • Middle School

    Bryant

  • High School

    West

Listing Courtesy of Casey Halliday , Windermere Real Estate

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Call Damon today to schedule a private showing.

Phone (801) 882-4009

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423 E 1ST AVE

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