144 E 2nd Ave - Apartments FOR SALE


Salt Lake City, UT 84103- Greater Avenues
$4,395,000 USD
801-971-2542
144 E 2nd Ave, Salt Lake City, UT for Sale
$4,395,000 USD
Apartments - FOR SALE
1/12
null | Request Cap Rate

144 E 2nd Ave
Salt Lake City, UT 84103
Greater Avenues


OVERVIEW

Stanton-Yale Apartments, a rare dual building multi-family offering in one of Utah's most historic and sought-after neighborhoods. This stunning 21-unit brick property showcases timeless architectural charm, while also featuring modern upgrades. Each unit has been renovated and features new countertops, cabinets, and contemporary finishes while preserving the original hardwood flooring and penny tile bathrooms. Operational upside remains through improved management, stabilization of occupancy, and system upgrades. Large lot size, strong rental location, and parking make this a compelling value-add opportunity. Buyer advised to obtain independent measurements. Parcel 09-31-379-010 also included in sale. Owner/Agent.

FOR SALE DETAILS

PRICE

$4,395,000 USD

PRICE/SF

$296 USD /SF

# OF UNITS

21

PRICE/UNIT

$209,286

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Stanton - Yale Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1923

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.64 AC

LAND SF

27,878 SF

ZONING

RMF-75

APN/PARCEL ID

09-31-379-010-0000,09-31-379-011-0000

ASK ABOUT THIS PROPERTY

Joseph MillsInvestment Realty AdvisorsMore Info
801-971-2542

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Joseph MillsInvestment Realty AdvisorsMore Info
801-971-2542

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.