465 E 6th Ave - Apartments FOR SALE


Salt Lake City, UT 84103- Greater Avenues
$1,200,000 USD
801-303-5402
465 E 6th Ave, Salt Lake City, UT for Sale
$1,200,000 USD
Apartments - FOR SALE
1/20
null | 5.34% Cap Rate

465 E 6th Ave
Salt Lake City, UT 84103
Greater Avenues


OVERVIEW

465 E 6th Avenue is a well-maintained 3,475 SF fourplex nestled in the heart of The Avenues, one of Salt Lake City’s most desirable and historic neighborhoods. Built in 1910, this charming property seamlessly blends timeless architectural character with thoughtful, modern updates. Its prime location offers tenants walkable access to top-tier dining, shopping, and entertainment options. The property includes four distinct units: one studio, one 1BD/1BA, and two very large 2BD units, each over 1,400 SF. One even has an extra half bath. Each unit has seen significant updates under current ownership, while preserving the building’s original character. Additional features include covered parking at the rear of the property and a brand-new roof installed in 2021. FINANCIAL HIGHLIGHTS & VALUE-ADD POTENTIAL According to Rentometer, current average rents in the area are approximately: Studio: $1,272 1BD: $1,489 2BD: $2,500 The subject property currently leases units at an average of $975 (studio), $1,025 (1BD), and $1,900 (2BD), leaving room for rental increases through strategic adjustments. With below-market rents, updated units, and desirable amenities, investors have a clear opportunity to enhance returns through continued modernization and proactive management. *No Seller Financing Available.*

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$345 USD /SF

# OF UNITS

4

PRICE/UNIT

$300,000

CAP RATE

5.34%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

-

APN/PARCEL ID

09-31-427-005

ASK ABOUT THIS PROPERTY

Vicente CantuaCushman & WakefieldMore Info
801-303-5402

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Vicente CantuaCushman & WakefieldMore Info
801-303-5402

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