673 6th Ave - Apartments FOR SALE


Salt Lake City, UT 84103- Greater Avenues
$4,200,000 USD
801-736-2634
673 6th Ave, Salt Lake City, UT for Sale
$4,200,000 USD
Apartments - FOR SALE
1/17
null | 5% Cap Rate

673 6th Ave
Salt Lake City, UT 84103
Greater Avenues


HIGHLIGHTS

  • Premier Avenues Setting
  • Desirable Urban Demographics
  • 12 Units Across Two Parcels – Includes 11 units in a courtyard-style apartment building and a detached single-family home on a neighboring lot.
  • Extensively Renovated Interiors – 8 of 12 units have been updated with high end finishes.
  • Remaining Value-Add Units – 4 units still in maintained condition, offering renovation upside.
  • Rare Off-Street Parking

OVERVIEW

673 East 6th Avenue is a boutique 12-unit multifamily property located in Salt Lake City’s iconic Avenues neighborhood. The offering includes 11 units in a charming courtyard-style apartment building, plus a standalone 2-bedroom single-family home on an adjacent parcel. Eight of the twelve units have been extensively renovated with modern, high-end finishes—positioning the property to command top-of-market rents. The remaining four unrenovated units offer a clear path to upside for investors seeking value-add potential. Off-street parking (split across both parcels), mature landscaping, and walkability to downtown, the University of Utah, and neighborhood parks further enhance the appeal. Priced at $4.2 million, this is a rare chance to acquire a stabilized asset with remaining upside in one of Salt Lake’s most desirable urban submarkets.

FOR SALE DETAILS

PRICE

$4,200,000 USD

PRICE/SF

$281 USD /SF

# OF UNITS

12

PRICE/UNIT

$350,000

CAP RATE

5%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1963

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

SR-1

APN/PARCEL ID

09-32-303-005-000,09-32-303-006-0000

ASK ABOUT THIS PROPERTY

Kris MortensenMountain West CommercialMore Info
801-736-2634

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Kris MortensenMountain West CommercialMore Info
801-736-2634

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