801-303-5555
978 E South Union Ave, Midvale, UT for Sale
Apartments - FOR SALE
1/15
null | Request Cap Rate

978 E South Union Ave
Midvale, UT 84047


HIGHLIGHTS

  • Embedded Value-Add Upside
  • Premier Fort Union Corridor Location
  • Strong Long-Term Demand Drivers

OVERVIEW

Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire Union Meadows Apartments (“Union Meadows” or the “Property”), a 73-unit, garden-style apartment community located in Midvale, Utah. Union Meadows presents a rare opportunity to acquire a well-located multifamily asset in one of the Salt Lake Valley’s most established and accessible infill submarkets, offering strong rental demand and meaningful upside through strategic renovations and operational enhancement. Originally constructed in 1986, Union Meadows offers investors the opportunity to acquire a quality suburban community with a functional unit mix in a location defined by exceptional connectivity, surrounding retail amenities, and proximity to major employment corridors. Positioned near the Fort Union / Union Park area, the Property benefits from immediate access to some of the region’s strongest daily-needs and destination retail, as well as convenient access to the broader Salt Lake Valley, supporting long-term renter appeal. Union Meadows combines in-place cash flow with a clear value-add component, creating an attractive opportunity for investors to drive NOI growth through thoughtful interior upgrades, continued revenue optimization, and improved asset positioning over the hold period. As housing affordability remains a challenge across the Salt Lake Valley, the Property is well positioned to benefit from durable renter demand and long-term appreciation in a high-barrier-to-entry location.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

73

CAP RATE

Request Cap Rate

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Union Meadows Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1986

PARKING SPACES

146

LAND DETAILS

LAND ACRES

3.6 AC

LAND SF

156,816 SF

ZONING

RM-25

APN/PARCEL ID

22-29-179-023-0000

ASK ABOUT THIS PROPERTY

Kip PaulCushman & WakefieldMore Info
801-303-5555

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Kip PaulCushman & WakefieldMore Info
801-303-5555

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