Well located 20-unit apartment community along Highland Drive in Holladay, one of Salt Lake County's most established and desirable residential submarkets. The property has benefited from recent capital improvements, with 13 of the 20 units renovated, providing immediate upside and strong tenant appeal. Holladay is known for its high… Read More household incomes, strong rental demand, and limited multifamily supply. The property offers excellent access to I-215, I-80, Downtown Salt Lake City, the University of Utah, Sugar House, and major employment centers, while being surrounded by mature neighborhoods, retail, dining, and everyday services. Renovated units feature updated interiors that attract long-term tenants, while the remaining units offer a clear path for continued renovations and future rent growth. The property's visibility along Highland Drive, combined with the strength of the Holladay market, supports durable cash flow and long-term appreciation. A compelling opportunity for investors seeking a core-plus / value-add multifamily asset in a high-barrier, supply-constrained Salt Lake County location. Read Less
Courtesy of Kris Mortensen, Newmark Mountain West 801-456-8800
Listing Snapshot
Days Online
32
Last Updated
Property Type
> 4 Units
Beds
36
Square Ft.
17,754
Lot Size
1.06 Acres
Year Built
2000
MLS Number
2126802
Additional Details
Building
Architectural Style: Stories: 2, Building Area Total: 17754, Living Area: 17754, Living Area Units: Square Feet, Year Built: 2000
Property
Current Use: Residential, Parcel Number: 22-04-201-032, Property Condition: Blt./Standing, Property Sub Type: > 4 Units, Property Type: Residential
Heating
Heating: Gas: Central, Heating YN: t
Lot
Lot Size Acres: 1.06, Lot Size Area: 1.06, Lot Size Dimensions: 0.0x0.0x0.0, Lot Size Square Feet: 46173, Lot Size Units: Acres
Garage
Open Parking YN: t
Parking
Parking Features: Covered, Parking: Uncovered
Taxes
Tax Annual Amount: 21859
Utilities
Utilities: Natural Gas Connected, Electricity Connected, Sewer Connected, Water Connected
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