Property
Beds
36
Full Baths
None
1/2 Baths
None
Year Built
2000
Sq.Footage
17,754
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 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.
Features & Amenities
Interior
-
Total Bedrooms
36
-
Bathrooms
N/A
-
Cooling YN
NO
-
Cooling
None
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Central, Natural Gas
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Parking
Covered
-
Pool
No
Area & Lot
-
Lot Size(acres)
1.06
-
Property Type
Residential Income
-
Property Sub Type
Multi Family
-
Architectural Style
Stories: 2
Price
-
Sales Price
$5,200,000
-
Tax Amount
21859.0
-
Zoning
RM
-
Sq. Footage
17, 754
-
Price/SqFt
$292
HOA
-
Association
No
School District
-
Elementary School
Granite
-
Middle School
Wasatch
-
High School
Olympus
Property Features
-
Senior Community YN
NO
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Location
County
Salt Lake
Elementary School
Granite
Middle School
Wasatch
High School
Olympus
Listing Courtesy of Kris Mortensen , Newmark Mountain West
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