Views
Address
119 K St, Salt Lake City, UT
Price
$ 1,690,000
Property Attributes
- MLS#2141710
- TypeMulti-Family
- Listing Status Active
- CountySALT LAKE
- CitySalt Lake City
- AreaSalt Lake City - Avenues Area
- Zip84103
- Style
- Year Built1905
- Taxes$ 15792
- Price$ 1,690,000
- Bedrooms10
- Full Bathrooms15
- Half Bathrooms0
- Sqr Footage8513
- Lot Size0.39 Acres
Data Source:
Wasatch Front Regional MLS (WFRMLS)
Property Description
Rare 15-unit acquisition opportunity in the highly sought-after Salt Lake City Avenues (687 E 2nd Ave & 119 N K St). This historic 1905 trophy asset offers massive, immediate upside. Three units are scheduled for vacancy in March 2026, allowing the new owner to capture top-of-market rents on Day 1 and force instant equity. Current average rents are significantly below market (Studios averaging $560/mo; 1-Bedrooms averaging $882/mo), providing a clear and proven path to aggressive revenue growth. -------------- The heavy lifting has already been completed with over $62,000 in recent CapEx, including a $32,000 driveway replacement, a $22,000 electrical upgrade, and an $8,000 new porch. Situated on a 0.39-acre corner lot with a 74 Walk Score, the property is perfectly positioned just 1.3 miles from Downtown SLC and 1.7 miles from the University of Utah, ensuring historically near-zero vacancy and a premium tenant base. Ideal value-add opportunity to command top-tier returns in one of SLC's highest-barrier-to-entry neighborhoods. Square footage figures are provided as a courtesy based on County records; buyer is advised to obtain an independent measurement and verify all information to their own satisfaction.
| Elementary School | Middle School | High School |
|---|---|---|
| Wasatch Elementary School | Bryant Middle School | West High School |
| Price History | |
|---|---|
| 3/7/2026 | Listed $2,100,000 |
| 4/16/2026 | 8$1,950,000 |
| 5/28/2026 | 1$1,940,000 |
| 6/10/2026 | 1$1,930,000 |
| 6/18/2026 | 7$1,800,000 |
| 7/22/2026 | 7$1,690,000 |
General Features
| Living Area | 8513.0 |
|---|---|
| Sewer | Sewer: Connected |
| Utilities | Natural Gas Connected,Electricity Connected,Sewer Connected,Water Connected |
| Roof | Asphalt |
| Zoning | Multi-Family |
| Year Built | 1905 |
| View | Mountain(s),Valley |
| Topography | Road: Paved,Sidewalks,Terrain: Grad Slope,View: Mountain,View: Valley |
| Property Subtype | > 4 Units |
| Current Use | Residential |
| County | Salt Lake |
| New Construction | No |
| Property Type | Residential |
| HOA | No |
| Attached Garage | No |
| Facing Direction | South |
| Garage Y/N | No |
| Status | Active |
| Directions | There are two structures. The 119 K Street address is the northernmost building on the property. |
| High School | West |
| City | Salt Lake City |
| Senior Community Y/N | No |
| High School District | Salt Lake |
| Zoning Description | SR-1A |
| Number Of Units Total | 15 |
| MLS Area | Salt Lake City: Avenues Area |
| Lot Size Units | Acres |
| Lot Size Square Feet | 16988.4 |
| Carport Spaces | 8.0 |
| Carport Y/N | Yes |
| Listing Terms | Cash,Conventional |
| Elementary School | Wasatch |
| Property Attached Y/N | No |
| Tax Annual Amount | 15792.0 |
| Home Warranty Y/N | No |
| Middle/Junior High School | Bryant |
| Property Condition | Blt./Standing |
| Lease Considered Y/N | No |
| Virtual Tour | https://my.matterport.com/show/?m=RbSzkZi9t1A&brand=0 |
| Living Area Units | Square Feet |
| Standard Status | Active |
| Middle/Junior School District | Salt Lake |
| Elementary School District | Salt Lake |
| Virtual Tour | https://my.matterport.com/show/?m=RbSzkZi9t1A |
| PostalCity | Salt Lake City |
| ADU | No |
Interior Features
| Air Conditioning Y/N | No |
|---|---|
| Heating Y/N | No |
| Fireplace Y/N | No |
| Total Bedrooms | 10 |
| Total Baths | 15 |
Exterior Features
| Parking Features | Covered,Detached |
|---|---|
| Lot Features | Road: Paved,Sidewalks,Terrain: Grad Slope,View: Mountain,View: Valley |
| Total Parking | 8.0 |
| Lot Size Area | 0.39 |
| Spa | No |
| Building Area Total | 8513.0 |
| Lot Dimensions | 0.0x0.0x0.0 |
| Lot Size Acres | 0.39 |
| Frontage Length | 0.0 |
| Private Pool | No |
| Waterfront Y/N | No |
| Covered Spaces | 8.0 |
| RV Parking Dimensions | 0.00 |
| Horse Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 84103
Price
Taxes
Year Built
Visits
Wasatch Front Regional MLS - Salt Lake Board of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties
