MLS #2168095 | 423 E 1st Ave, Salt Lake City

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> 4 Units for Sale

Investment opportunity in Salt Lake City's highly desirable Avenues neighborhood. Located just minutes from Downtown Salt Lake City, the University of Utah, major hospitals, restaurants, and outdoor recreation, this five-unit property offers a rare chance to own multifamily real estate in a prime location. The property consists of five one-bedroom, one-bathroom units on a large lot with significant upside potential. While the building needs renovation, it presents an excellent opportunity for an investor looking to improve the property, increase rents, and add value over time. The Avenues continues to see strong rental demand thanks to its walkability, historic character, and close proximity to downtown and the University of Utah. The oversized lot may also offer future opportunities, subject to buyer verification. Whether you're looking for a value-add project, long-term investment, or redevelopment opportunity, this property offers a chance to invest in one of Salt Lake City's most established neighborhoods.

Price Insights

Current price
Price per sq ft
Price per finished sq ft

$625,000
$196 / square foot
$196 / finished sq ft

6 Days on the Market

Status: Available

Schools, Inclusions, & Exclusions

Inclusions are often re-negotiated during contract negotiation.

No items have been listed as excluded.

Salt Lake School District

Elementary: Wasatch
Middle: Bryant
Senior: West

The Numbers

Interior :
Style :
Year built :
Lot acres :
Lot sq ft :

3,195 square feet
Style: 2 Story
1904
.16 acres
6,970 square feet

Home Features & Amenities

Utilities: Natural Gas Connected, Electricity Connected, Sewer Connected, Public Sewer, Water Connected

Exterior: Brick, Concrete
Roof: Asphalt
Style: 2 Story

Private Showing

For showing appointments, call K Real Estate to view the home at 423 E 1st Ave in Salt Lake City. Give K Real Estate a call at (833) KRE-UTAH.

423 E 1st Ave was listed on Jun 25th, 2026 by Windermere Real Estate, a real estate brokerage.

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