Active
141 E 1st Ave, Salt Lake City, UT 84103
$6,550,000
30 bed · 32 bath · 30,838 sqft
Located in the heart of downtown Salt Lake City's Avenues neighborhood, Castle Heights Apartments is one of the cities most iconic multifamily buildings. 32-units just steps from Temple Square, City Creek, dining, employment, and public transit. The property includes 27 one-bedroom units, 4 studios, and 1 two-bedroom. Some interior cosmetic upgrades were completed in 2021, including new cabinets, countertops, and stainless steel appliance, but more work remains. Offered at UNDER $210,000 per unit, this is a compelling value-add opportunity in a premier, walkable downtown location with strong long-term upside.
TOP 20% VALUE: priced better per square foot than 9 of the 10 most similar active listings nearby.
| Year built | 1930 |
|---|---|
| Lot size | 0.38 acres |
| Stories | 0 |
| Type | > 4 Units |
| Annual taxes | $30,739 |
| County | Salt Lake County |
| MLS # | 2136339 |
| Days on market | 201 |
Photos (24)
Listing courtesy of Cory Waddoups, Investment Realty Advisors LLC.
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