Salt Lake City Homes with > 4 Units Subtype

Salt Lake City Homes with > 4 Units Subtype

Welcome to Salt Lake City, Utah—a vibrant metropolis nestled against the stunning backdrop of the Wasatch Mountains. Known for its rich history, diverse culture, and stunning natural landscapes, Salt Lake City is a city that truly has something for everyone. Whether you're an outdoor enthusiast looking to explore the nearby ski resorts or a culture lover eager to delve into the local arts scene, this city offers a perfect blend of urban living and natural beauty.

In the heart of Salt Lake County, the real estate market is thriving, particularly for multi-family homes with more than four units. These properties are an excellent investment opportunity, catering to a growing demand for rental housing in this bustling urban center. With its robust economy, Salt Lake City attracts a diverse population—students, professionals, and families alike—all seeking quality living spaces.

Homes with more than four units in Salt Lake City provide not only significant rental income potential but also the chance to be part of a community that values growth and sustainability. Many of these properties are strategically located near public transportation, shopping centers, and recreational parks, making them ideal for residents who appreciate convenience and accessibility.

Investing in Salt Lake City multi-family homes means tapping into a market that is on the rise, backed by a strong job market and an influx of new residents. Whether you're looking to expand your real estate portfolio or embark on a new venture, Salt Lake City offers an exciting opportunity to be part of a dynamic community while reaping the benefits of a flourishing rental market. Come explore the possibilities today!

Newest Salt Lake City Homes with > 4 Units Subtype

$855,000
11 Beds ⋅ 5 Baths ⋅ 2183101 MLS
Fabulous U of U and downtown multi-unit rental and/or group home facility with new paint and carpet! Fabulous value with room to increase rents throughout! Current rent rates are low and have not been raised in years! This multi-unit property was originally built as an elderly care facility that required overhead water sprinklers, which are currently in place. The property is licensed and used for multi-unit rentals that allow apartment and single-room tenants up to 10 Doors. There is one 2-Bedroom, one-bath and a 1-Bedroom, one-bath apartment on the main floor. There are 8 single room rentals on the second floor that share a common kitchen area and 2 1/2 full baths. This property is perfect "As Is" or can be developed into an Airbnb, Hostel Group Home, or Apartments. The boiler is only a couple of years old, is 90%+ efficient, and represents a $30,000 investment. The roof is also in excellent condition, providing additional peace of mind for the buyer.

157 S 800 E, Salt Lake City
$5,899,000
27 Beds ⋅ 29 Baths ⋅ 2180833 MLS
The Harvey presents a rare opportunity to acquire 12 units in a newly built, Class A 1-unit multi-family asset in the thriving Sugar House submarket of Salt Lake City. Luxury finishes and high-quality construction. Unit Mix: 5 Brownstone Units w/ separate walk-out basement 4 Penthouse condos (ADA adaptive) 3 Garden-style townhomes 12 covered carport spaces, dedicated bike parking, elevator, interior mail delivery, All-electric building, gypcrete sound insulation, zoned mini-split HVAC, fire sprinklers, Panasonic WhisperGreen ventilation, Google Fiber, skylights for natural light, Modern systems and energy-efficient design reduce near-term maintenance and operating costs. Situated in Sugar House, one of Salt Lake City's strongest rental and owner-occupant markets with robust demand and low vacancy. All condos/townhomes are separately parceled. There is currently a commercial condo available for purchase in addition to the 12 residential units, the commercial space is not included in the multi-unit sale and is platted as a separate parcel.

2689 S 500 E, Salt Lake City
$3,400,000
11 Beds ⋅ 16 Baths ⋅ 2176326 MLS
Rarely does an offering combine this much location, character, and untapped income potential in one package. Situated in the heart of East Central, this 16-unit brick apartment community sits perfectly between downtown Salt Lake City's core and the University of Utah - just three blocks from TRAX, and walking distance to shopping, dining, and everything the neighborhood has to offer. Built in 1937, the property retains the timeless charm of Salt Lake's classic walk-up apartment stock, while benefiting from significant recent capital improvements: a new roof, refurbished exterior siding, and plumbing and electrical upgrades completed in 2024. Seven of the sixteen units have also been individually updated, offering a strong mix of renovated and classic units to support a flexible leasing and value-add strategy. The unit mix - 8 studios, 5 one-bedrooms, and 3 two-bedrooms - appeals to a broad renter pool, from students and young professionals to downtown commuters. With current rents sitting meaningfully below market across the studio and one-bedroom units, this property offers a clear, executable path to increased NOI through strategic lease-up and renewal pricing, without requiring major capital investment beyond what's already been completed. Whether you're targeting a value-add reposition or a stabilized hold with embedded upside, 905 East 200 South presents a compelling opportunity in one of Salt Lake City's most in-demand rental corridors.

905 E 200 S, Salt Lake City
$1,750,000
8 Beds ⋅ 5 Baths ⋅ 2176148 MLS
Exceptional investment opportunity in the heart of downtown Salt Lake City! This beautifully maintained 5-plex offers an ideal blend of timeless character and modern convenience in one of the city's most desirable rental locations. Just minutes from the vibrant downtown district, tenants will enjoy easy access to shopping, dining, entertainment, TRAX, and I-15, making commuting throughout the Salt Lake Valley effortless. The property is also conveniently located near Temple Square, the Utah State Capitol, and the Gateway entertainment district, with countless restaurants, coffee shops, parks, and cultural attractions nearby. Thoughtfully designed and well cared for, this multi-family property provides an attractive living experience for tenants while offering strong long-term investment potential. Whether you're looking to expand your portfolio or own a prime income-producing property in one of Utah's fastest-growing markets, this downtown 5-plex is an opportunity you won't want to miss.

235 W 400 N, Salt Lake City
$2,200,000
15 Beds ⋅ 10 Baths ⋅ 2169802 MLS
JUST STEPS to the University of Utah in this highly desirable location, Near Multiple Hospitals & TRAX transit to Downtown Salt Lake City ideal for students, urban professional plus others. 8 Unique Apartments in 2 buildings. Extremely Well Maintained, brimming with timeless charm, offering a smart investment potential of both location & consistent HIGH tenant demand. Comfortable floor plans; 1, 2 & 3 bedroom apartments-above average sized units. 13 Off-street parking spaces, Updates include: newer roof, newer double pane windows, newer appliances & countertops, main water line to street replaced. Onsite coin-op laundry providing additional income. Current Rents are below market, GREAT POTENTIAL to increase income. All information is deemed reliable, but not guaranteed. Buyer responsible to verify all listing information to Buyers satisfaction including Square footage obtained from SL County Record & provided as a courtesy estimate.

433 S 1300 E, Salt Lake City
$1,600,000
7 Beds ⋅ 5 Baths ⋅ 2169501 MLS
This beautifully built, well maintained 5-Plex was once the home of the renowned artist Lewis A Ramsey.. Truly one-of-a-kind.. This 5-PLEX can seamlessly CONVERT into a 3 OR 4 PLEX, which creates a rare opportunity to obtain HIGHLY PREFERABLE

128 S 1000 E, Salt Lake City
$1,900,000
15 Beds ⋅ 9 Baths ⋅ 2166310 MLS
ACRES Commercial Real Estate is pleased to present the opportunity to acquire a well-maintained 9-unit multifamily property located in the highly sought-after Liberty Park neighborhood of Salt Lake City, Utah. Situated on a 0.19-acre parcel, the property features updated unit interiors, strong in-place occupancy, and the potential for future rental growth. This offering provides investors with an attractive combination of stable cash flow, operational stability, and value-add upside in one of Salt Lake City's most desirable and supply-constrained rental markets. With its premier location, proven performance, and the opportunity to enhance returns through continued asset management, the property represents a compelling multifamily investment.

828 S 500 E, Salt Lake City
$1,150,000
6 Beds ⋅ 5 Baths ⋅ 2164454 MLS
*Seller financing possible at 4.5% with $350K down.* Rare opportunity to own a well-maintained 5-Plex in Salt Lake City's desirable Avenues neighborhood. Just minutes from downtown, the University of Utah, hospitals, restaurants, shopping, and public transit, this property is ideally located for tenants who want to be close to work, school, and everything the city has to offer. The property has seen major updates, including new plumbing and electrical throughout, new windows and porch decking, along with other improvements that help reduce maintenance and keep the units attractive to renters. Its strong location has contributed to consistent tenant demand and low vacancy over the years. The Avenues continues to be one of Salt Lake City's most sought-after neighborhoods, making this an excellent opportunity for investors looking for a solid income-producing property with long-term upside. **Please do not disturb tenants. Showings require advance notice. Buyer to verify all information, including square footage.

201 N I St, Salt Lake City
$12,990,000
32 Beds ⋅ 31 Baths ⋅ 2163852 MLS
Prime 34-Unit Multi-family building just a half-block from Liberty Park. Positioned just a half-block from Salt Lake City's iconic Liberty Park, this turnkey 32-unit multifamily building with two ground-floor commercial units represents a rare trophy asset in a historically low-vacancy submarket. Designed to command top-of-market rents and maximize investor NOI, the property features a premium amenity package that ensures high tenant retention. Residents enjoy a secure, heated underground parking garage-a massive competitive advantage during Utah winters-with full elevator access to all levels. The building boasts a private, expansive second-floor courtyard offering a quiet urban oasis, alongside a state-of-the-art secure entry system for ultimate peace of mind. The two high-visibility commercial spaces capitalizes on vibrant neighborhood foot traffic, offering a diversified, robust revenue stream. Combining an unbeatable A+ location with institutional-grade features-including the heated garage, elevator access, and premium security-this generational asset is a standout addition to any sophisticated portfolio. Turnkey investment. Financial package and pro-forma available upon request

1326 S 500 E, Salt Lake City
$1,999,000
18 Beds ⋅ 14 Baths ⋅ 2163456 MLS
Welcome to The George, a historic gem located in the heart of downtown Salt Lake City! Originally opened in 1911 as the city's first hotel, this building has been beautifully converted into a modern apartment complex. It now features 14 stylish units, including four spacious 2-bedroom apartments and ten cozy 1-bedroom units. This prime location offers easy access to downtown dining, entertainment, the Trax station, and numerous shopping options, making it a fantastic investment opportunity.

653 E 300 S, Salt Lake City
$2,300,000
16 Beds ⋅ 8 Baths ⋅ 2155284 MLS
Rare opportunity to acquire a large-unit 8-plex steps from the University of Utah. Each of the eight units offers approximately 1,100 square feet with a 2-bedroom / 1-bathroom layout, an ideal configuration for both traditional leasing and student-oriented rental models. Strong location within walking distance to campus, transit, and downtown Salt Lake City supports consistent tenant demand. The property offers cosmetic value-add potential and operational upside through rental strategy improvements. Historically operated under multiple leasing structures, providing flexibility for investors to optimize income (buyer to verify). Owner/Agent.

1162 E 400 S, Salt Lake City
$4,450,000
27 Beds ⋅ 15 Baths ⋅ 2153765 MLS
Well-located 15-unit apartment building in the heart of Salt Lake City, just minutes from the University of Utah. The property features a highly desirable unit mix of twelve 2-bedroom/1-bath units and three 1-bedroom/1-bath units, all offering spacious, functional layouts that appeal to both student and professional tenants. The property was comprehensively renovated in 2022 by current ownership, with upgrades including modern cabinetry, countertops, flooring, paint, appliances, and HVAC systems. Units offer a clean, updated feel while maintaining a level of character that fits the surrounding neighborhood. Benefiting from its proximity to the University, hospital systems, and downtown, the property has consistently attracted strong tenant demand. This is an excellent opportunity to acquire a renovated, well-positioned asset in one of Salt Lake City's most reliable rental corridors.

425 S 900 E, Salt Lake City
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