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Investor Special Rare Fixer Upper 4-5 Plex in the Avenues 423 E 1st Avenue, Salt Lake City, UT 84103 Opportunity knocks in one of Salt Lake City's most desirable and historic neighborhoods. This classic 4-5 plex in the Avenues is ready for a savvy investor to roll up their sleeves and bring it back to life. Whether you're looking to renovate and rent, flip, or hold for long-term appreciation, this is the value-add project you've been waiting for. Highlights: True Fixer Upper This property needs substantial work but offers incredible upside. Ideal for investors who aren't afraid of a project and know how to unlock potential through thoughtful renovation. Solid Bones & Great Layout Each of the four units has its own entrance. With a mix of (2) 1-bedroom units and (2) 2-bedroom units, there's room for solid rental income once updates are made. Prime Location Just blocks from downtown Salt Lake, the University of Utah, and City Creek, this location is always in demand. Walkable to shops, restaurants, and transit. Parking is a Plus Rare for the area, this property offers parking for 4+ cars in the back plus additional off-street options-a valuable amenity in this neighborhood. Upside Potential Rehab and rent, flip for profit, or convert to high-end rentals. Comparable renovated fourplexes in the area command significantly higher rents and values. ________________________________________ Investor Notes: INVESTOR OPEN, Sat, June 14 at 10am. Offers subject to inspection if you are unable to attend the investor open. PLEASE DO NOT DISTURB TENANTS Property is occupied. Sold as-is Seller will make no repairs. Cash, hard money, or renovation loan preferred. Check with Salt Lake City for expansion or ADU potential.
| DAYS ON MARKET | 58 | LAST UPDATED | 6/11/2025 |
|---|---|---|---|
| TRACT | AVENUES | YEAR BUILT | 1904 |
| COMMUNITY | Salt Lake City: Avenues Area | COUNTY | Salt Lake |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| Elementary School | Wasatch |
|---|---|
| Jr. High School | Bryant |
| High School | West |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| AREA | Salt Lake City: Avenues Area |
| HEAT | None |
| LOT | 6970 sq ft |
| LOT DIMENSIONS | 0.0x0.0x0.0 |
| SEWER | Public Sewer |
| STYLE | Stories: 2 |
| SUBDIVISION | AVENUES |
| TAXES | 4738 |
| UTILITIES | Natural Gas Available, Natural Gas Connected, Electricity Connected, Sewer Connected, Water Connected |
| ZONING | RMF-35 |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with Coldwell Banker Realty (Salt Lake-Sugar House)
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