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Marcus & Millichap is pleased to present this exclusive listing of a core+ multifamily asset in Salt Lake City's Millcreek corridor, one of the region's most resilient rental submarkets. The property is being offered individually as part of a two-property, 16-unit portfolio, with the seller preferring a package sale but willing to consider individual offers. The investment thesis is straightforward: in-place cash flow paired with clearly defined upside through natural tenant turnover and ancillary income strategies. In-place rents reflect a tenured resident base, with an average tenancy of approximately two and a half years, signaling stability while presenting a mark-to-market opportunity as units turn. The asset benefits from strong demographic tailwinds driven by Utah's sustained population growth and a widening mortgage-to-rent affordability gap that continues to push would-be buyers into the rental market. Do not disturb tenants. Square footage figures are provided as a courtesy estimate only. Buyer is advised to obtain an independent measurement. Contact listing agent for financials or to schedule a tour.
| DAYS ON MARKET | 18 | LAST UPDATED | 4/17/2026 |
|---|---|---|---|
| TRACT | HIGHLAND | YEAR BUILT | 1960 |
| COMMUNITY | Holladay; Millcreek | COUNTY | Salt Lake |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| Elementary School | Upland Terrace |
|---|---|
| Jr. High School | Wasatch |
| High School | Olympus |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| AREA | Holladay; Millcreek |
| HEAT | None |
| LOT | 0.36 acre(s) |
| LOT DIMENSIONS | 0.0x0.0x0.0 |
| STYLE | Stories: 2 |
| SUBDIVISION | HIGHLAND |
| TAXES | 9942 |
| ZONING | RM |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
P
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*Estimate only
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Listed with Marcus & Millichap Real Estate Investment Services of Atlanta, INC
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