For sale MLS# 2136339 · 258 days on the market
$6,550,000
It starts with a call with an agent.
141 E 1St Ave, Salt Lake City, UT 84103
About this home
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.
Written by the listing agent.
Location
The market in Salt Lake City today
$6,550,000 is 630% above the median asking price in Salt Lake City.
At $212 per sqft it asks 29% less than the median in the city.
49% of the listings for sale have lowered their price at least once.
From the listings for sale, as of October 26, 2026. Asking prices only: Utah does not make sold prices public.
Living in Salt Lake City
Salt Lake City is the capital and most populous city of Utah, founded in 1847 and located in a valley near the Great Salt Lake.
- 199,723 residents (2020)
- 24 rail stations
- 79 named trails
- 101 named parks
Monthly payment
- Principal & interest
- $36,297
- Property tax
- $2,562
- Home insurance
- $110
10% down ($655,000), 30-year fixed at 6.25%. Tax from the MLS record; insurance is an estimate. Not a loan offer.
Details
- Style
- High Rise
- Lot
- 0.38 acres
- Parking
- Covered, Parking: Uncovered
- Heating
- Gas: Radiant
- Flooring
- Carpet, Hardwood, Tile, Vinyl
- Construction
- Brick, Stone
See all 12 details
- Sewer
- Sewer: Connected
- Effective year built
- 2002
- County
- Salt Lake
- Faces
- South
- Zoning
- Multi-Family
- Terms
- Cash, Conventional, Exchange
- Entry (Foyer)
- Road: Paved
- Natural Gas Connected
- Electricity Connected
- Sewer Connected
- Water Connected
Schools
Assigned schools as reported to the MLS by the listing agent. Boundaries change; confirm enrollment with the district. · Salt Lake
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Listing courtesy of Investment Realty Advisors LLC / Cory Waddoups. Based on information from UtahRealEstate.com as of 8/1/2026 1:28 AM. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy.