Under contract MLS# 2141710 · 234 days on the market
$1,490,000
It starts with a call with an agent.
119 K St, Salt Lake City, UT 84103
About this home
Rare 15-unit acquisition opportunity in the highly sought-after Salt Lake City Avenues (687 E 2nd Ave & 119 N K St). This historic 1905 trophy asset offers massive, immediate upside. Three units are scheduled for vacancy in March 2026, allowing the new owner to capture top-of-market rents on Day 1 and force instant equity. Current average rents are significantly below market (Studios averaging $560/mo; 1-Bedrooms averaging $882/mo), providing a clear and proven path to aggressive revenue growth. -------------- The heavy lifting has already been completed with over $62,000 in recent CapEx, including a $32,000 driveway replacement, a $22,000 electrical upgrade, and an $8,000 new porch. Situated on a 0.39-acre corner lot with a 74 Walk Score, the property is perfectly positioned just 1.3 miles from Downtown SLC and 1.7 miles from the University of Utah, ensuring historically near-zero vacancy and a premium tenant base. Ideal value-add opportunity to command top-tier returns in one of SLC's highest-barrier-to-entry neighborhoods. Square footage figures are provided as a courtesy based on County records; buyer is advised to obtain an independent measurement and verify all information to their own satisfaction.
Written by the listing agent.
Location
The market in Salt Lake City today
$1,490,000 is 66% above the median asking price in Salt Lake City.
At $175 per sqft it asks 41% 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
- $8,257
- Property tax
- $1,316
- Home insurance
- $110
10% down ($149,000), 30-year fixed at 6.25%. Tax from the MLS record; insurance is an estimate. Not a loan offer.
Details
- Lot
- 0.39 acres
- Parking
- Covered, Detached
- Roof
- Asphalt
- Sewer
- Sewer: Connected
- Effective year built
- 1980
- County
- Salt Lake
See all 9 details
- Faces
- South
- Zoning
- Multi-Family
- Terms
- Cash, Conventional
- Road: Paved
- Sidewalks
- Terrain: Grad Slope
- View: Mountain
- View: Valley
- Mountain(s)
- Valley
- Natural Gas Connected
- Electricity Connected
- Sewer Connected
See all 11 features
Lot features
- Road: Paved
- Sidewalks
- Terrain: Grad Slope
- View: Mountain
- View: Valley
View
- Mountain(s)
- Valley
Utilities
- 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 Bybee & Co Realty, LLC / Zach Droubay. Based on information from UtahRealEstate.com as of 10/8/2026 4:40 PM. 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.