For sale MLS# 2172912 · 147 days on the market
$1,450,000
It starts with a call with an agent.
947 W Euclid Ave, Salt Lake City, UT 84106
About this home
An increasingly rare opportunity to acquire a fully entitled multifamily development site in one of Salt Lake City's fastest-transforming urban neighborhoods. 947 Euclid Avenue offers a shovel-ready development opportunity for a 40-unit apartment project with completed architectural plans, engineering, studies, and entitlement work included in the sale. The project was previously approved and is positioned for a developer to reactivate permits and move directly toward construction, dramatically reducing entitlement risk, carrying costs, and time to market. Located within an Opportunity Zone and just minutes from Downtown Salt Lake City, the site sits at the center of unprecedented public and private investment. The property benefits from immediate access to I-15, I-80, TRAX, downtown employment centers, and the rapidly emerging west-side redevelopment corridor. Adding to the long-term investment story, the site is positioned near the newly announced Power District redevelopment and the sports and entertainment district being spearheaded by Ryan Smith and Smith Entertainment Group. These transformative projects are expected to reshape the western edge of downtown Salt Lake City and further accelerate housing demand throughout the surrounding neighborhoods. The approved project consists of a modern six-story apartment building featuring 40 residential units with a thoughtfully designed mix of one- and two-bedroom floorplans. Contemporary architecture, efficient unit layouts, and urban connectivity create an attractive product for today's renter demographic. For developers seeking a project with substantially reduced entitlement risk, completed pre-development work, and immediate proximity to one of Utah's most significant redevelopment initiatives, 947 Euclid represents a compelling opportunity to deliver new multifamily housing in a supply-constrained market.
Written by the listing agent.
Location
The market in Salt Lake City today
$1,450,000 is 46% above the median asking price in Salt Lake City.
28% of the listings for sale have lowered their price at least once.
From the listings for sale, as of October 25, 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
- $8,035
- Property tax
- $1,000
- Home insurance
- $110
10% down ($145,000), 30-year fixed at 6.25%. Tax from the MLS record; insurance is an estimate. Not a loan offer.
Details
- Lot
- 0.25 acres
- Subdivision
- ARCHER & KUL
- County
- Salt Lake
Schools
Assigned schools as reported to the MLS by the listing agent. Boundaries change; confirm enrollment with the district.
Similar homes nearby
Listing courtesy of KW Utah Realtors Keller Williams (Brickyard) / Shad Selmos. Based on information from UtahRealEstate.com as of 9/1/2026 10:18 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.