141 East 1st Avenue
- 30,838 SF building
- 32 units
- Built in 1930
- Renovated in 2021
- Zoned RMF - 75
Property Description
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.
Broker Details
Investment Realty Advisors, LLC (801) 971-2542
MLS ID: 99739
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $6,550,000 |
| No. of Units: | 32 |
| Year Built: | 1930 |
| Lot Size: | 0.38 Acres |
| Opportunity Zone: | No |
| Price per unit: | $204,688 |
| Property Website | Click Here |
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